Queens New York Warranty Deed for Surface and Mineral Interests

Name: Queens New York Warranty Deed for Surface and Mineral Interests
Brand: US Legal Forms
Rating: 4.63 (301 reviews)

Category:

Oil Gas and Minerals - Deeds

State:

Multi-State

County:

Queens

Control #:

US-OG-532

Format:

Instant download

Description

This is a form of a Warranty Deed that includes both Surface and Mineral Interests.

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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.

Royalty interest in the oil and gas industry refers to ownership of a portion of a resource or the revenue it produces. A company or person that owns a royalty interest does not bear any operational costs needed to produce the resource, yet they still own a portion of the resource or revenue it produces.

Under a special warranty deed, the grantor warrants only that they received the title and the property was not encumbered during their period of ownership. The grantee could fall afoul of title defects or encumbrances that occurred prior to the grantor's ownership. Bargain and Sale Deeds.

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.

A property owner with mineral rights may explore, extract, and sell natural deposits found underneath the land surface. But surface rights only refer to exclusive rights to all physical property on the land.

DEED: A written instrument by which one party, the Grantor, conveys the title of ownership in property to another party, the Grantee. A Warranty Deed contains promises, called covenants, that the Grantor makes to the Grantee.

Royalty Interest an ownership in production that bears no cost in production. Royalty interest owners receive their share of production revenue before the working interest owners. Working Interest an ownership in a well that bears 100% of the cost of production.

Which of these guarantees is offered by a general warranty deed but not a special warranty deed? The property is free of debt or other claims taken on by the grantor during the ownership period.

A warranty deed is a document often used in real estate that provides the greatest amount of protection to the purchaser of a property. It pledges or warrants that the owner owns the property free and clear of any outstanding liens, mortgages, or other encumbrances against it.

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High Court of Justice. Up all cavities , and leaves a perfectly level surface .

Queens New York Warranty Deed for Surface and Mineral Interests

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FAQ

What is the difference between royalty and mineral interest?

What is royalty interest?

What is a warranty deed in oil and gas?

What is the Duhig rule?

What is the difference between mineral rights and surface rights?

What is the difference between a warranty deed and a?

What is the difference between working interest and royalty interest?

Which of these guarantees is offered by a general warranty deed but not a special warranty deed?

What are warranties in deeds?

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