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 mineral deed is a legal document that transfers the ownership rights of mineral interests in a property from one party to another. In the context of Waco, Texas, a Waco Texas Mineral Deed refers specifically to this type of document for properties located in Waco and involves the transfer of mineral rights within the city. Mineral deeds in Waco, Texas are commonly used to convey the rights to exploit, extract, and benefit from minerals present within a property. These minerals can include oil, gas, coal, limestone, and other valuable substances found beneath the surface of the land. The deed also outlines the terms and conditions of the transfer, including any royalties or payments that may be due to the granter. In Waco, Texas, there are different types of mineral deeds, each serving a specific purpose. Some common variations include: 1. Executive Mineral Deed: This type of mineral deed is typically used when the mineral rights are owned separately from the surface rights. Executing this deed enables the owner of the mineral rights to convey them to a buyer or another party. 2. Quitclaim Mineral Deed: A quitclaim mineral deed is used when the granter wants to transfer their entire interest in the mineral rights, without making any warranties or guarantees regarding the validity or extent of those rights. 3. Mineral Deed with Warranty: This type of deed guarantees that the granter has full ownership of the mineral rights and has the authority to transfer them. The granter also assures the buyer that they will defend the property rights against any potential claims in the future. 4. Mineral Royalty Deed: A mineral royalty deed allows the granter to convey only a portion of the royalties and profits derived from the mineral rights to the grantee, without transferring the mineral rights themselves. It is important to consult with a qualified attorney or landsman experienced in Texas mineral laws to determine the most suitable type of Waco Texas Mineral Deed for a specific transaction. The attorney can provide guidance on the appropriate choice of deed based on the circumstances and individual requirements.A mineral deed is a legal document that transfers the ownership rights of mineral interests in a property from one party to another. In the context of Waco, Texas, a Waco Texas Mineral Deed refers specifically to this type of document for properties located in Waco and involves the transfer of mineral rights within the city. Mineral deeds in Waco, Texas are commonly used to convey the rights to exploit, extract, and benefit from minerals present within a property. These minerals can include oil, gas, coal, limestone, and other valuable substances found beneath the surface of the land. The deed also outlines the terms and conditions of the transfer, including any royalties or payments that may be due to the granter. In Waco, Texas, there are different types of mineral deeds, each serving a specific purpose. Some common variations include: 1. Executive Mineral Deed: This type of mineral deed is typically used when the mineral rights are owned separately from the surface rights. Executing this deed enables the owner of the mineral rights to convey them to a buyer or another party. 2. Quitclaim Mineral Deed: A quitclaim mineral deed is used when the granter wants to transfer their entire interest in the mineral rights, without making any warranties or guarantees regarding the validity or extent of those rights. 3. Mineral Deed with Warranty: This type of deed guarantees that the granter has full ownership of the mineral rights and has the authority to transfer them. The granter also assures the buyer that they will defend the property rights against any potential claims in the future. 4. Mineral Royalty Deed: A mineral royalty deed allows the granter to convey only a portion of the royalties and profits derived from the mineral rights to the grantee, without transferring the mineral rights themselves. It is important to consult with a qualified attorney or landsman experienced in Texas mineral laws to determine the most suitable type of Waco Texas Mineral Deed for a specific transaction. The attorney can provide guidance on the appropriate choice of deed based on the circumstances and individual requirements.
