San Antonio Texas Term Royalty Deed that Terminates Upon Expiration of Lease

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• City: San Antonio
• 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. San Antonio, Texas is a thriving city located in the southern part of the state. Known for its rich history, vibrant culture, and booming economy, San Antonio is a popular destination for tourists and residents alike. When it comes to real estate in San Antonio, one term that may come up is the "Royalty Deed that Terminates Upon Expiration of Lease." This type of deed refers to a legal document that grants certain rights to the holder, specifically related to royalties from oil, gas, or mineral leases. In the context of San Antonio, there are several variations of the Term Royalty Deed that Terminates Upon Expiration of Lease, each with its own specific conditions and provisions. These variations include: 1. Oil Royalty Deed: This type of deed grants the holder a percentage of the proceeds from oil production on a specific property. Upon the expiration of the lease, the deed terminates, and the rights to the royalties are no longer valid. 2. Gas Royalty Deed: Similar to an oil royalty deed, a gas royalty deed grants the holder a percentage of the proceeds from natural gas production on a particular property. Just like the oil royalty deed, this type of deed terminates with the expiration of the lease. 3. Mineral Royalty Deed: This variation of the term royalty deed encompasses rights to royalties from the extraction of various minerals, including but not limited to gold, silver, copper, and others. The deed is terminated upon the expiration of the lease agreement. It's important to note that these term royalty deeds are typically associated with land that has potential for significant oil, gas, or mineral deposits. Investors or individuals who hold these deeds can potentially earn a substantial income from the royalties generated by the production on the leased property. When considering a San Antonio Term Royalty Deed that Terminates Upon Expiration of Lease, it is crucial to thoroughly understand the specific terms, conditions, and legal implications. Consulting a qualified attorney or real estate professional with expertise in these matters is highly advised to ensure a smooth and legally sound transaction. Overall, San Antonio, Texas presents a unique opportunity for individuals interested in investing in term royalty deeds that terminate upon the expiration of a lease. The city's energy-rich surroundings and favorable economic conditions make it an attractive destination for those looking to secure royalties from oil, gas, or mineral production.

San Antonio, Texas is a thriving city located in the southern part of the state. Known for its rich history, vibrant culture, and booming economy, San Antonio is a popular destination for tourists and residents alike. When it comes to real estate in San Antonio, one term that may come up is the "Royalty Deed that Terminates Upon Expiration of Lease." This type of deed refers to a legal document that grants certain rights to the holder, specifically related to royalties from oil, gas, or mineral leases. In the context of San Antonio, there are several variations of the Term Royalty Deed that Terminates Upon Expiration of Lease, each with its own specific conditions and provisions. These variations include: 1. Oil Royalty Deed: This type of deed grants the holder a percentage of the proceeds from oil production on a specific property. Upon the expiration of the lease, the deed terminates, and the rights to the royalties are no longer valid. 2. Gas Royalty Deed: Similar to an oil royalty deed, a gas royalty deed grants the holder a percentage of the proceeds from natural gas production on a particular property. Just like the oil royalty deed, this type of deed terminates with the expiration of the lease. 3. Mineral Royalty Deed: This variation of the term royalty deed encompasses rights to royalties from the extraction of various minerals, including but not limited to gold, silver, copper, and others. The deed is terminated upon the expiration of the lease agreement. It's important to note that these term royalty deeds are typically associated with land that has potential for significant oil, gas, or mineral deposits. Investors or individuals who hold these deeds can potentially earn a substantial income from the royalties generated by the production on the leased property. When considering a San Antonio Term Royalty Deed that Terminates Upon Expiration of Lease, it is crucial to thoroughly understand the specific terms, conditions, and legal implications. Consulting a qualified attorney or real estate professional with expertise in these matters is highly advised to ensure a smooth and legally sound transaction. Overall, San Antonio, Texas presents a unique opportunity for individuals interested in investing in term royalty deeds that terminate upon the expiration of a lease. The city's energy-rich surroundings and favorable economic conditions make it an attractive destination for those looking to secure royalties from oil, gas, or mineral production.