Oklahoma Quitclaim Mineral Deed from an Individual to Five Individuals
Overview of this form
A Quitclaim Mineral Deed from an Individual to Five Individuals is a legal document that transfers mineral rights to a property from one person (the Grantor) to five individuals (the Grantees). This form is particularly useful when the Grantor wishes to convey ownership of mineral interests without making any warranties about the title. It differs from other deeds by offering no guarantees regarding the property's status, making it essential for parties seeking a straightforward transfer of mineral rights.
What’s included in this form
- Identification of the Grantor and Grantees involved in the transfer.
- Description of the mineral property being conveyed.
- Specification of how Grantees will hold the property (as tenants in common or joint tenants with right of survivorship).
- Understanding of the rights associated with existing oil and gas leases.
- Signatures of the Grantor to validate the transfer.
Situations where this form applies
This form is needed when an individual wants to transfer mineral rights in a property to multiple parties. It is suitable for situations such as family inheritances, joint ventures among friends, or divestitures of mineral interests for investment purposes. If the Grantor is looking to simplify the transfer without guaranteeing the title's status, this deed can serve that purpose effectively.
Who can use this document
This form is ideal for:
- Individuals looking to transfer mineral rights to multiple parties.
- Family members involved in joint ownership of mineral interests.
- Investors or partners collaborating on mineral investments.
- Anyone needing a straightforward transfer of mineral interests without warranties.
How to prepare this document
- Identify the Grantor and the five Grantees in the designated sections.
- Clearly describe the mineral property being conveyed, including any pertinent details.
- Specify how the Grantees will hold the property, whether as tenants in common or joint tenants with right of survivorship.
- Include the date of the deed and the Grantor's signature to validate the transfer.
- Ensure any necessary details regarding existing oil and gas leases are properly documented.
Is notarization required?
Notarization is required for this form to take effect. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Mistakes to watch out for
- Failing to accurately describe the mineral property being conveyed.
- Not specifying the method of property ownership for Grantees.
- Omitting the Grantor's signature or date on the deed.
- Assuming no existing leases exist without due diligence.
Why complete this form online
- Convenient access to legally vetted templates created by licensed attorneys.
- Easy to fill out and edit using computer software.
- Ability to save and print forms securely at your convenience.
- Cost-effective compared to hiring a legal professional for simple transfers.
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FAQ
Fill out the quit claim deed form, which can be obtained online, or write your own using the form as a guide. The person giving up the interest in the property is the grantor, and the person receiving the interest is the grantee.
Recording A quit claim deed must be filed with the County Clerk's Office along with the required filing fee (varies by location). Signing (§ 16-26) This form is required to be authorized by the Grantor(s) in front of a Notary Public with their acknowledgment and seal.
A Quitclaim Deed must be notarized by a notary public or attorney in order to be valid.Consideration in a Quitclaim Deed is what the Grantee will pay to the Grantor for the interest in the property.
But you might be wondering if an owner can transfer a deed to another person without a real estate lawyer. The answer is yes. Parties to a transaction are always free to prepare their own deeds.A quitclaim deed, for example, is far simpler than a warranty deed.
Step 1 Fill in the grantor's name and address along with indicating whether or not the grantor is married. Step 2 Enter the consideration to be paid for the property. Step 3 Write in the grantee's name and address and check the box showing how they intend to hold the property.
To use a Quitclaim Deed to add someone to a property deed or title, you would need to create a Quitclaim Deed and list all of the current owners in the grantor section. In the grantee section, you would list all of the current owners as well as the person you would like to add.
Recording: Oklahoma requires quitclaim deeds to be recorded with the County Clerk's Office in the county where the property is. Filing Fee: The county will charge a filing fee that must be paid with the deed.
A quitclaim deed must meet all state and local standards for recorded instruments. Sign the deed in the presence of a notary public and record at the clerk's office in the county where the property is located for a valid transfer. Contact the same office to verify accepted forms of payment.
