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 Lewisville Texas Mineral Deed is a legal document that transfers the ownership rights of minerals located beneath the surface of a property in Lewisville, Texas. This deed is specifically used for the purpose of transferring or conveying mineral rights rather than the ownership of the surface of the land. The Lewisville Texas Mineral Deed serves as evidence of the transfer of mineral rights from the granter (current owner) to the grantee (new owner). It includes detailed information about the property, the granter, the grantee, and the specific minerals being transferred. There are different types of Lewisville Texas Mineral Deeds, each serving a specific purpose: 1. General Mineral Deed: This type of deed transfers all mineral rights from the granter to the grantee. It includes all present and future mineral interests owned by the granter in the specified property. 2. Limited Mineral Deed: Unlike a general mineral deed, a limited mineral deed only transfers specific mineral rights or a limited portion of the mineral interests. The deed clearly identifies and describes the minerals being transferred. 3. Royalty Deed: A royalty deed is a specialized type of mineral deed that transfers only the right to receive royalty payments from the production of minerals on the property. The grantee does not have the right to explore, extract, or lease the minerals but receives a portion of the profits generated. 4. Non-Participating Mineral Interest Deed: This type of mineral deed grants the grantee a partial interest in the minerals but does not provide the right to participate in the exploration, extraction, or leasing of the minerals. The grantee holds a passive ownership interest and receives a share of the royalties. It is important to note that the specific terminology and requirements for Lewisville Texas Mineral Deeds may vary, and it is advisable to consult with a qualified attorney or a land professional familiar with Texas mineral rights laws before preparing or executing such deeds.A Lewisville Texas Mineral Deed is a legal document that transfers the ownership rights of minerals located beneath the surface of a property in Lewisville, Texas. This deed is specifically used for the purpose of transferring or conveying mineral rights rather than the ownership of the surface of the land. The Lewisville Texas Mineral Deed serves as evidence of the transfer of mineral rights from the granter (current owner) to the grantee (new owner). It includes detailed information about the property, the granter, the grantee, and the specific minerals being transferred. There are different types of Lewisville Texas Mineral Deeds, each serving a specific purpose: 1. General Mineral Deed: This type of deed transfers all mineral rights from the granter to the grantee. It includes all present and future mineral interests owned by the granter in the specified property. 2. Limited Mineral Deed: Unlike a general mineral deed, a limited mineral deed only transfers specific mineral rights or a limited portion of the mineral interests. The deed clearly identifies and describes the minerals being transferred. 3. Royalty Deed: A royalty deed is a specialized type of mineral deed that transfers only the right to receive royalty payments from the production of minerals on the property. The grantee does not have the right to explore, extract, or lease the minerals but receives a portion of the profits generated. 4. Non-Participating Mineral Interest Deed: This type of mineral deed grants the grantee a partial interest in the minerals but does not provide the right to participate in the exploration, extraction, or leasing of the minerals. The grantee holds a passive ownership interest and receives a share of the royalties. It is important to note that the specific terminology and requirements for Lewisville Texas Mineral Deeds may vary, and it is advisable to consult with a qualified attorney or a land professional familiar with Texas mineral rights laws before preparing or executing such deeds.
