Undivided Interest In Land Texas

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• County: Bronx
• Control #: US-OG-064
• Format: Word; Rich Text

Description

This deed form conveys a mineral interest for a specified term, to be designated by the grantor, after which time, the conveyed interest reverts to the grantor. Bronx New York Term Mineral Deed of Undivided Interest refers to a legal document that grants a specified undivided interest in mineral rights for a particular period of time within the Bronx, New York region. This type of deed signifies the transfer of ownership for the rights to extract, develop, and profit from minerals such as oil, gas, coal, or other valuable substances found beneath the surface of the land. A Bronx New York Term Mineral Deed of Undivided Interest can come in various forms or variations, depending on the specific terms and conditions agreed upon by the parties involved. Some common types include: 1. Fixed-Term Mineral Deed: This type of deed grants the undivided interest in mineral rights for a specific and predetermined period. Once the term expires, the rights to the minerals revert to the original landowner, unless a new agreement is reached. 2. Royalty Interest Mineral Deed: In this variation, the owner of the undivided interest in mineral rights receives a portion of the profits generated from the extraction and sale of the minerals. The royalty is typically a percentage of the total revenue obtained, and the term can vary based on the agreement. 3. Non-Participating Mineral Deed: This type of deed grants the right to receive a portion of the royalties generated from the mineral extraction but does not provide the ability to make decisions or participate in the operations related to the extraction process. 4. Limited Term Mineral Deed: This variation establishes a specific term for the undivided interest in mineral rights, but also includes certain limitations or conditions on the usage or extraction of the minerals. These limitations could include environmental considerations, specific extraction methods, or restrictions on the volume of minerals that can be extracted. A Bronx New York Term Mineral Deed of Undivided Interest plays a crucial role in the mineral rights' industry, enabling landowners to lease their rights to specialized companies that possess the expertise and resources for extracting and monetizing the minerals present beneath the surface. It provides legal protection, outlines the specific terms and duration of the agreement, and allows both parties to benefit from the resources found within the designated area of the Bronx, New York.

Bronx New York Term Mineral Deed of Undivided Interest refers to a legal document that grants a specified undivided interest in mineral rights for a particular period of time within the Bronx, New York region. This type of deed signifies the transfer of ownership for the rights to extract, develop, and profit from minerals such as oil, gas, coal, or other valuable substances found beneath the surface of the land. A Bronx New York Term Mineral Deed of Undivided Interest can come in various forms or variations, depending on the specific terms and conditions agreed upon by the parties involved. Some common types include: 1. Fixed-Term Mineral Deed: This type of deed grants the undivided interest in mineral rights for a specific and predetermined period. Once the term expires, the rights to the minerals revert to the original landowner, unless a new agreement is reached. 2. Royalty Interest Mineral Deed: In this variation, the owner of the undivided interest in mineral rights receives a portion of the profits generated from the extraction and sale of the minerals. The royalty is typically a percentage of the total revenue obtained, and the term can vary based on the agreement. 3. Non-Participating Mineral Deed: This type of deed grants the right to receive a portion of the royalties generated from the mineral extraction but does not provide the ability to make decisions or participate in the operations related to the extraction process. 4. Limited Term Mineral Deed: This variation establishes a specific term for the undivided interest in mineral rights, but also includes certain limitations or conditions on the usage or extraction of the minerals. These limitations could include environmental considerations, specific extraction methods, or restrictions on the volume of minerals that can be extracted. A Bronx New York Term Mineral Deed of Undivided Interest plays a crucial role in the mineral rights' industry, enabling landowners to lease their rights to specialized companies that possess the expertise and resources for extracting and monetizing the minerals present beneath the surface. It provides legal protection, outlines the specific terms and duration of the agreement, and allows both parties to benefit from the resources found within the designated area of the Bronx, New York.