A District of Columbia Partition Deed for Mineral/Royalty Interests is a legal document used to divide ownership rights and interests in minerals or royalties located in the District of Columbia. It facilitates the separation of ownership among multiple parties in cases where co-owners want to individually possess their share of the mineral or royalty interests. This type of partition deed is crucial when multiple individuals or entities jointly own mineral or royalty interests in a specific area within the District of Columbia and wish to legally separate their ownership rights. The deed outlines the terms, conditions, and percentages of ownership for each party involved. There are several variations and types of District of Columbia Partition Deeds for Mineral/Royalty Interests, including: 1. Voluntary Partition Deed: This type of partition deed is executed by the co-owners voluntarily without the necessity of a lawsuit or court intervention. It allows co-owners to mutually agree on the separation of their interests. 2. Court-Ordered Partition Deed: In certain scenarios where co-owners cannot reach a mutual agreement, the court may intervene and order a partition. A court-ordered partition deed establishes the terms of the division determined by the court. 3. Partition by Sale Deed: This partition deed allows for the sale of the entire mineral or royalty interest, and the proceeds are divided among the co-owners according to their respective ownership percentages. 4. Partition in Kind Deed: A partition in kind deed refers to the physical division of the mineral or royalty interests among co-owners, granting each party separate ownership of a specific portion. The District of Columbia Partition Deed for Mineral/Royalty Interests typically contains essential information such as the legal description of the property, names and addresses of all involved parties, their ownership percentages, and the terms and conditions agreed upon for the partition. It is crucial to consult with a qualified attorney who specializes in property law or mineral rights to ensure the deed complies with local regulations and accurately reflects the parties' intentions.
District of Columbia Partition Deed for Mineral / Royalty Interests
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FAQ
A general warranty deed is also called a statutory warranty deed, or just a warranty deed. This is the type of deed most commonly used in Washington real estate transactions. Compared to other deeds, a general warranty deed provides the grantee with the most comprehensive protection.
The basic requirements for a deed in Washington are simple: it must be in writing, contain a legal description of the property, be signed by the grantor, and the grantor's signature must be notarized.
A Washington deed is used to transfer the ownership of property from a grantor, or ?seller,? to a grantee, or ?buyer,? in the State of Washington. This form is usually completed after a purchase and sale agreement has been authorized and a deed transfers the actual property.
The Recorder of Deeds is located at 1101 4th Street, SW, Suite 500, Washington, DC 20024, and is open from 9 am to 3 pm for purposes of recording a deed and from 9 am to 4 pm for all other services. You may contact our Customer Service staff by calling (202) 727-5374.
Requirements for a Washington Deed Must be in writing. Must contain a legally accurate description of the property (an address alone is insufficient) The grantor (the individual granting the property interest to another, i.e. the seller) must sign the deed and have it notarized.
To access a digital copy, go to your county recorder's website and search public records and recorded documents. You can print an unofficial copy or request a certified one from the county recorder.
A valid deed in Texas must name the parties involved (grantor and grantee), their intent to convey property, sufficiently describe the property to be conveyed, and the deed must be signed and delivered by the grantor.
It must be in writing, State the name of the current owner, Include the legal description for the real estate being transferred, and. State the name of the new owner.