Chicago Illinois Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• City: Chicago
• 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 Chicago Illinois Warranty Deed for Surface and Mineral Interests with Reservation of All Coal is a legally binding document that transfers ownership of both the surface and mineral rights of a property located in Chicago, Illinois. The deed includes a specific reservation of any coal deposits found on the property, ensuring that the granter retains full ownership and control over all coal reserves. This type of warranty deed guarantees that the granter, the current property owner, holds clear and marketable title to both the surface and mineral rights. It also provides a warranty that the property is free from any encumbrances or claims, except for the reservation of coal rights. The purpose of this reservation is to grant the grantee, the individual or entity receiving the property, the rights to use and enjoy the surface and mineral interests, while still preserving the granter's ownership and control over any potential coal deposits. This means that the grantee can utilize the property for various purposes, such as construction, agricultural activities, or even oil and gas extraction, but must obtain permission from the granter for any coal mining operations. It's important to note that there may be variations or additional types of Chicago Illinois Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal, based on specific circumstances or legal requirements. These may include: 1. Limited Surface and Mineral Warranty Deed with Reservation of All Coal: Similar to the basic warranty deed, this variant includes a reservation of all coal rights, but may limit the warranty to exclude other types of minerals or substances. 2. Reverse Chicago Warranty Deed for Surface and Mineral Interests with Reservation of All Coal: In this case, the granter is reserving the surface and mineral interests, while transferring ownership of the remaining property rights to the grantee. 3. Special Warranty Deed for Surface and Mineral Interests with Reservation of All Coal: This type of deed may limit the warranty to only cover defects or encumbrances that occurred during the granter's ownership, rather than for the property's entire history. In summary, a Chicago Illinois Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal, is a legal instrument used to convey both the surface and mineral rights of a property, while reserving all coal deposits to the granter. Different variations of such deeds may exist, providing specific terms and conditions tailored to individual circumstances.

A Chicago Illinois Warranty Deed for Surface and Mineral Interests with Reservation of All Coal is a legally binding document that transfers ownership of both the surface and mineral rights of a property located in Chicago, Illinois. The deed includes a specific reservation of any coal deposits found on the property, ensuring that the granter retains full ownership and control over all coal reserves. This type of warranty deed guarantees that the granter, the current property owner, holds clear and marketable title to both the surface and mineral rights. It also provides a warranty that the property is free from any encumbrances or claims, except for the reservation of coal rights. The purpose of this reservation is to grant the grantee, the individual or entity receiving the property, the rights to use and enjoy the surface and mineral interests, while still preserving the granter's ownership and control over any potential coal deposits. This means that the grantee can utilize the property for various purposes, such as construction, agricultural activities, or even oil and gas extraction, but must obtain permission from the granter for any coal mining operations. It's important to note that there may be variations or additional types of Chicago Illinois Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal, based on specific circumstances or legal requirements. These may include: 1. Limited Surface and Mineral Warranty Deed with Reservation of All Coal: Similar to the basic warranty deed, this variant includes a reservation of all coal rights, but may limit the warranty to exclude other types of minerals or substances. 2. Reverse Chicago Warranty Deed for Surface and Mineral Interests with Reservation of All Coal: In this case, the granter is reserving the surface and mineral interests, while transferring ownership of the remaining property rights to the grantee. 3. Special Warranty Deed for Surface and Mineral Interests with Reservation of All Coal: This type of deed may limit the warranty to only cover defects or encumbrances that occurred during the granter's ownership, rather than for the property's entire history. In summary, a Chicago Illinois Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal, is a legal instrument used to convey both the surface and mineral rights of a property, while reserving all coal deposits to the granter. Different variations of such deeds may exist, providing specific terms and conditions tailored to individual circumstances.