Broward Florida Term Royalty Deed that Terminates Upon Expiration of Lease

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• County: Broward
• Control #: US-OG-046
• Format: Word; Rich Text

Description

This form provides for a conveyance of royalty for a limited period of time. The interest conveyed terminates and reverts to the Grantor when the identified oil and gas lease terminates. Broward Florida Term Royalty Deed that Terminates Upon Expiration of Lease is a legal document specific to Broward County in Florida that pertains to the rights and obligations of parties involved in a lease agreement. This type of deed is commonly used in the context of oil, gas, or mineral rights leases. The Broward Florida Term Royalty Deed grants the lessee the exclusive right to extract and benefit from any natural resources present on the leased property for a specified period of time. The deed specifies the exact terms under which the lessee can explore and exploit the resources, including the royalty payments to be made to the lessor. What sets the Broward Florida Term Royalty Deed apart is that it includes a termination clause that automatically ends the agreement upon the expiration of the lease term. This means that the lessee's rights and access to the resources will terminate, and the lessor will regain full control and ownership of the property. There are various types of Term Royalty Deeds that fall under the Broward Florida jurisdiction. These include: 1. Oil Royalty Deed: This type of deed is specifically used when granting rights to extract and benefit from oil resources present on the leased property. It outlines the terms and conditions for royalties to be paid to the lessor upon extraction and production. 2. Gas Royalty Deed: Similar to the Oil Royalty Deed, this document is used for granting rights to extract and benefit from natural gas resources. It provides details on the royalties to be paid based on the quantity and sale price of the extracted gas. 3. Mineral Royalty Deed: This deed is utilized when the underlying resources are minerals other than oil or gas. It covers the rights and obligations pertaining to the extraction, refinement, and royalties associated with various minerals. In conclusion, a Broward Florida Term Royalty Deed that Terminates Upon Expiration of Lease is a legally binding document specific to Broward County, Florida, that grants the lessee exclusive rights to exploit natural resources on a leased property. It features a termination clause which automatically ends the lease agreement upon expiration, reverting control and ownership back to the lessor. Different types of Broward Florida Term Royalty Deeds include those specific to oil, gas, and mineral rights leases.

Broward Florida Term Royalty Deed that Terminates Upon Expiration of Lease is a legal document specific to Broward County in Florida that pertains to the rights and obligations of parties involved in a lease agreement. This type of deed is commonly used in the context of oil, gas, or mineral rights leases. The Broward Florida Term Royalty Deed grants the lessee the exclusive right to extract and benefit from any natural resources present on the leased property for a specified period of time. The deed specifies the exact terms under which the lessee can explore and exploit the resources, including the royalty payments to be made to the lessor. What sets the Broward Florida Term Royalty Deed apart is that it includes a termination clause that automatically ends the agreement upon the expiration of the lease term. This means that the lessee's rights and access to the resources will terminate, and the lessor will regain full control and ownership of the property. There are various types of Term Royalty Deeds that fall under the Broward Florida jurisdiction. These include: 1. Oil Royalty Deed: This type of deed is specifically used when granting rights to extract and benefit from oil resources present on the leased property. It outlines the terms and conditions for royalties to be paid to the lessor upon extraction and production. 2. Gas Royalty Deed: Similar to the Oil Royalty Deed, this document is used for granting rights to extract and benefit from natural gas resources. It provides details on the royalties to be paid based on the quantity and sale price of the extracted gas. 3. Mineral Royalty Deed: This deed is utilized when the underlying resources are minerals other than oil or gas. It covers the rights and obligations pertaining to the extraction, refinement, and royalties associated with various minerals. In conclusion, a Broward Florida Term Royalty Deed that Terminates Upon Expiration of Lease is a legally binding document specific to Broward County, Florida, that grants the lessee exclusive rights to exploit natural resources on a leased property. It features a termination clause which automatically ends the lease agreement upon expiration, reverting control and ownership back to the lessor. Different types of Broward Florida Term Royalty Deeds include those specific to oil, gas, and mineral rights leases.