Alabama Warranty Deed for Surface and Mineral Interests
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How to fill out Warranty Deed For Surface And Mineral Interests?
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You can hire a geologist or land surveyor to help you determine if there's something of value on your land. You can also look at mineral rights listings to see if your property has separate mineral rights for sale.
If you want to get your money, state officials will ask for evidence supporting your right to the unclaimed oil or gas rights located in your search. You may need to show evidence of inheritance or complete an Affidavit of Heirship (AOH) if you are claiming royalty payments on an inherited property.
The value of mineral rights per acre differs from state to state. Typically, the price ranges from $100 to $5,000 per acre in several states. In Texas, the average price per acre for non-producing mineral rights is usually between $0 and $250 per acre, as a general guideline.
Soil and rock sampling: Collect soil and rock samples from different areas of your property for analysis. Oil seepages might leave noticeable traces in the soil, and analyzing these samples in a laboratory can provide clues about the presence of hydrocarbons.
An Alabama statutory warranty deed form (also known as a special warranty deed) provides a warranty of title that is limited to the time when the person signing the deed owned the property. It makes no promises about what may have happened before the signer acquired the property.
Mineral Deed for Real Estate Located in Alabama The General Mineral Deed in Alabama transfers oil, gas, and mineral rights from the grantor to the grantee. THIS IS NOT A LEASE. There are no Exceptions or Reservations included. The transfer includes the oil, gas and other minerals of every kind and nature.
There are three main types of deeds: the general warranty deed, special warranty deed, and the quitclaim deed.
To locate your mineral rights records, begin at the county recorder's office. The legal description of the property should be in county deed books. You can specifically search the book and page where the property is located if you have a take-off.