Maricopa Arizona Mineral Deed with Limited Warranty

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

Description

This form of deed conveys an undivided interest in minerals in specific lands. A Maricopa Arizona Mineral Deed with Limited Warranty is a legal document that conveys the rights and interests of mineral ownership in Maricopa, Arizona. This specific type of deed provides limited warranties to the grantee, ensuring that the granter (seller) guarantees that they own the minerals being conveyed, and no other party has any claim or lien against them, except for any pre-existing encumbrances. The Maricopa Arizona Mineral Deed with Limited Warranty is commonly used in real estate transactions involving mineral rights. It allows the transfer of ownership while also providing some degree of protection to the buyer against future claims or disputes. Key aspects of this deed include a detailed description of the minerals being conveyed, identification of the granter and grantee, legal description of the property, purchase price or consideration, and any additional terms or conditions agreed upon between the parties involved. It is important to note that there may be variations or subtypes of the Maricopa Arizona Mineral Deed with Limited Warranty, such as: 1. Mineral Deed with Limited Warranty and Surface Rights: This type of deed not only conveys mineral ownership but also includes limited warranties for surface rights. It ensures that the granter possesses both the mineral and surface rights being transferred. 2. Maricopa Arizona Irrevocable Mineral Deed with Limited Warranty: This subtype of the mineral deed includes an irrevocable clause, meaning that the granter cannot revoke or take back the conveyed minerals at a later date. It provides an additional level of security to the grantee. 3. Maricopa Arizona Mineral Deed with Limited Warranty and Royalties: This variation includes the conveyance of mineral rights as well as the entitlement to receive royalties from any minerals extracted or produced on the property. Royalties are commonly a percentage of the profits derived from the minerals extracted. In summary, the Maricopa Arizona Mineral Deed with Limited Warranty is a legally binding document that facilitates the transfer of mineral ownership rights in Maricopa, Arizona. Different types or variations may exist, each with specific details and considerations. It is crucial for both buyers and sellers to thoroughly understand the terms and conditions outlined in the deed before executing any mineral-related transactions.

A Maricopa Arizona Mineral Deed with Limited Warranty is a legal document that conveys the rights and interests of mineral ownership in Maricopa, Arizona. This specific type of deed provides limited warranties to the grantee, ensuring that the granter (seller) guarantees that they own the minerals being conveyed, and no other party has any claim or lien against them, except for any pre-existing encumbrances. The Maricopa Arizona Mineral Deed with Limited Warranty is commonly used in real estate transactions involving mineral rights. It allows the transfer of ownership while also providing some degree of protection to the buyer against future claims or disputes. Key aspects of this deed include a detailed description of the minerals being conveyed, identification of the granter and grantee, legal description of the property, purchase price or consideration, and any additional terms or conditions agreed upon between the parties involved. It is important to note that there may be variations or subtypes of the Maricopa Arizona Mineral Deed with Limited Warranty, such as: 1. Mineral Deed with Limited Warranty and Surface Rights: This type of deed not only conveys mineral ownership but also includes limited warranties for surface rights. It ensures that the granter possesses both the mineral and surface rights being transferred. 2. Maricopa Arizona Irrevocable Mineral Deed with Limited Warranty: This subtype of the mineral deed includes an irrevocable clause, meaning that the granter cannot revoke or take back the conveyed minerals at a later date. It provides an additional level of security to the grantee. 3. Maricopa Arizona Mineral Deed with Limited Warranty and Royalties: This variation includes the conveyance of mineral rights as well as the entitlement to receive royalties from any minerals extracted or produced on the property. Royalties are commonly a percentage of the profits derived from the minerals extracted. In summary, the Maricopa Arizona Mineral Deed with Limited Warranty is a legally binding document that facilitates the transfer of mineral ownership rights in Maricopa, Arizona. Different types or variations may exist, each with specific details and considerations. It is crucial for both buyers and sellers to thoroughly understand the terms and conditions outlined in the deed before executing any mineral-related transactions.