Fulton Georgia Term Royalty Deed that Terminates Upon Expiration of Lease

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• County: Fulton
• 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. Fulton County in Georgia is known for its unique real estate laws and terminologies, one of which is the Fulton Georgia Term Royalty Deed that Terminates Upon Expiration of Lease. This type of deed is commonly utilized in situations where a property owner wants to grant someone else the rights to receive royalties from any minerals or natural resources found on the land while the lease is in effect. The Fulton Georgia Term Royalty Deed that Terminates Upon Expiration of Lease is specifically designed to automatically terminate upon the expiration of the lease agreement. This means that the grantee's royalty rights will only remain in effect while the lease is active. Once the lease is over, the deed becomes null and void. There are two primary types of the Fulton Georgia Term Royalty Deed that Terminates Upon Expiration of Lease: 1. Oil and Gas Royalty Deed: This type of term royalty deed is commonly used in situations where the landowner wants to grant the rights to royalties from oil and gas extraction on the property. It allows the grantee to collect a percentage of the profits generated from the extraction activities during the lease term. 2. Mineral Royalty Deed: Similar to the oil and gas royalty deed, this term royalty deed is used when the landowner wants to grant the rights to royalties from the extraction of other minerals such as coal, iron ore, or precious metals. The grantee is entitled to a specified percentage of the revenue generated from the mineral extraction as stated in the deed. It's important to note that these Fulton Georgia Term Royalty Deeds are legally-binding documents that should be executed with the assistance of legal professionals. They provide a clear understanding of the rights and obligations of both the landowner and the grantee, ensuring a fair and transparent arrangement. In summary, the Fulton Georgia Term Royalty Deed that Terminates Upon Expiration of Lease is a specialized legal instrument that grants royalty rights to a party during the term of a lease agreement. This type of deed automatically terminates once the lease expires and involves two main types: oil and gas royalty deed and mineral royalty deed.

Fulton County in Georgia is known for its unique real estate laws and terminologies, one of which is the Fulton Georgia Term Royalty Deed that Terminates Upon Expiration of Lease. This type of deed is commonly utilized in situations where a property owner wants to grant someone else the rights to receive royalties from any minerals or natural resources found on the land while the lease is in effect. The Fulton Georgia Term Royalty Deed that Terminates Upon Expiration of Lease is specifically designed to automatically terminate upon the expiration of the lease agreement. This means that the grantee's royalty rights will only remain in effect while the lease is active. Once the lease is over, the deed becomes null and void. There are two primary types of the Fulton Georgia Term Royalty Deed that Terminates Upon Expiration of Lease: 1. Oil and Gas Royalty Deed: This type of term royalty deed is commonly used in situations where the landowner wants to grant the rights to royalties from oil and gas extraction on the property. It allows the grantee to collect a percentage of the profits generated from the extraction activities during the lease term. 2. Mineral Royalty Deed: Similar to the oil and gas royalty deed, this term royalty deed is used when the landowner wants to grant the rights to royalties from the extraction of other minerals such as coal, iron ore, or precious metals. The grantee is entitled to a specified percentage of the revenue generated from the mineral extraction as stated in the deed. It's important to note that these Fulton Georgia Term Royalty Deeds are legally-binding documents that should be executed with the assistance of legal professionals. They provide a clear understanding of the rights and obligations of both the landowner and the grantee, ensuring a fair and transparent arrangement. In summary, the Fulton Georgia Term Royalty Deed that Terminates Upon Expiration of Lease is a specialized legal instrument that grants royalty rights to a party during the term of a lease agreement. This type of deed automatically terminates once the lease expires and involves two main types: oil and gas royalty deed and mineral royalty deed.