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.
Nassau New York Correction to Mineral Deed As to Interest Conveyed is a legal document used to rectify any errors or omissions in the original mineral deed regarding the interest conveyed. This type of correction is crucial for ensuring accurate ownership rights and avoiding any disputes or confusion in future mineral transactions. In Nassau County, New York, there are a few different types of Correction to Mineral Deed As to Interest Conveyed, such as: 1. Correcting percentage interests: This type of correction involves clarifying and adjusting the exact percentage of mineral rights conveyed to each party mentioned in the original deed. It may be necessary when there are discrepancies or inaccuracies in the initial documentation. 2. Rectifying omitted interests: Sometimes, a mineral deed may unintentionally omit certain interests that should have been included. The Correction to Mineral Deed As to Interest Conveyed provides an opportunity to include these omitted interests and ensure all parties have their rightful ownership stated in the revised document. 3. Updating lease terms: If there have been changes in the terms of the mineral lease agreement, such as extending the lease period or modifying the royalty percentage, a correction to the mineral deed is required to reflect these amendments accurately. Keywords: Nassau New York, Correction to Mineral Deed As to Interest Conveyed, legal document, rectify errors, ownership rights, mineral transactions, accurate percentage interests, correcting discrepancies, clarifying mineral rights, adjusting interests, omitted interests, rectify inaccuracies, revised document, lease term updates, lease extension, royalty modification.Nassau New York Correction to Mineral Deed As to Interest Conveyed is a legal document used to rectify any errors or omissions in the original mineral deed regarding the interest conveyed. This type of correction is crucial for ensuring accurate ownership rights and avoiding any disputes or confusion in future mineral transactions. In Nassau County, New York, there are a few different types of Correction to Mineral Deed As to Interest Conveyed, such as: 1. Correcting percentage interests: This type of correction involves clarifying and adjusting the exact percentage of mineral rights conveyed to each party mentioned in the original deed. It may be necessary when there are discrepancies or inaccuracies in the initial documentation. 2. Rectifying omitted interests: Sometimes, a mineral deed may unintentionally omit certain interests that should have been included. The Correction to Mineral Deed As to Interest Conveyed provides an opportunity to include these omitted interests and ensure all parties have their rightful ownership stated in the revised document. 3. Updating lease terms: If there have been changes in the terms of the mineral lease agreement, such as extending the lease period or modifying the royalty percentage, a correction to the mineral deed is required to reflect these amendments accurately. Keywords: Nassau New York, Correction to Mineral Deed As to Interest Conveyed, legal document, rectify errors, ownership rights, mineral transactions, accurate percentage interests, correcting discrepancies, clarifying mineral rights, adjusting interests, omitted interests, rectify inaccuracies, revised document, lease term updates, lease extension, royalty modification.
