A Tarrant Texas Royalty Deed with Limited Warranty is a legal document that transfers ownership of a specific type of property known as mineral rights or mineral interest to an individual or entity. This type of deed is commonly used in Texas, specifically in Tarrant County, to establish and protect ownership rights to royalties generated from oil, gas, and other mineral resources found on the property. The Tarrant Texas Royalty Deed with Limited Warranty outlines the rights and responsibilities of both the granter (seller) and grantee (buyer) in the transfer of these mineral rights. It confirms that the granter is the legal owner of the property and possesses the rights to convey those ownership rights. Additionally, it assures the grantee that the property is free from any encumbrances, except those specified in the deed. The limited warranty aspect of the deed means that the granter is only guaranteeing the title to the mineral rights during their ownership period and will not be held responsible for any defects or claims arising from previous owners. This protects the granter from potential liabilities and allows them to transfer the rights to the grantee with limited assurances of title. Different types of Tarrant Texas Royalty Deeds with Limited Warranty may exist based on specific circumstances or variations in the language used within the deed. These variations might include: 1. Tarrant Texas Royalty Deed with Limited Warranty — Oil Only: This type of deed specifically transfers the mineral rights related only to oil resources found on the property. It excludes the transfer of gas or other mineral rights. 2. Tarrant Texas Royalty Deed with Limited Warranty — Gas Only: Similar to the previous type, this deed transfers only the mineral rights related to gas resources found on the property, excluding oil or other minerals. 3. Tarrant Texas Royalty Deed with Limited Warranty — Oil and Gas: This type of deed transfers both the oil and gas rights of the property, offering a comprehensive transfer of mineral rights ownership. It is important to consult with a qualified attorney or real estate professional when considering the transfer or acquisition of mineral rights using a Tarrant Texas Royalty Deed with Limited Warranty. This ensures that all legal requirements and considerations are met, providing clarity and protection for both parties involved in the transaction.
Tarrant Texas Royalty Deed with Limited Warranty
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