Travis Texas Royalty Deed with Limited Warranty is a legal document used in real estate transactions involving the transfer of mineral rights or oil and gas royalties in Travis County, Texas. This type of deed provides limited protection to the grantee against any defects in title that may have occurred during the granter's ownership of the property. The Travis Texas Royalty Deed with Limited Warranty ensures that the granter (seller) warrants that they have done nothing to impede or encumber the grantee's (buyer) ownership rights to the mineral rights or royalties being transferred. However, this type of deed does not provide as strong a guarantee of the grantee's ownership as a general warranty deed. Some variations or types of Travis Texas Royalty Deed with Limited Warranty may include: 1. Oil and Gas Royalty Deed: This type of limited warranty deed specifically relates to the transfer of oil and gas rights, royalties, or leases in Travis County, Texas. It protects the grantee's interest in the royalties and ensures there are no undisclosed or outstanding claims on the property. 2. Mineral Rights Deed: Similar to the oil and gas royalty deed, this limited warranty deed focuses solely on the transfer of mineral rights. It guarantees that the granter has the legal authority to sell or assign the mineral rights and that no encumbrances or competing claims exist. 3. Limited Warranty Deed for Specific Tracts: This variation of the Travis Texas Royalty Deed with Limited Warranty is used when the transfer is limited to specific tracts of land within Travis County. It outlines the boundaries and legal descriptions of the tracts being transferred, providing clarity and reducing potential disputes. 4. Limited Warranty Deed with Time Limitations: In some cases, the granter may include specific time limitations in the warranty deed. This means that the limited warranty provided by the granter only extends to defects that occurred during a specified period, relieving the granter from liability for any future claims or title issues. It is crucial for both parties involved in the transfer of mineral rights or royalties to carefully review and understand the terms outlined in the Travis Texas Royalty Deed with Limited Warranty. Consulting with an experienced real estate attorney is recommended to ensure compliance with local laws and regulations and to protect the interests of both the granter and grantee.
Travis Texas Royalty Deed with Limited Warranty
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