Mecklenburg North Carolina Royalty Deed with Limited Warranty

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

Description

This form conveys a royalty interest with a limited warranty. Mecklenburg County, located in North Carolina, has a specific type of property transfer document known as the Mecklenburg North Carolina Royalty Deed with Limited Warranty. This deed is commonly used when transferring property rights, particularly in relation to oil, gas, or mineral royalties. It provides certain assurances to the buyer (grantee) regarding the ownership and transferability of these rights, while limiting the seller's (granter's) liability. The Mecklenburg North Carolina Royalty Deed with Limited Warranty is a legally binding contract that ensures the granter possesses the right to sell the royalties attached to a specific property within Mecklenburg County. By using this deed, the granter acknowledges that they have not encumbered or transferred these rights to any other party, except as specifically mentioned in the deed. One of the key features of this deed is the limited warranty. This means that the granter guarantees the title only against claims that may arise during their ownership period and not against any claims that may have originated before their ownership. This limited warranty provides some level of protection to the grantee, but it is not as comprehensive as a general warranty deed. There may be different variations or sub-types of the Mecklenburg North Carolina Royalty Deed with Limited Warranty based on specific circumstances. For instance, there could be a "Mineral Royalty Deed with Limited Warranty," which is used exclusively for transferring mineral rights. Alternatively, there might be an "Oil and Gas Royalty Deed with Limited Warranty," which specifically applies to oil and gas royalties. These sub-types ensure a more precise transfer of rights, tailored to the specific resources involved. It is important to note that any Mecklenburg North Carolina Royalty Deed with Limited Warranty should adhere to the legal requirements set forth by the state of North Carolina to ensure its validity. It is recommended to consult an attorney or a qualified real estate professional when drafting or executing such a deed, as they can provide invaluable guidance tailored to specific situations. In conclusion, the Mecklenburg North Carolina Royalty Deed with Limited Warranty is a specialized property transfer document used in Mecklenburg County for the transfer of royalty rights related to oil, gas, or minerals. It offers a limited warranty regarding the granter's ownership and transferability of these rights, providing some degree of protection to the grantee. Different variations of this deed may exist, such as the Mineral Royalty Deed with Limited Warranty or Oil and Gas Royalty Deed with Limited Warranty, to address specific resource types.

Mecklenburg County, located in North Carolina, has a specific type of property transfer document known as the Mecklenburg North Carolina Royalty Deed with Limited Warranty. This deed is commonly used when transferring property rights, particularly in relation to oil, gas, or mineral royalties. It provides certain assurances to the buyer (grantee) regarding the ownership and transferability of these rights, while limiting the seller's (granter's) liability. The Mecklenburg North Carolina Royalty Deed with Limited Warranty is a legally binding contract that ensures the granter possesses the right to sell the royalties attached to a specific property within Mecklenburg County. By using this deed, the granter acknowledges that they have not encumbered or transferred these rights to any other party, except as specifically mentioned in the deed. One of the key features of this deed is the limited warranty. This means that the granter guarantees the title only against claims that may arise during their ownership period and not against any claims that may have originated before their ownership. This limited warranty provides some level of protection to the grantee, but it is not as comprehensive as a general warranty deed. There may be different variations or sub-types of the Mecklenburg North Carolina Royalty Deed with Limited Warranty based on specific circumstances. For instance, there could be a "Mineral Royalty Deed with Limited Warranty," which is used exclusively for transferring mineral rights. Alternatively, there might be an "Oil and Gas Royalty Deed with Limited Warranty," which specifically applies to oil and gas royalties. These sub-types ensure a more precise transfer of rights, tailored to the specific resources involved. It is important to note that any Mecklenburg North Carolina Royalty Deed with Limited Warranty should adhere to the legal requirements set forth by the state of North Carolina to ensure its validity. It is recommended to consult an attorney or a qualified real estate professional when drafting or executing such a deed, as they can provide invaluable guidance tailored to specific situations. In conclusion, the Mecklenburg North Carolina Royalty Deed with Limited Warranty is a specialized property transfer document used in Mecklenburg County for the transfer of royalty rights related to oil, gas, or minerals. It offers a limited warranty regarding the granter's ownership and transferability of these rights, providing some degree of protection to the grantee. Different variations of this deed may exist, such as the Mineral Royalty Deed with Limited Warranty or Oil and Gas Royalty Deed with Limited Warranty, to address specific resource types.