Travis Texas Oil, Gas and Mineral Deed - Individual or Two Individuals to an Individual

Name: Travis Texas Oil, Gas and Mineral Deed - Individual or Two Individuals to an Individual
Brand: US Legal Forms
Rating: 4.7 (307 reviews)

Category:

Oil Gas and Minerals - Deeds

State:

Multi-State

County:

Travis

Control #:

US-00576

Format:

Instant download

Description

Grantor(s) convey, with limited warranty, unto the grantee all of grantor(s) mineral interest, including but not limited to oil, gas, carbon dioxide, and all other minerals in, on and under certain property described in the document.

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FAQ

Like surface interests, mineral interests are passed down by inheritance. If there is a valid will, it controls who gets the property. If not, Texas laws of heirship controls.

To transfer mineral rights:The grantor's lawyer has to come up with a deed of transfer to the grantee.The grantee accepts the deed of transfer and goes on to register themselves as the new rightful owner at the office of the Colorado State land board.More items...

Mineral rights in Texas are the rights to mineral deposits that exist under the surface of a parcel of property. This right normally belongs to the owner of the surface estate; however, in Texas those rights can be transferred through sale or lease to a second party.

A mineral deed with special warranty in Texas conveys all or part of the oil, gas, and other minerals of a grantor in real property to a grantee, subject to certain warranties covering the grantor's period of ownership.

Transfer Your Mineral RightsTransfer by deed: You can sell your mineral rights to another person or company by deed. Transfer by will: You can specify who you want to inherit your mineral rights in your will. Transfer by lease: You can lease mineral rights to a third party through a lease agreement.

After a divorce, mineral rights can be transferred by submitting the divorce decree and conveyances to the county (where the minerals are located) for recording. They usually go to the same agency that records titles and property deeds. The county will return the recorded original documents to the new owner.

Mineral rights deeds are not the same as royalty deeds. Royalty deeds do not allow for surface access, or for the initiation of the extraction and sale of minerals. A royalty owner will only benefit economically if the mineral owner decides to produce and sell the minerals.

You will need to sign the mineral deed form in front of a notary to confirm its authenticity, have it notarized, and have it recorded. The recorder of the deed can send a copy back to us, and you will keep a copy. And you are done!

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In these cases, the payments made under the lease are treated as separate property and so will remain in the sole possession of a single spouse. Mississippi law allows mineral rights and land ownership to be separate.Some landowners may not be aware they don't own the mineral rights. United States. Congress.

Travis Texas Oil, Gas and Mineral Deed - Individual or Two Individuals to an Individual

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What happens to mineral rights when someone dies in Texas?

How do I transfer mineral rights in Colorado?

What does it mean to own mineral rights in Texas?

What is a mineral deed in Texas?

How can mineral rights be transferred?

How do I transfer ownership of mineral rights in Texas?

What is the difference between a mineral deed and a royalty deed?

How do I change mineral rights ownership in Texas?

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