Harris Texas Term Royalty Deed that Terminates Upon Expiration of Lease

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• County: Harris
• 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. The Harris Texas Term Royalty Deed that Terminates Upon Expiration of Lease is a legal document that outlines the rights and obligations of both the lessor and the lessee in relation to the ownership and usage of mineral rights in Harris County, Texas. This type of deed specifically addresses the termination of the royalty deed upon the expiration of the lease agreement. The Harris Texas Term Royalty Deed serves as a legal instrument to transfer ownership of mineral rights from the lessor, who is the original owner of the property, to the lessee, who is typically an oil or gas exploration company. The deed includes detailed information about the property, such as its location, legal description, and any specific conditions or provisions that may apply. The termination of the royalty deed upon the expiration of the lease is a key feature of this type of agreement. Once the lease term has come to an end, the lessee's rights to explore and extract minerals from the property also cease. Consequently, the ownership of the mineral rights reverts to the lessor. It's important to note that there may be different types of Harris Texas Term Royalty Deeds that Terminates Upon Expiration of Lease, including: 1. Oil and Gas Royalty Deed: This type of deed specifically pertains to the extraction of oil and gas resources from the land. It outlines the rights of the lessee to explore, produce, and sell these resources during the lease term, as well as the conditions under which the royalty deed terminates upon lease expiration. 2. Mineral Royalty Deed: This type of deed encompasses a broader range of minerals, including not only oil and gas but also various other valuable minerals found on the property. The details of the termination clause would still be included in this type of royalty deed. 3. Surface Use Royalty Deed: In some cases, the lessee may also require permission to use the surface of the property for various activities related to exploration and extraction. This type of deed addresses the rights and restrictions imposed on the lessee for surface use during the lease term, with a termination clause upon lease expiration. In conclusion, the Harris Texas Term Royalty Deed that Terminates Upon Expiration of Lease is a legal document that outlines the rights and responsibilities of both the lessor and the lessee regarding the ownership and usage of mineral rights. It includes specific provisions for termination upon the expiration of the lease agreement. Different types of royalty deeds may exist depending on the specific resources being extracted and any surface use requirements.

The Harris Texas Term Royalty Deed that Terminates Upon Expiration of Lease is a legal document that outlines the rights and obligations of both the lessor and the lessee in relation to the ownership and usage of mineral rights in Harris County, Texas. This type of deed specifically addresses the termination of the royalty deed upon the expiration of the lease agreement. The Harris Texas Term Royalty Deed serves as a legal instrument to transfer ownership of mineral rights from the lessor, who is the original owner of the property, to the lessee, who is typically an oil or gas exploration company. The deed includes detailed information about the property, such as its location, legal description, and any specific conditions or provisions that may apply. The termination of the royalty deed upon the expiration of the lease is a key feature of this type of agreement. Once the lease term has come to an end, the lessee's rights to explore and extract minerals from the property also cease. Consequently, the ownership of the mineral rights reverts to the lessor. It's important to note that there may be different types of Harris Texas Term Royalty Deeds that Terminates Upon Expiration of Lease, including: 1. Oil and Gas Royalty Deed: This type of deed specifically pertains to the extraction of oil and gas resources from the land. It outlines the rights of the lessee to explore, produce, and sell these resources during the lease term, as well as the conditions under which the royalty deed terminates upon lease expiration. 2. Mineral Royalty Deed: This type of deed encompasses a broader range of minerals, including not only oil and gas but also various other valuable minerals found on the property. The details of the termination clause would still be included in this type of royalty deed. 3. Surface Use Royalty Deed: In some cases, the lessee may also require permission to use the surface of the property for various activities related to exploration and extraction. This type of deed addresses the rights and restrictions imposed on the lessee for surface use during the lease term, with a termination clause upon lease expiration. In conclusion, the Harris Texas Term Royalty Deed that Terminates Upon Expiration of Lease is a legal document that outlines the rights and responsibilities of both the lessor and the lessee regarding the ownership and usage of mineral rights. It includes specific provisions for termination upon the expiration of the lease agreement. Different types of royalty deeds may exist depending on the specific resources being extracted and any surface use requirements.