A San Antonio Texas Mineral Deed with Granter Reserving Nonparticipating Royalty Interest is a legal document that transfers ownership of mineral rights in a property located in San Antonio, Texas from the granter (seller) to the grantee (buyer), while reserving a nonparticipating royalty interest for the granter. The nonparticipating royalty interest entitles the granter to receive a percentage of the royalties generated from any future mineral extraction on the property, without giving them the rights to participate in the actual drilling or operating activities. In this type of deed, relevant keywords may include: 1. San Antonio, Texas: Referring to the specific geographical location where the mineral rights are being conveyed. 2. Mineral Deed: Indicating that the document transfers ownership of mineral rights, which can include oil, natural gas, coal, metals, and other valuable resources found below the surface. 3. Granter: The seller or owner of the mineral rights, who is transferring them to the grantee. 4. Reserving: Denotes that the granter is retaining a specific interest or right in the mineral rights, in this case, a nonparticipating royalty interest. 5. Nonparticipating Royalty Interest: Defines the type of interest being reserved by the granter, entitling them to receive a portion of the future royalties generated from extracted minerals, without the ability to actively participate in the operations. Different variations of the San Antonio Texas Mineral Deed with Granter Reserving Nonparticipating Royalty Interest could include specific clauses or provisions tailored to the needs of the parties involved. These variations may address the percentage of the reserved interest, duration of the royalty interest, or any limitations on the grantee's rights. It is essential to consult with a qualified attorney or legal professional when preparing or executing a San Antonio Texas Mineral Deed with Granter Reserving Nonparticipating Royalty Interest, as specific local laws and regulations may apply.
San Antonio Texas Mineral Deed with Grantor Reserving Nonparticipating Royalty Interest
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