This form is a Mineral Deed where the Grantor is a Trust and the Grantees are Three Individuals. Grantor conveys and warrants the described property to the Grantees. Grantees take the property as joint tenants with the right of survivorship or as tenants in common. This deed complies with all state statutory laws.
Ok Mineral Deed With A Mortgage
Category:
State:
Oklahoma
Control #:
OK-021-78
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Oklahoma Mineral Deed - Trust To Three Individuals?
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FAQ
An attorney can create a deed or assignment that conveys the mineral rights to the new owners. The original deed will need to be recorded in the county where the minerals are located. If there are producing wells on the property, each operator will need to be notified of the change in ownership.
Effect of Property Taxes on Mineral Rights Oklahoma has no inheritance tax. Capital gains tax must be paid on any sale of mineral rights and income generated from royalty streams. However, if the mineral rights have not been severed from the property, the county may not charge taxes beyond property taxes.
Oklahoma law allows for certain mineral interests to be transferred by filing an affidavit in the county real estate records.
Buying mineral rights in Oklahoma Find land with mineral rights for sale in Oklahoma that includes legal subsurface ownership of oil and gas minerals and other valuable rocks and resources. The 26 matching properties for sale in Oklahoma have an average listing price of $655,144 and price per acre of $6,878.