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.
A Houston Texas Mineral Deed refers to a legal document that transfers the ownership rights of minerals and natural resources within a property located in Houston, Texas. This document outlines the rights, interests, and restrictions associated with the specific minerals contained within the property. It is an important document in the field of real estate and plays a significant role in the extraction, sale, and leasing of mineral rights. The Houston Texas Mineral Deed is often used when there is an intention to separate the ownership of surface rights from the ownership of minerals. This allows individuals or businesses to retain ownership or control over minerals (such as oil, gas, coal, or other valuable substances), even if they have sold or transferred the surface rights to another party. Different types of Houston Texas Mineral Deeds may include: 1. General Mineral Deed: This type of deed transfers all minerals owned by the granter to the grantee without any specific limitations or reservations. 2. Special Warranty Mineral Deed: This type of deed transfers the minerals to the grantee, but the granter warrants only against his own actions during his ownership of the property. 3. Quitclaim Mineral Deed: This type of deed transfers the granter's interest in the minerals without making any warranties or guarantees about the quality or extent of ownership. It simply transfers any interest the granter may have, if any. 4. Mineral Deed with Reservation: This type of deed transfers the minerals to the grantee while retaining certain rights or reservations for the granter. This may include reserving a portion of the minerals or the right to explore or extract minerals in the future. It is important to note that Houston Texas Mineral Deeds can have various stipulations, such as royalty rights, lease agreements, surface use restrictions, or minimum exploration requirements. These details are typically specified within the deed to ensure clarity and protection of the parties involved. Overall, a Houston Texas Mineral Deed is a legally binding document that transfers the ownership or rights to minerals within a property in Houston, Texas, and plays a crucial role in the management and utilization of these valuable resources.A Houston Texas Mineral Deed refers to a legal document that transfers the ownership rights of minerals and natural resources within a property located in Houston, Texas. This document outlines the rights, interests, and restrictions associated with the specific minerals contained within the property. It is an important document in the field of real estate and plays a significant role in the extraction, sale, and leasing of mineral rights. The Houston Texas Mineral Deed is often used when there is an intention to separate the ownership of surface rights from the ownership of minerals. This allows individuals or businesses to retain ownership or control over minerals (such as oil, gas, coal, or other valuable substances), even if they have sold or transferred the surface rights to another party. Different types of Houston Texas Mineral Deeds may include: 1. General Mineral Deed: This type of deed transfers all minerals owned by the granter to the grantee without any specific limitations or reservations. 2. Special Warranty Mineral Deed: This type of deed transfers the minerals to the grantee, but the granter warrants only against his own actions during his ownership of the property. 3. Quitclaim Mineral Deed: This type of deed transfers the granter's interest in the minerals without making any warranties or guarantees about the quality or extent of ownership. It simply transfers any interest the granter may have, if any. 4. Mineral Deed with Reservation: This type of deed transfers the minerals to the grantee while retaining certain rights or reservations for the granter. This may include reserving a portion of the minerals or the right to explore or extract minerals in the future. It is important to note that Houston Texas Mineral Deeds can have various stipulations, such as royalty rights, lease agreements, surface use restrictions, or minimum exploration requirements. These details are typically specified within the deed to ensure clarity and protection of the parties involved. Overall, a Houston Texas Mineral Deed is a legally binding document that transfers the ownership or rights to minerals within a property in Houston, Texas, and plays a crucial role in the management and utilization of these valuable resources.
