This deed grants, bargains, sells, conveys, and transfers to Grantee an undivided ten percent interest in and to all of Grantor's right, title, and interest in the oil, gas, and other minerals in, on, and under that may be produced from the agreed upon land.
Carrollton, Texas Mineral Deed: A Comprehensive Overview A Carrollton Texas Mineral Deed is a legal document that transfers the ownership rights of mineral rights from one party to another in the city of Carrollton, Texas. It is an essential legal instrument used to facilitate the buying, selling, or gifting of mineral rights, often associated with oil, gas, or other valuable natural resources. While the specific terms and language may vary, a typical Carrollton Texas Mineral Deed includes several key components: 1. Granter and Grantee: The deed identifies the granter, who is the current owner of the mineral rights, and the grantee, the individual or entity who will receive the mineral rights. 2. Property Description: A detailed description of the land on which the mineral rights are located is included, ensuring clarity about the specific area covered in the deed. 3. Mineral Rights: The deed explicitly states that the transfer involves the mineral rights associated with the land and delineates the nature and extent of these rights. The mineral rights might encompass oil, gas, coal, limestone, or other valuable substances that lie beneath the surface. 4. Consideration: The consideration section specifies the value or compensation exchanged between the granter and grantee in exchange for the mineral rights. This may include monetary payment, property, or a combination of both. 5. Covenants and Warranty: The deed commonly includes covenants or promises made by the granter, assuring that they have valid ownership and that the mineral rights being transferred are free from any encumbrances or claims by third parties. These covenants provide the grantee with legal protection and guarantee that the title is valid. Types of Carrollton Texas Mineral Deeds: 1. General Mineral Deed: This type of mineral deed conveys the full and exclusive ownership of the mineral rights from the current owner (granter) to the recipient (grantee). It is commonly used for complete transfers of mineral rights and ensures a clean title for the grantee. 2. Limited Mineral Deed: A limited mineral deed, also referred to as a partial or fractional mineral deed, conveys only a percentage or fraction of the mineral rights to the grantee. This allows the granter to retain an interest in the mineral rights while sharing ownership with the grantee. 3. Quitclaim Mineral Deed: A quitclaim mineral deed transfers whatever rights the granter owns at the time of conveyance, without guaranteeing or warranting the validity of the title. This type of deed is often used in situations where the granter's claim to the mineral rights may be uncertain or where the granter wishes to transfer all of their rights, if any exist. In conclusion, a Carrollton Texas Mineral Deed serves as a legal instrument to facilitate the transfer of mineral rights ownership in Carrollton, Texas. It ensures clarity, protection, and valid title transfer while accommodating various circumstances with different types of deeds.Carrollton, Texas Mineral Deed: A Comprehensive Overview A Carrollton Texas Mineral Deed is a legal document that transfers the ownership rights of mineral rights from one party to another in the city of Carrollton, Texas. It is an essential legal instrument used to facilitate the buying, selling, or gifting of mineral rights, often associated with oil, gas, or other valuable natural resources. While the specific terms and language may vary, a typical Carrollton Texas Mineral Deed includes several key components: 1. Granter and Grantee: The deed identifies the granter, who is the current owner of the mineral rights, and the grantee, the individual or entity who will receive the mineral rights. 2. Property Description: A detailed description of the land on which the mineral rights are located is included, ensuring clarity about the specific area covered in the deed. 3. Mineral Rights: The deed explicitly states that the transfer involves the mineral rights associated with the land and delineates the nature and extent of these rights. The mineral rights might encompass oil, gas, coal, limestone, or other valuable substances that lie beneath the surface. 4. Consideration: The consideration section specifies the value or compensation exchanged between the granter and grantee in exchange for the mineral rights. This may include monetary payment, property, or a combination of both. 5. Covenants and Warranty: The deed commonly includes covenants or promises made by the granter, assuring that they have valid ownership and that the mineral rights being transferred are free from any encumbrances or claims by third parties. These covenants provide the grantee with legal protection and guarantee that the title is valid. Types of Carrollton Texas Mineral Deeds: 1. General Mineral Deed: This type of mineral deed conveys the full and exclusive ownership of the mineral rights from the current owner (granter) to the recipient (grantee). It is commonly used for complete transfers of mineral rights and ensures a clean title for the grantee. 2. Limited Mineral Deed: A limited mineral deed, also referred to as a partial or fractional mineral deed, conveys only a percentage or fraction of the mineral rights to the grantee. This allows the granter to retain an interest in the mineral rights while sharing ownership with the grantee. 3. Quitclaim Mineral Deed: A quitclaim mineral deed transfers whatever rights the granter owns at the time of conveyance, without guaranteeing or warranting the validity of the title. This type of deed is often used in situations where the granter's claim to the mineral rights may be uncertain or where the granter wishes to transfer all of their rights, if any exist. In conclusion, a Carrollton Texas Mineral Deed serves as a legal instrument to facilitate the transfer of mineral rights ownership in Carrollton, Texas. It ensures clarity, protection, and valid title transfer while accommodating various circumstances with different types of deeds.
