Bronx New York Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• County: Bronx
• Control #: US-OG-319
• Format: Word; Rich Text

Description

This form is used by the grantor to convey, sell and assign to the grantee, all of the surface estate including the oil, gas, and mineral interest located in and under the lands. A Bronx New York Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal is a legal document that transfers ownership of both the surface and mineral rights of a property located in Bronx, New York. This type of warranty deed provides assurance to the buyer that the seller has the legal right to sell the property and guarantees that the property is free from any encumbrances, except for the reserved rights to coal. The Bronx New York Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal serves as a record of the transaction and protects both the buyer and seller. It outlines the specific details of the property, such as the legal description, boundaries, and any existing rights or reservations. Additionally, it establishes the price and conditions of the sale. It is important to note that there may be different variations of the Bronx New York Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal, suited to specific situations or preferences. These variations may include: 1. Partial Coal Reservation: In some cases, the seller may choose to reserve only a specific portion of the coal rights, rather than reserving all coal rights. This can allow for flexibility and negotiation between the buyer and seller. 2. Limited Surface Reservation: This type of warranty deed may include a reservation of only certain surface rights, such as the right to mine or excavate for coal, while granting the buyer full ownership and enjoyment of the remaining surface rights. 3. Time-Limited Reservation: Occasionally, a seller may choose to reserve coal rights for a limited period of time. This could be done to commercially exploit the coal reserves present on the property before transferring full ownership to the buyer. 4. Unrestricted Surface Rights: While the warranty deed typically includes a reservation of all coal rights, it may also explicitly state that the buyer will have unrestricted surface rights. This ensures that the buyer can use and develop the surface area of the property without any limitations, except for those related to coal extraction. When dealing with a Bronx New York Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal, it is crucial to consult with a qualified attorney or real estate professional to ensure that all legal requirements are met, and the transfer of ownership is carried out accurately and in compliance with local laws and regulations.

A Bronx New York Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal is a legal document that transfers ownership of both the surface and mineral rights of a property located in Bronx, New York. This type of warranty deed provides assurance to the buyer that the seller has the legal right to sell the property and guarantees that the property is free from any encumbrances, except for the reserved rights to coal. The Bronx New York Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal serves as a record of the transaction and protects both the buyer and seller. It outlines the specific details of the property, such as the legal description, boundaries, and any existing rights or reservations. Additionally, it establishes the price and conditions of the sale. It is important to note that there may be different variations of the Bronx New York Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal, suited to specific situations or preferences. These variations may include: 1. Partial Coal Reservation: In some cases, the seller may choose to reserve only a specific portion of the coal rights, rather than reserving all coal rights. This can allow for flexibility and negotiation between the buyer and seller. 2. Limited Surface Reservation: This type of warranty deed may include a reservation of only certain surface rights, such as the right to mine or excavate for coal, while granting the buyer full ownership and enjoyment of the remaining surface rights. 3. Time-Limited Reservation: Occasionally, a seller may choose to reserve coal rights for a limited period of time. This could be done to commercially exploit the coal reserves present on the property before transferring full ownership to the buyer. 4. Unrestricted Surface Rights: While the warranty deed typically includes a reservation of all coal rights, it may also explicitly state that the buyer will have unrestricted surface rights. This ensures that the buyer can use and develop the surface area of the property without any limitations, except for those related to coal extraction. When dealing with a Bronx New York Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal, it is crucial to consult with a qualified attorney or real estate professional to ensure that all legal requirements are met, and the transfer of ownership is carried out accurately and in compliance with local laws and regulations.