Philadelphia Pennsylvania Partition Deed for Mineral / Royalty Interests

Name: Philadelphia Pennsylvania Partition Deed for Mineral / Royalty Interests
Brand: US Legal Forms
Rating: 4.56 (473 reviews)

Category:

Oil Gas and Minerals - Deeds

State:

Multi-State

County:

Philadelphia

Control #:

US-OG-054

Format:

Instant download

Description

If parties, owning undivided interests in lands, desire to partition those interests so that each party owns the entire interest in a particular tract of land, this may be accomplished by a partition deed. This form addresses that situation.

Worksheet - Termination of Employment

View this form

How to fill out Philadelphia Pennsylvania Partition Deed For Mineral / Royalty Interests?

Laws and regulations in every sphere vary from state to state. If you're not a lawyer, it's easy to get lost in a variety of norms when it comes to drafting legal documentation. To avoid high priced legal assistance when preparing the Philadelphia Partition Deed for Mineral / Royalty Interests, you need a verified template legitimate for your county. That's when using the US Legal Forms platform is so beneficial.

US Legal Forms is a trusted by millions online library of more than 85,000 state-specific legal templates. It's an excellent solution for specialists and individuals searching for do-it-yourself templates for various life and business scenarios. All the forms can be used multiple times: once you pick a sample, it remains available in your profile for future use. Therefore, when you have an account with a valid subscription, you can simply log in and re-download the Philadelphia Partition Deed for Mineral / Royalty Interests from the My Forms tab.

For new users, it's necessary to make a couple of more steps to get the Philadelphia Partition Deed for Mineral / Royalty Interests:

Examine the page content to make sure you found the appropriate sample.
Utilize the Preview option or read the form description if available.
Look for another doc if there are inconsistencies with any of your requirements.
Use the Buy Now button to get the template when you find the correct one.
Opt for one of the subscription plans and log in or sign up for an account.
Select how you prefer to pay for your subscription (with a credit card or PayPal).
Pick the format you want to save the document in and click Download.
Complete and sign the template in writing after printing it or do it all electronically.

That's the easiest and most affordable way to get up-to-date templates for any legal reasons. Find them all in clicks and keep your documentation in order with the US Legal Forms!

Form Rating

4.56

Satisfied(473)

Form popularity

FAQ

How to transfer mineral rights in Pennsylvania? A copy of the deed for the site must be obtained from a local courthouse in Pennsylvania by the new owner. Verify that the deed matches the description and that the so-called mineral rights are included in the property deed.

Call the county where the minerals are located and ask how to transfer mineral ownership after death. They will probably advise you to submit a copy of the death certificate, probate documents (if any), and a copy of the will (or affidavit of heirship if there is no will).

A royalty interest is an interest retained in the output of a property when the owner of mineral rights enters into a lease agreement. A royalty interest entitles the mineral rights owner to receive a portion of the minerals produced or a portion of the gross revenue from sold production.

Mineral rights do not necessarily transfer with the property. Typically, a property conveyance (sale) transfers the rights of both the surface land and the minerals underneath until the mineral rights are sold. Mineral rights are conveyed meaning transferred to a new owner through a deed.

Unlike a mineral interest owner, a royalty interest owner does not possess executive rights. In addition, a royalty interest owner does not possess the right to receive lease bonuses, delay rental payments, or shut-in payments.

Mineral rights can be divided by specific mineral commodities. For example, one company can own the mineral rights to coal, while another company owns the oil and gas rights. Consequently, it is important to know which minerals are included in a mineral deed. Some deeds specify that all minerals are included.

If you want to transfer the rights to these minerals to another party, you can do so in a variety of ways: by deed, will, or lease. Before you transfer mineral rights, you should confirm that you own the rights that you seek to transfer.

Remember, the property and the mineral rights are two separate entities. You may have inherited the mineral rights, but you need to know who owns the property if you want to drill. The opposite scenario is to check who owns the mineral rights on the property you inherited.

The purpose of a division order is to protect the company paying the royalty (payor) from double liability. If you sign a division order and it turns out that you should have been paid a larger interest than shown on the division order, the company is protected as long as it paid according to the division order.

Interesting Questions

More info

Getting Rid of the Waste: Partitioning the Oil and Gas Estate. 36. Draft a comment and schedule the royalty interests in the life tenant based upon the doctrine.Short title; table of contents. Edging the deed in open court , to be distributed and paid , 16592. Point with scribe filled . United States. Congress.

Philadelphia Pennsylvania Partition Deed for Mineral / Royalty Interests

Description

Related forms

Viewed forms

How to fill out Philadelphia Pennsylvania Partition Deed For Mineral / Royalty Interests?

Show more info

Form Rating

Form popularity

FAQ

How do I transfer mineral rights in PA?

How do you transfer inherited mineral rights in Texas?

What is a mineral royalty interest?

What does it mean when mineral rights do not transfer?

What is the difference between royalty and mineral interest?

How do you divide mineral rights?

What are the methods of transferring oil and gas rights?

Are mineral rights inherited?

What is the purpose of a division order?

Interesting Questions

What is a Philadelphia Partition Deed for Mineral/Royalty Interests785462?

Why would I need a Philadelphia Partition Deed for Mineral/Royalty Interests785462?

How does a Philadelphia Partition Deed for Mineral/Royalty Interests785462 work?

What details should be included in a Philadelphia Partition Deed for Mineral/Royalty Interests785462?

Is it necessary to involve a lawyer in the creation of a Philadelphia Partition Deed for Mineral/Royalty Interests785462?

Can a Philadelphia Partition Deed for Mineral/Royalty Interests785462 be modified or revoked?

More info

Trusted and secure by over 3 million people of the world’s leading companies