This form is used to when it has been discovered that through a drafting error the (Fraction or Percentage ) interest in the mineral estate conveyed in a Deed was stated incorrectly. It is the purpose of this instrument and the intention of Grantor and Grantee to correct this error, and to accurately state the actual mineral interest intended to be conveyed by the Deed.
Collin Texas Correction to Mineral Deed As to Interest Conveyed is a legal document used to rectify any errors or omissions made in a previously recorded mineral deed in Collin County, Texas. This correction is necessary to accurately convey the intended interest in mineral rights to the grantee. The correction to the mineral deed is typically made when there are mistakes in the description of the interest conveyed, incorrect names or parties involved, or any other inaccuracies that need to be rectified. This document ensures that the conveyance of mineral rights is accurately reflected in public records to avoid any future disputes or confusion. The types of Collin Texas Correction to Mineral Deed As to Interest Conveyed may include: 1. Correction of Description — This type of correction addresses errors or discrepancies in the description of the interest conveyed, such as incorrect legal descriptions or missing details. It aims to provide a precise and accurate representation of the mineral rights being conveyed. 2. Correction of Names — In cases where the names of thgranteror or grantee were misspelled or incorrect, a correction to the mineral deed is needed to reflect the accurate parties involved in the conveyance of mineral rights. This helps avoid any potential issues related to ownership or future transactions. 3. Correction of Parties — Sometimes, there may be errors in identifying the parties involved in the mineral deed. For instance, if multiple individuals or entities were intended to be included as granters or grantees but were omitted or erroneously stated, a correction to the mineral deed can rectify this mistake and ensure all parties are correctly identified. 4. Correction of Consideration — If there were mistakes or inaccuracies in stating the consideration for the transfer of mineral rights, a correction to the mineral deed can be used to accurately reflect the correct amount or terms of consideration involved. This ensures transparency and clarity regarding the value exchanged in the conveyance. It is crucial to consult with a qualified attorney or real estate professional experienced in Collin County, Texas, mineral rights transactions to draft and execute a valid Correction to Mineral Deed As to Interest Conveyed. This helps ensure that all legal requirements are met and that the correction is effective in accurately conveying the intended interest in mineral rights.
