King Washington Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal
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How to fill out King Washington Warranty Deed For Surface And Mineral Interests, With Reservation Of All Coal?
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FAQ
Unlike a mineral interest owner, a royalty interest owner does not possess executive rights. In addition, a royalty interest owner does not possess the right to receive lease bonuses, delay rental payments, or shut-in payments.
Not owning the mineral rights to a parcel of land doesn't mean your property is worthless. If someone else owns the mineral rights and they sell those rights to an individual or corporation, you can still make a profit as the surface rights owner. You have the rights of ingress and egress.
By investing in mineral rights, you can receive greater returns on your real estate investments than just equity appreciation. Mineral rights to oil, coal, natural gas, or other valuable natural resources can substantially boost your investment portfolio as labor-free sources of revenue or passive income.
If you own surface rights, you are allowed to sell or transfer title to the land surface, but you may not sell or lease your property to an oil, gas, or mining company for exploration or extraction. Those rights do not legally belong to you.
Outstanding mineral rights are owned by a party other than the surface owner at the time the surface was conveyed to the United States. Reserved mineral rights are those rights held by the surface owner at the time the surface was conveyed to the United States.
The term severed mineral rights refers to a state of title to a given parcel of land in which the mineral estate is owned by a party other than the party that is the owner of the surface estate in other words, the mineral estate has been severed from the surface estate.
Coal Rights means all right, title and interest of the Issuer, the Co-Issuer or any Subsidiary in and to the assets described on Schedule 1.01 to this Indenture.
Types of Minerals Locatable These are mostly sedentary minerals, including metallic and industrial metals. They do not include coal, petroleum, phosphate, or potassium (Wikipedia). Leasable Rights to fluid minerals that move below the surface are commonly leased and include oil and gas and geothermal resources.
The owner of the mineral interest has the right to explore, develop, and produce the minerals. Producing minerals have one or more active oil and gas wells. Royalty owners are paid royalties on the proceeds from the sale oil, gas, and other minerals that are produced under a specific tract of land.
The Duhig rule essentially states that, if both a grant and a reservation in a warranty deed cannot be given effect, then the reservation fails.