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.
Travis Texas Mineral Deed serves as a legal document that transfers ownership of mineral rights in properties located within Travis County, Texas. It encompasses the conveyance of rights to minerals such as oil, gas, coal, uranium, and other subterranean substances found beneath the surface of the land. The mineral deed is a vital instrument for property owners, buyers, and investors seeking to establish ownership and exploit the potential resources. A Travis Texas Mineral Deed typically includes essential information such as the names and addresses of both the granter (seller) and grantee (buyer), a detailed legal description of the property, and specific provisions regarding the transfer of mineral rights. Furthermore, it outlines any reservations or exceptions made by the granter, ensuring clarity and preventing future disputes. It is important to note that there are various types of Travis Texas Mineral Deeds based on specific circumstances and intentions: 1. General Mineral Deed: This is the most common type of mineral deed, transferring all mineral rights from the granter to the grantee without any reservations. 2. Limited Mineral Deed: Unlike the general mineral deed, a limited mineral deed transfers only a portion or specified minerals of the property to the grantee, while the granter retains ownership of others. 3. Royalty Deed: A royalty deed is used when the granter wishes to transfer a percentage or specific amount of royalties from the production of minerals extracted from the property. This allows the grantee to receive a share of the income generated from the resource extraction. 4. Non-Participating Royalty Interest (NPR) Deed: In an NPR deed, the granter retains the ownership of minerals but grants the grantee a specific portion of royalty interests, without granting any rights to execute the mineral rights. 5. Mineral Quitclaim Deed: This type of deed releases any claim the granter may have on the mineral rights, but there are no warranties or guarantees of ownership. It is commonly used when the granter is uncertain about the validity or extent of mineral rights. Whether one is buying, selling, or transferring mineral rights in Travis County, Texas, it is important to thoroughly understand the specific type of Travis Texas Mineral Deed being used. Seeking legal advice and conducting a thorough title search is crucial to ensure a smooth and legally binding transaction, protecting the interests of all parties involved.Travis Texas Mineral Deed serves as a legal document that transfers ownership of mineral rights in properties located within Travis County, Texas. It encompasses the conveyance of rights to minerals such as oil, gas, coal, uranium, and other subterranean substances found beneath the surface of the land. The mineral deed is a vital instrument for property owners, buyers, and investors seeking to establish ownership and exploit the potential resources. A Travis Texas Mineral Deed typically includes essential information such as the names and addresses of both the granter (seller) and grantee (buyer), a detailed legal description of the property, and specific provisions regarding the transfer of mineral rights. Furthermore, it outlines any reservations or exceptions made by the granter, ensuring clarity and preventing future disputes. It is important to note that there are various types of Travis Texas Mineral Deeds based on specific circumstances and intentions: 1. General Mineral Deed: This is the most common type of mineral deed, transferring all mineral rights from the granter to the grantee without any reservations. 2. Limited Mineral Deed: Unlike the general mineral deed, a limited mineral deed transfers only a portion or specified minerals of the property to the grantee, while the granter retains ownership of others. 3. Royalty Deed: A royalty deed is used when the granter wishes to transfer a percentage or specific amount of royalties from the production of minerals extracted from the property. This allows the grantee to receive a share of the income generated from the resource extraction. 4. Non-Participating Royalty Interest (NPR) Deed: In an NPR deed, the granter retains the ownership of minerals but grants the grantee a specific portion of royalty interests, without granting any rights to execute the mineral rights. 5. Mineral Quitclaim Deed: This type of deed releases any claim the granter may have on the mineral rights, but there are no warranties or guarantees of ownership. It is commonly used when the granter is uncertain about the validity or extent of mineral rights. Whether one is buying, selling, or transferring mineral rights in Travis County, Texas, it is important to thoroughly understand the specific type of Travis Texas Mineral Deed being used. Seeking legal advice and conducting a thorough title search is crucial to ensure a smooth and legally binding transaction, protecting the interests of all parties involved.
