Kings New York Term Nonparticipating Royalty Deed from Mineral Owner

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• County: Kings
• Control #: US-OG-044
• Format: Word; Rich Text

Description

This form provides for a conveyance of a royalty interest, for a term, by a mineral owner grantor. The Kings New York Term Nonparticipating Royalty Deed from Mineral Owner is a legal document used in the state of New York to transfer the rights of mineral ownership. This type of deed specifically addresses the nonparticipating royalty interests of the mineral owner. A nonparticipating royalty interest refers to the rights held by the owner of the minerals to receive royalty payments, but without the ability to participate in the actual exploration and extraction activities on the property. This means that the mineral owner will not have any control over the operations or decisions made by the lessee or operator. The Kings New York Term Nonparticipating Royalty Deed from Mineral Owner is executed for a specific term, which can vary depending on the agreement between the parties involved. During this term, the mineral owner will be entitled to receive royalty payments based on the production and sale of minerals from the property. Some relevant keywords for the Kings New York Term Nonparticipating Royalty Deed from Mineral Owner include: 1. Mineral ownership transfer: This deed allows the mineral owner to transfer their nonparticipating royalty interests to another party. 2. Nonparticipating royalty interest: Refers to the rights held by the mineral owner to receive royalty payments without participating in the extraction activities. 3. Exploration and extraction activities: The operational activities involved in searching for and extracting minerals from the property. 4. Lessee or operator: The party who is authorized to explore and extract minerals from the property, often referred to as the lessee or operator. 5. Term of the deed: Specifies the duration for which the nonparticipating royalty deed will be valid and in effect. 6. Royalty payments: The compensation received by the mineral owner based on the production and sale of minerals from the property. 7. New York state laws: The legal framework and regulations governing mineral ownership and nonparticipating royalty interests in New York. 8. Agreement between parties: The terms and conditions agreed upon by both the mineral owner and the transferee regarding the nonparticipating royalty interests. Different types of Kings New York Term Nonparticipating Royalty Deeds from Mineral Owners may include variations in terms and conditions such as the duration of the term, percentage of royalty payments, and specific rights and restrictions imposed on the transferee. It is crucial to consult legal professionals and reference the specific deed to determine any unique characteristics or variations.

The Kings New York Term Nonparticipating Royalty Deed from Mineral Owner is a legal document used in the state of New York to transfer the rights of mineral ownership. This type of deed specifically addresses the nonparticipating royalty interests of the mineral owner. A nonparticipating royalty interest refers to the rights held by the owner of the minerals to receive royalty payments, but without the ability to participate in the actual exploration and extraction activities on the property. This means that the mineral owner will not have any control over the operations or decisions made by the lessee or operator. The Kings New York Term Nonparticipating Royalty Deed from Mineral Owner is executed for a specific term, which can vary depending on the agreement between the parties involved. During this term, the mineral owner will be entitled to receive royalty payments based on the production and sale of minerals from the property. Some relevant keywords for the Kings New York Term Nonparticipating Royalty Deed from Mineral Owner include: 1. Mineral ownership transfer: This deed allows the mineral owner to transfer their nonparticipating royalty interests to another party. 2. Nonparticipating royalty interest: Refers to the rights held by the mineral owner to receive royalty payments without participating in the extraction activities. 3. Exploration and extraction activities: The operational activities involved in searching for and extracting minerals from the property. 4. Lessee or operator: The party who is authorized to explore and extract minerals from the property, often referred to as the lessee or operator. 5. Term of the deed: Specifies the duration for which the nonparticipating royalty deed will be valid and in effect. 6. Royalty payments: The compensation received by the mineral owner based on the production and sale of minerals from the property. 7. New York state laws: The legal framework and regulations governing mineral ownership and nonparticipating royalty interests in New York. 8. Agreement between parties: The terms and conditions agreed upon by both the mineral owner and the transferee regarding the nonparticipating royalty interests. Different types of Kings New York Term Nonparticipating Royalty Deeds from Mineral Owners may include variations in terms and conditions such as the duration of the term, percentage of royalty payments, and specific rights and restrictions imposed on the transferee. It is crucial to consult legal professionals and reference the specific deed to determine any unique characteristics or variations.