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District of Columbia Term Royalty Deed

Category:
Oil Gas and Minerals - Deeds
State:
Multi-State
Control #:
US-OG-045
Format:
Word; 
Rich Text
Instant download
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Description

This form conveys a royalty interest for a specified term of years. If there is production at the end of that term, or the lands are subject to an oil and gas lease, the interest will continue to be owned by the grantee until production ceases.

The District of Columbia Term Royalty Deed is a legal document that pertains to the transfer of mineral rights in the District of Columbia for a specified period of time. This type of deed ensures that the owner of the mineral rights, known as the granter, grants the rights to another party, known as the grantee, for a defined term. A District of Columbia Term Royalty Deed contains several important elements, including the names and addresses of both the granter and grantee, a description of the property and the minerals included, the term of the royalty deed, and any specific conditions or restrictions associated with the transfer. This deed functions as a legal agreement between the parties involved, ensuring that both parties understand their rights and responsibilities. There are various types of District of Columbia Term Royalty Deeds that can be classified based on different factors. One classification is based on the specific minerals included in the deed. Common types include oil and gas royalty deeds, coal royalty deeds, and mineral royalty deeds. Each type of deed specifies the particular mineral rights being transferred, allowing for clarity and transparency in the agreement. Another classification of District of Columbia Term Royalty Deeds is based on the length of the term specified in the deed. There can be short-term royalty deeds, which grant the rights for a shorter period, typically ranging from one to five years. On the other hand, long-term royalty deeds can extend the term for a much longer duration, such as 10, 20, or even 99 years. It is crucial to consult with a legal professional or a real estate attorney specialized in mineral rights when dealing with District of Columbia Term Royalty Deeds. They can provide expert guidance on the appropriate type of deed to use based on the specific circumstances and requirements of the transaction. In conclusion, the District of Columbia Term Royalty Deed is a legal document that facilitates the transfer of mineral rights in the District of Columbia for a specified period. Different types of deeds exist based on the minerals involved and the length of the term specified. Seeking legal advice is important to ensure compliance with relevant laws and regulations.

How to fill out District Of Columbia Term Royalty Deed?

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FAQ

To make a living trust in the District of Columbia, you: Choose whether to make an individual or shared trust. Decide what property to include in the trust. Choose a successor trustee. Decide who will be the trust's beneficiaries?that is, who will get the trust property. Create the trust document.

If you would like to create a living trust in Washington, D.C., sign your written trust document before a notary public. To put the trust into effect, you must transfer ownership of your asset into it.

You may research this information at: Office of the Recorder of Deeds or Real Property Tax Database Search. The cost to purchase a copy is $2.25 per page plus ($2.25) per document for certification of a copied document.

A Security Affidavit is required on all Residential Deeds of Trust and Modifications. All Judgments, Orders, etc. must be certified by the DC Superior Court. All notarized documents must include the notary seal (if applicable), signature, name and expiration date.

(2) ?Deed of trust? means a mortgage or a deed of trust encumbering real property located in the District of Columbia as the same may be modified, amended, supplemented, or restated.

The DC recorder of deeds requires two forms when recording deeds: Real Property Recordation and Tax Form FP-7/C. Form FP-7/C is a return form listing details about the transfer?including the amount of consideration. The current owner and new owner must both sign the form.

If your name is on a deed to a house, then that means that you are the property owner. Having your name on a deed means that you have property title, which represents a set of rights you have as a homeowner.

A Washington, DC, deed must identify by name the current owner (the grantor) transferring the property and the new owner (the grantee) receiving it. Party addresses. A deed should include the new owner's address. DC law does not strictly require the current owner's address, but it is often included.

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How do I record my deed or other documents? Documents may be presented for recordation electronically, in person, by mail. Electronic Recording. Return completed forms to the following address for proper recording: District of Columbia Government Recorder of Deeds 1101 4th Street, SW, 5th FloorMay 16, 2023 — Need to transfer District of Columbia real estate? Our deed creation service makes it easy. Just complete a user-friendly interview and get ... Provide the full names and addresses of everyone who owns a share of the property to be conveyed. - Consideration. This represents something of value, usually ... (2)(A) Net rents and royalties from real property located in the District are allocable to the District. ... the term 'state' shall include the District of ... Jan 22, 2021 — What can be done when a term interest for 99 years is set to expire for a oil royalty interest in Oklahoma? As used in this paragraph, the term “issuer” shall include a person directly ... (2) Require or permit the person to file a statement in writing, under oath ... The Recorder of Deeds, an administration in the Office of Tax and Revenue, is the official repository of all land records and general public instruments for ... (a) Electronic filing. (1) Each filer must file claims online using the claims filing feature of eCRB to claim cable compulsory license royalty ... (2) Two-year restrictions concerning particular matters under official responsibility.—Any person subject to the restrictions contained in paragraph (1) who ...

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