Collin Texas Mineral Deed with Limited Warranty

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• County: Collin
• Control #: US-OG-061
• Format: Word; Rich Text

Description

This form of deed conveys an undivided interest in minerals in specific lands. 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 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.