Phoenix Arizona Royalty Deed with Limited Warranty is a legal document that transfers ownership rights and royalties associated with mineral rights in the State of Arizona. This type of deed is commonly used in transactions involving the sale or transfer of oil, gas, and other mineral interests. The Phoenix Arizona Royalty Deed with Limited Warranty provides a limited guarantee by the granter (seller) that they have not done anything to impair the title or royalty interests being conveyed. This means that the granter assures the buyer that they have valid ownership rights to the mineral interests being transferred, but they do not warrant against any defects in title that may have existed prior to their ownership. There are different types of Royalty Deeds with Limited Warranty in Phoenix, Arizona, based on the specific mineral interests being conveyed. These include: 1. Oil Royalty Deed with Limited Warranty: This type of deed is used specifically for the transfer of ownership rights and royalties related to oil interests in Phoenix, Arizona. It ensures that the buyer receives the oil royalties associated with the property, subject to certain limitations. 2. Gas Royalty Deed with Limited Warranty: Similar to the oil royalty deed, this document pertains to the transfer of gas ownership rights and royalties in Phoenix, Arizona. It guarantees the buyer's entitlement to the gas royalties associated with the property, within the parameters outlined in the deed. 3. Mineral Royalty Deed with Limited Warranty: This type of deed covers the transfer of overall mineral rights and royalties in Phoenix, Arizona. It allows the buyer to receive royalty payments from various minerals extracted from the property, such as oil, gas, coal, or other minerals. In summary, the Phoenix Arizona Royalty Deed with Limited Warranty is a legal tool utilized in the transfer of mineral ownership rights and royalties. It ensures the buyer's entitlement to receive royalties, subject to the limitations outlined in the specific type of royalty deed, be it oil, gas, or minerals.