Harris Texas Royalty Deed with Limited Warranty

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

Description

This form conveys a royalty interest with a limited warranty. A Harris Texas Royalty Deed with Limited Warranty is a legal document that transfers the ownership of mineral rights from one party to another in the state of Texas. This type of deed is commonly used in the oil and gas industry and is designed to provide limited protection to the buyer or grantee. In a Harris Texas Royalty Deed with Limited Warranty, the seller, known as the granter, guarantees that they have the legal right to transfer the mineral rights and that the property is free from any encumbrances during their ownership. However, the granter does not provide any warranty against any potential defects or claims that may arise before their ownership. This means that the granter does not guarantee the validity of the titles or the condition of the property beyond their own period of ownership. It is important to note that there are different types of Harris Texas Royalty Deeds with Limited Warranty, depending on the specific circumstances and requirements of the transaction. These variations include: 1. Mineral Deeds: This type of deed exclusively transfers the ownership of the mineral rights, while excluding any other rights associated with the property such as surface rights or water rights. 2. Surface and Mineral Deeds: This variation of the deed transfers both the ownership of the mineral rights and the associated surface rights. It is commonly used when the granter wants to convey both types of rights to the grantee. 3. General Warranty Royalty Deeds: This type of deed offers a more comprehensive warranty compared to the limited warranty deed. It provides the grantee with greater protection by guaranteeing the title against any defects or claims arising before and during the granter's ownership. When entering into a transaction involving a Harris Texas Royalty Deed with Limited Warranty, it is essential to seek legal advice from a qualified attorney who specializes in real estate and oil and gas law. An attorney can guide both the buyer and the seller through the complexities of the transaction, ensuring that all legal requirements are met and providing necessary protection for all parties involved.

A Harris Texas Royalty Deed with Limited Warranty is a legal document that transfers the ownership of mineral rights from one party to another in the state of Texas. This type of deed is commonly used in the oil and gas industry and is designed to provide limited protection to the buyer or grantee. In a Harris Texas Royalty Deed with Limited Warranty, the seller, known as the granter, guarantees that they have the legal right to transfer the mineral rights and that the property is free from any encumbrances during their ownership. However, the granter does not provide any warranty against any potential defects or claims that may arise before their ownership. This means that the granter does not guarantee the validity of the titles or the condition of the property beyond their own period of ownership. It is important to note that there are different types of Harris Texas Royalty Deeds with Limited Warranty, depending on the specific circumstances and requirements of the transaction. These variations include: 1. Mineral Deeds: This type of deed exclusively transfers the ownership of the mineral rights, while excluding any other rights associated with the property such as surface rights or water rights. 2. Surface and Mineral Deeds: This variation of the deed transfers both the ownership of the mineral rights and the associated surface rights. It is commonly used when the granter wants to convey both types of rights to the grantee. 3. General Warranty Royalty Deeds: This type of deed offers a more comprehensive warranty compared to the limited warranty deed. It provides the grantee with greater protection by guaranteeing the title against any defects or claims arising before and during the granter's ownership. When entering into a transaction involving a Harris Texas Royalty Deed with Limited Warranty, it is essential to seek legal advice from a qualified attorney who specializes in real estate and oil and gas law. An attorney can guide both the buyer and the seller through the complexities of the transaction, ensuring that all legal requirements are met and providing necessary protection for all parties involved.