Philadelphia Pennsylvania Mineral Deed with Limited Warranty

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

Description

This form of deed conveys an undivided interest in minerals in specific lands. Philadelphia, Pennsylvania Mineral Deed with Limited Warranty is a legal document that transfers ownership rights of mineral interests in a property located within Philadelphia County, Pennsylvania. This deed grants a limited warranty, meaning that the seller guarantees that they have not encumbered the property with any undisclosed liens or claims, but they do not provide any warranties regarding the quality or quantity of the mineral rights. There are various types of Philadelphia, Pennsylvania Mineral Deed with Limited Warranty, each serving a specific purpose. They include: 1. Surface and Subsurface Mineral Deed: This deed transfers ownership of both surface and subsurface mineral rights. It encompasses all minerals found beneath the surface, such as coal, oil, natural gas, and other valuable resources. 2. Coal and Coal Bed Methane Deed: This type of mineral deed specifically focuses on the transfer of coal and coal bed methane gas rights. It grants the buyer the exclusive right to extract and benefit from these specific minerals. 3. Oil and Gas Deed: This deed is designed for the transfer of ownership rights solely concerning oil and gas minerals. It excludes other mineral resources, giving the buyer exclusive rights to explore, extract, and profit from oil and gas reserves on the property. 4. Royalty Deed: A royalty deed guarantees the seller a percentage or fixed amount of revenue from the sale or extraction of minerals on the property, rather than transferring ownership. It is commonly used when the seller wishes to retain a financial interest in future mineral production. Philadelphia, Pennsylvania Mineral Deed with Limited Warranty is an essential legal document for both buyers and sellers involved in mineral rights transactions. It provides protection against undisclosed claims or liens, ensuring a clear transfer of ownership for mineral resources within Philadelphia County. It is advisable to consult with a qualified attorney to ensure the proper preparation and recording of the deed as per local laws and regulations.

Philadelphia, Pennsylvania Mineral Deed with Limited Warranty is a legal document that transfers ownership rights of mineral interests in a property located within Philadelphia County, Pennsylvania. This deed grants a limited warranty, meaning that the seller guarantees that they have not encumbered the property with any undisclosed liens or claims, but they do not provide any warranties regarding the quality or quantity of the mineral rights. There are various types of Philadelphia, Pennsylvania Mineral Deed with Limited Warranty, each serving a specific purpose. They include: 1. Surface and Subsurface Mineral Deed: This deed transfers ownership of both surface and subsurface mineral rights. It encompasses all minerals found beneath the surface, such as coal, oil, natural gas, and other valuable resources. 2. Coal and Coal Bed Methane Deed: This type of mineral deed specifically focuses on the transfer of coal and coal bed methane gas rights. It grants the buyer the exclusive right to extract and benefit from these specific minerals. 3. Oil and Gas Deed: This deed is designed for the transfer of ownership rights solely concerning oil and gas minerals. It excludes other mineral resources, giving the buyer exclusive rights to explore, extract, and profit from oil and gas reserves on the property. 4. Royalty Deed: A royalty deed guarantees the seller a percentage or fixed amount of revenue from the sale or extraction of minerals on the property, rather than transferring ownership. It is commonly used when the seller wishes to retain a financial interest in future mineral production. Philadelphia, Pennsylvania Mineral Deed with Limited Warranty is an essential legal document for both buyers and sellers involved in mineral rights transactions. It provides protection against undisclosed claims or liens, ensuring a clear transfer of ownership for mineral resources within Philadelphia County. It is advisable to consult with a qualified attorney to ensure the proper preparation and recording of the deed as per local laws and regulations.