Wake North Carolina Royalty Deed with Limited Warranty

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

Description

This form conveys a royalty interest with a limited warranty. A Wake North Carolina Royalty Deed with Limited Warranty is a legal document that transfers ownership or interest in mineral rights from one party to another, specifically in the Wake County area of North Carolina. This type of deed provides a limited warranty, which means that the granter guarantees that they have not done anything to encumber or limit the grantee's interest in the property except as specifically outlined in the deed. Keywords: Wake North Carolina, Royalty Deed, Limited Warranty, mineral rights, transfer of ownership, encumbrance. There are two primary types of Wake North Carolina Royalty Deeds with Limited Warranty: 1. Oil and Gas Royalty Deed with Limited Warranty: This type of deed transfers the ownership and rights to any oil and gas reserves located on the property. It ensures that the grantee has the sole authority to exploit the oil and gas resources, while the granter guarantees that there are no known encumbrances or limitations to the ownership and rights, except as disclosed in the deed. 2. Mineral Royalty Deed with Limited Warranty: This type of deed relates to the ownership and transfer of rights regarding various minerals found on the property, such as coal, gold, limestone, or other valuable substances. The granter guarantees that they have not done anything to limit the grantee's ownership or rights to the minerals, except as stated in the deed. It's important to understand that a Wake North Carolina Royalty Deed with Limited Warranty is primarily focused on the transfer and ownership of mineral rights. The limited warranty aspect ensures that the granter takes responsibility for any title defects arising from their actions, but only in relation to the restrictions disclosed in the deed. However, it does not provide a fully comprehensive guarantee of the title's validity or protect against unknown encumbrances or third-party claims. When engaging in a property transaction involving mineral rights in Wake County, North Carolina, it is advisable to consult with a professional real estate attorney or specialist who can provide expert guidance to ensure a smooth transfer process and protect the interests of both parties involved.

A Wake North Carolina Royalty Deed with Limited Warranty is a legal document that transfers ownership or interest in mineral rights from one party to another, specifically in the Wake County area of North Carolina. This type of deed provides a limited warranty, which means that the granter guarantees that they have not done anything to encumber or limit the grantee's interest in the property except as specifically outlined in the deed. Keywords: Wake North Carolina, Royalty Deed, Limited Warranty, mineral rights, transfer of ownership, encumbrance. There are two primary types of Wake North Carolina Royalty Deeds with Limited Warranty: 1. Oil and Gas Royalty Deed with Limited Warranty: This type of deed transfers the ownership and rights to any oil and gas reserves located on the property. It ensures that the grantee has the sole authority to exploit the oil and gas resources, while the granter guarantees that there are no known encumbrances or limitations to the ownership and rights, except as disclosed in the deed. 2. Mineral Royalty Deed with Limited Warranty: This type of deed relates to the ownership and transfer of rights regarding various minerals found on the property, such as coal, gold, limestone, or other valuable substances. The granter guarantees that they have not done anything to limit the grantee's ownership or rights to the minerals, except as stated in the deed. It's important to understand that a Wake North Carolina Royalty Deed with Limited Warranty is primarily focused on the transfer and ownership of mineral rights. The limited warranty aspect ensures that the granter takes responsibility for any title defects arising from their actions, but only in relation to the restrictions disclosed in the deed. However, it does not provide a fully comprehensive guarantee of the title's validity or protect against unknown encumbrances or third-party claims. When engaging in a property transaction involving mineral rights in Wake County, North Carolina, it is advisable to consult with a professional real estate attorney or specialist who can provide expert guidance to ensure a smooth transfer process and protect the interests of both parties involved.