Travis Texas Mineral Deed with Limited Warranty

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

Description

This form of deed conveys an undivided interest in minerals in specific lands. Travis Texas Mineral Deed with Limited Warranty is a legal document used in Travis County, Texas, to transfer ownership rights of mineral interests from one party to another. The deed contains limited warranties, which means the granter guarantees that they have not conveyed the same mineral rights to any other person. This type of deed is commonly used in real estate transactions involving mineral rights, which are the rights to extract minerals, such as oil, gas, and minerals from the land. The limited warranty provided by the granter assures the grantee that the granter has not done anything to impair the title. However, it does not guarantee the grantee against any defects in the title that may have existed prior to the granter’s ownership. The Travis Texas Mineral Deed with Limited Warranty includes essential information such as: 1. Names and mailing addresses of the granter(s) and grantee(s) 2. Legal description of the property where the mineral rights are located 3. Details of the mineral rights being conveyed, including any reservations or exceptions 4. Purchase price or consideration for the transfer 5. Rights and responsibilities of both parties It is important to note that there might be variations or specific types of Travis Texas Mineral Deed with Limited Warranty based on specific circumstances, such as: 1. Individual Granter: This is when the mineral rights are transferring from an individual granter to a grantee. 2. Corporate Granter: In cases where the mineral rights are owned by a corporation, this type of deed might be used. It involves the transfer from a corporate entity to a grantee. 3. Multiple Granters or Grantees: If there are multiple granters or grantees involved in the transaction, a specific deed may be created to reflect this complexity, listing all parties involved appropriately. 4. Partial Interest Transfer: Sometimes, only a percentage or partial interest in the mineral rights is transferred. In such cases, a deed is drafted to reflect the fractional interest being conveyed. It is advisable to consult a qualified real estate attorney or professional specializing in mineral rights transactions to ensure the appropriate type of deed is used for the specific circumstances of the transfer. Understanding the intricacies of Travis Texas Mineral Deed with Limited Warranty and its variations is crucial for both granters and grantees involved in mineral rights transactions in Travis County.

Travis Texas Mineral Deed with Limited Warranty is a legal document used in Travis County, Texas, to transfer ownership rights of mineral interests from one party to another. The deed contains limited warranties, which means the granter guarantees that they have not conveyed the same mineral rights to any other person. This type of deed is commonly used in real estate transactions involving mineral rights, which are the rights to extract minerals, such as oil, gas, and minerals from the land. The limited warranty provided by the granter assures the grantee that the granter has not done anything to impair the title. However, it does not guarantee the grantee against any defects in the title that may have existed prior to the granter’s ownership. The Travis Texas Mineral Deed with Limited Warranty includes essential information such as: 1. Names and mailing addresses of the granter(s) and grantee(s) 2. Legal description of the property where the mineral rights are located 3. Details of the mineral rights being conveyed, including any reservations or exceptions 4. Purchase price or consideration for the transfer 5. Rights and responsibilities of both parties It is important to note that there might be variations or specific types of Travis Texas Mineral Deed with Limited Warranty based on specific circumstances, such as: 1. Individual Granter: This is when the mineral rights are transferring from an individual granter to a grantee. 2. Corporate Granter: In cases where the mineral rights are owned by a corporation, this type of deed might be used. It involves the transfer from a corporate entity to a grantee. 3. Multiple Granters or Grantees: If there are multiple granters or grantees involved in the transaction, a specific deed may be created to reflect this complexity, listing all parties involved appropriately. 4. Partial Interest Transfer: Sometimes, only a percentage or partial interest in the mineral rights is transferred. In such cases, a deed is drafted to reflect the fractional interest being conveyed. It is advisable to consult a qualified real estate attorney or professional specializing in mineral rights transactions to ensure the appropriate type of deed is used for the specific circumstances of the transfer. Understanding the intricacies of Travis Texas Mineral Deed with Limited Warranty and its variations is crucial for both granters and grantees involved in mineral rights transactions in Travis County.