Bronx New York Royalty Deed with Limited Warranty

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• County: Bronx
• Control #: US-OG-043
• Format: Word; Rich Text

Description

This form conveys a royalty interest with a limited warranty. The Bronx, located in New York City, is one of the five boroughs and is known for its rich history, diverse culture, and iconic landmarks. When it comes to real estate transactions in the Bronx, one important document that plays a crucial role is the Bronx New York Royalty Deed with Limited Warranty. A Royalty Deed is a legal instrument that confirms the transfer of ownership rights from one party, known as the granter, to another party, known as the grantee. In the context of the Bronx, this document specifically pertains to the transfer of royalty rights associated with real property, such as mineral or gas royalty interests. The Limited Warranty aspect indicates the limitations on the granter's liability and ensures that they only guarantee a limited warranty for the property rights being transferred. This means that the granter assures the grantee that they have the legal authority to transfer the royalty rights, but they do not provide extensive warranties regarding any past claims or encumbrances on the property. There are various types of Bronx New York Royalty Deeds with Limited Warranty, depending on the nature of the royalties being transferred. Some common types include: 1. Mineral Royalty Deed with Limited Warranty: This type of deed is used to transfer the rights to mineral royalties, such as those associated with oil, gas, or mineral extraction on the property. 2. Oil and Gas Royalty Deed with Limited Warranty: This type of deed relates specifically to the transfer of oil and gas royalty rights, enabling the grantee to collect a percentage of profits from oil and gas production on the property. 3. Natural Resource Royalty Deed with Limited Warranty: This deed encompasses the transfer of various natural resource royalties, including timber, water, or other resource extraction rights. The Bronx New York Royalty Deed with Limited Warranty provides a legal framework for smooth royalty transfers, ensuring that both the granter and the grantee are protected during the transaction. It's crucial for all parties involved to seek legal counsel or consult with a qualified real estate professional to ensure compliance with local laws and regulations.

The Bronx, located in New York City, is one of the five boroughs and is known for its rich history, diverse culture, and iconic landmarks. When it comes to real estate transactions in the Bronx, one important document that plays a crucial role is the Bronx New York Royalty Deed with Limited Warranty. A Royalty Deed is a legal instrument that confirms the transfer of ownership rights from one party, known as the granter, to another party, known as the grantee. In the context of the Bronx, this document specifically pertains to the transfer of royalty rights associated with real property, such as mineral or gas royalty interests. The Limited Warranty aspect indicates the limitations on the granter's liability and ensures that they only guarantee a limited warranty for the property rights being transferred. This means that the granter assures the grantee that they have the legal authority to transfer the royalty rights, but they do not provide extensive warranties regarding any past claims or encumbrances on the property. There are various types of Bronx New York Royalty Deeds with Limited Warranty, depending on the nature of the royalties being transferred. Some common types include: 1. Mineral Royalty Deed with Limited Warranty: This type of deed is used to transfer the rights to mineral royalties, such as those associated with oil, gas, or mineral extraction on the property. 2. Oil and Gas Royalty Deed with Limited Warranty: This type of deed relates specifically to the transfer of oil and gas royalty rights, enabling the grantee to collect a percentage of profits from oil and gas production on the property. 3. Natural Resource Royalty Deed with Limited Warranty: This deed encompasses the transfer of various natural resource royalties, including timber, water, or other resource extraction rights. The Bronx New York Royalty Deed with Limited Warranty provides a legal framework for smooth royalty transfers, ensuring that both the granter and the grantee are protected during the transaction. It's crucial for all parties involved to seek legal counsel or consult with a qualified real estate professional to ensure compliance with local laws and regulations.