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 Without Warranty
Category:
State:
Oklahoma
Control #:
OK-021-78
Format:
Word;
Rich Text
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How to fill out Oklahoma Mineral Deed - Trust To Three Individuals?
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FAQ
Quitclaim deeds do not contain any implied warranties or covenants. Under a quitclaim deed, the grantor simply transfers its whole interest in the described real estate, but makes no covenant or representation that the grantor in fact has any interest in the subject property.
There is also a Deed without Warranty, which is similar to a Quitclaim. A Mineral Deed is a deed that only transfers the mineral rights to the land; it does not transfer the surface rights.
If the estate was administered by the Oklahoma courts, the transfer of the mineral rights to the beneficiaries should be recorded in the real estate records. If no transfer is filed, an affidavit can be filed.
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.
Oklahoma Quitclaim Deed. An Oklahoma quitclaim deed form is the mirror opposite of a general warranty deed in risk allocation. The current owner transfers the real estate essentially as-is?with no warranty of title and no guaranty as to the validity of the transferred interest.