Collin Texas Mineral Deed with Limited Warranty is a legal document that transfers the ownership of mineral rights from one party to another in Collin County, Texas. A mineral deed is specifically used to convey mineral interests such as oil, gas, coal, or other resources located beneath the surface of the property. A Collin Texas Mineral Deed with Limited Warranty provides the seller, also known as the granter, limited assurances regarding the mineral rights being transferred. These limited warranties protect the buyer, also known as the grantee, against any claims or encumbrances on the property that may arise during the period of the granter's ownership. However, it does not provide a complete guarantee of ownership. The use of the terms "limited warranty" in the mineral deed indicates that the granter will defend the title against any claims made by them or their heirs, but not against claims made by others. This means that if any third-party claims arise, the grantee may not hold the granter liable for any losses incurred. It's important to note that there may be different types of Collin Texas Mineral Deeds with Limited Warranty, depending on the specific circumstances or the parties involved. Some variations may include: 1. Collin Texas Mineral Deed with Limited Warranty (Individual to Individual): This type of mineral deed is used when an individual granter is transferring mineral rights to another individual grantee. It ensures limited protection for the grantee against claims made by the granter or their heirs. 2. Collin Texas Mineral Deed with Limited Warranty (Company to Individual): This variant of the mineral deed applies when a company or corporation, acting as the granter, transfers mineral rights to an individual grantee. The limited warranty assurances safeguard the grantee only against claims made by the granter or their heirs. 3. Collin Texas Mineral Deed with Limited Warranty (Trust to Individual): A trust may hold mineral rights, and this type of mineral deed is used when the trust, as the granter, transfers those rights to an individual grantee. Similarly, the limited warranty provided protects the grantee against claims made by the granter or their heirs but not against claims by third parties. In conclusion, Collin Texas Mineral Deed with Limited Warranty is a legal document used to transfer mineral rights in Collin County, Texas. It offers limited assurances regarding the title, protecting the grantee against claims or encumbrances made by the granter or their heirs. Different variations of this type of deed may exist depending on the parties involved, such as individual to individual, company to individual, or trust to individual transfers.
Collin Texas Mineral Deed with Limited Warranty
Description
How to fill out Collin Texas Mineral Deed With Limited Warranty?
Creating legal forms is a necessity in today's world. Nevertheless, you don't always need to seek qualified assistance to create some of them from the ground up, including Collin Mineral Deed with Limited Warranty, with a service like US Legal Forms.
US Legal Forms has over 85,000 forms to choose from in different types varying from living wills to real estate papers to divorce papers. All forms are organized according to their valid state, making the searching process less challenging. You can also find information resources and tutorials on the website to make any activities related to paperwork execution simple.
Here's how you can purchase and download Collin Mineral Deed with Limited Warranty.
- Go over the document's preview and outline (if provided) to get a general idea of what you’ll get after downloading the form.
- Ensure that the template of your choice is adapted to your state/county/area since state laws can affect the validity of some records.
- Check the similar document templates or start the search over to find the appropriate file.
- Hit Buy now and register your account. If you already have an existing one, choose to log in.
- Pick the option, then a needed payment gateway, and purchase Collin Mineral Deed with Limited Warranty.
- Select to save the form template in any available format.
- Go to the My Forms tab to re-download the file.
If you're already subscribed to US Legal Forms, you can find the needed Collin Mineral Deed with Limited Warranty, log in to your account, and download it. Of course, our platform can’t replace a lawyer completely. If you have to cope with an extremely difficult case, we advise getting a lawyer to examine your document before signing and filing it.
With over 25 years on the market, US Legal Forms proved to be a go-to platform for various legal forms for millions of customers. Join them today and purchase your state-specific documents effortlessly!
Form popularity
FAQ
(a) All mineral proceeds that are held or owing by the holder and that have remained unclaimed by the owner for longer than three years after they became payable or distributable and the owner's underlying right to receive those mineral proceeds are presumed abandoned.
Transfer by deed. If you want to sell the mineral rights to another person, you can transfer them by deed. You will need to create a mineral deed and have it recorded. You should check with the county Recorder of Deeds in the county where the land is located and ask if a printed mineral deed form is available to use.
As a general rule of thumb, the value for non-producing mineral rights will nearly always be less than $1,000/acre. In most cases, the mineral rights value in Texas for non-producing minerals will be $0 to $250, but producing minerals $25,000+ per acre is not unusual.
(a) All mineral proceeds that are held or owing by the holder and that have remained unclaimed by the owner for longer than three years after they became payable or distributable and the owner's underlying right to receive those mineral proceeds are presumed abandoned.
Transfer by deed: You can sell your mineral rights to another person or company by deed. Transfer by will: You can specify who you want to inherit your mineral rights in your will. Transfer by lease: You can lease mineral rights to a third party through a lease agreement.
Mineral rights in Texas are the rights to mineral deposits that exist under the surface of a parcel of property. This right normally belongs to the owner of the surface estate; however, in Texas those rights can be transferred through sale or lease to a second party.
Even if mineral rights have been previously sold on your property, they could be expired. There is no one answer to how long mineral rights may last. Each mineral rights agreement will have different terms. A mineral rights agreement may range from a few to 20 years.
Transfer Your Mineral Rights Transfer by deed: You can sell your mineral rights to another person or company by deed. Transfer by will: You can specify who you want to inherit your mineral rights in your will. Transfer by lease: You can lease mineral rights to a third party through a lease agreement.
As a general rule of thumb, the value for non-producing mineral rights will nearly always be less than $1,000/acre. In most cases, the mineral rights value in Texas for non-producing minerals will be $0 to $250, but producing minerals $25,000+ per acre is not unusual.
Mineral rights in Texas are the rights to mineral deposits that exist under the surface of a parcel of property. This right normally belongs to the owner of the surface estate; however, in Texas those rights can be transferred through sale or lease to a second party.
More info
A copy of this proposal is available from the Cad. You can also request a copy of this proposal from the Office of Planning, PO Box 2310, Fort Worth, TX 76107. Telephone: (Local), (Toll-free). You can obtain a copy in hard copies at any Land Office and via the Internet at. To request Hard Copy of Plan of Conveyance or Search and Inspection Reports for a specific parcel of property, please contact the Cad. For more comprehensive list of Cad, Plan of Conveyance and Search and Inspection Reports for parcels of property in the State of Texas, please see Table 1.2 and the Cad Data Booklet, located at the Cad Website, at. To request a copy of a specific Cad, Plan of Conveyance or Search and Inspection Report for your parcel of property, please contact the Cad or the Land Office where the property is located with contact information provided in the Cad Web Map, Plan of Conveyance, Search and Inspection Reports and the Cad Data Book.
Disclaimer
The materials in this section are taken from public sources. We disclaim all representations or any warranties, express or implied, as to the accuracy, authenticity, reliability, accessibility, adequacy, or completeness of any data in this paragraph. Nevertheless, we make every effort to cite public sources deemed reliable and trustworthy.
