Get Trec No 44-2 Addendum For Reservation Of Oil

Filling out the TREC NO 44-2 Addendum for Reservation of Oil is an essential step for both buyers and sellers involved in real estate transactions concerning mineral estates. This guide will provide clear, step-by-step instructions to help you successfully complete this form online.

Follow the steps to complete the addendum easily.

1. Click the ‘Get Form’ button to obtain the TREC NO 44-2 Addendum, which will open in your online editor.
2. Begin by entering the street address and city of the property in the designated fields provided at the beginning of the form.
3. In Section A, familiarize yourself with the definition of 'Mineral Estate,' which includes oil, gas, and other minerals, along with certain rights and benefits related to the property.
4. Proceed to Section B, where you must choose whether the seller reserves all of the mineral estate owned or only an undivided interest. Check the appropriate box and ensure that you understand which option you are selecting.
5. Move to Section C and indicate whether the seller reserves the implied rights of ingress and egress. This is crucial for understanding the extent of the rights retained by the seller.
6. In Section D, if the seller does not reserve all interests in the mineral estate, you must provide contact information of any known existing mineral lessee within seven days after the effective date.
7. Once all sections are completed, carefully review the information for accuracy and completeness to avoid any potential disputes.
8. Finally, you can save the changes, download the form for your records, print it for signature, or share it with relevant parties involved in the transaction.

Start completing your TREC NO 44-2 Addendum for Reservation of Oil online today!