San Diego California Royalty Deed with Limited Warranty is a legal document used in real estate transactions specifically related to the transfer of royalties for oil, gas, or mineral rights in San Diego County, California. This type of deed is commonly used in situations where the granter (seller) wants to transfer their ownership or partial ownership of royalties to the grantee (buyer). The Royalty Deed with Limited Warranty provides the grantee with a limited level of assurance about the ownership and validity of the transferred royalties. While it guarantees that the granter has the lawful authority to transfer the royalties, it does not provide any guarantees regarding the potential existence of other claims or liens on the property. The key purpose of this type of deed is to protect the grantee against any prior claims or encumbrances on the royalties and to ensure that the granter possesses the right to transfer ownership. However, unlike a General Warranty Deed, the Limited Warranty Deed does not offer the same level of protection to the grantee against third-party claims. In San Diego County, there are various types of Royalty Deeds with Limited Warranty, including: 1. Oil Royalty Deed with Limited Warranty: This type of deed specifically transfers ownership or partial ownership of royalties related to oil extraction rights in San Diego County, California. It is commonly used when selling oil drilling rights or transferring royalty interests. 2. Gas Royalty Deed with Limited Warranty: This particular deed is utilized when transferring ownership or partial ownership of royalties for gas extraction rights in San Diego County. It is commonly used when selling gas drilling rights or transferring royalty interests. 3. Mineral Royalty Deed with Limited Warranty: This deed is employed in cases where the granter intends to transfer ownership or partial ownership of royalties related to mineral extraction rights, including but not limited to minerals such as gold, silver, copper, or any other valuable minerals found within San Diego County. To execute a San Diego California Royalty Deed with Limited Warranty, it is crucial to consult with a qualified real estate attorney or obtain assistance from a reputable title company. They will ensure that the deed is properly drafted, signed, and recorded in compliance with local laws and regulations. Conducting a thorough title search before finalizing the transaction is also highly recommended identifying any potential claims or liens on the property.
San Diego California Royalty Deed with Limited Warranty
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