A Florida Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal is a legal document used to transfer ownership of both surface and mineral rights in a property within the state of Florida. It ensures that the seller guarantees to the buyer that they hold clear and marketable title to both the surface rights and the mineral rights. The deed includes a specific provision that reserves all coal rights to the seller, meaning that the buyer will not have the right to mine or extract coal from the property. This reservation ensures that the seller retains exclusive rights to any potential coal deposits that may lie beneath the surface. There are different types of Florida Warranty Deeds for Surface and Mineral Interests, With Reservation of All Coal, depending on the specific conditions and arrangements agreed upon by the parties involved. These may include: 1. Standard Warranty Deed: This is the most common type of Warranty Deed, where the seller provides the strongest form of guarantee for the buyer's protection. It assures that the seller has full ownership of both surface and mineral rights and will defend the buyer against any future claims. 2. Special Warranty Deed: In this type of deed, the seller guarantees that they have not caused any defect to the property during their ownership. However, they do not guarantee against any defects that may have existed before they acquired the property. 3. Quitclaim Deed: A Quitclaim Deed transfers the seller's interest in the property to the buyer without any warranties or guarantees. It simply conveys whatever interest the seller may have, if any, without ensuring the validity of the title. This type of deed is often used in situations where there is a level of uncertainty about the ownership or title status. 4. Grant Deed: A Grant Deed is similar to a Warranty Deed, where the seller conveys their interest in the property to the buyer. However, a Grant Deed does not offer as strong of a guarantee as a Warranty Deed. It guarantees that the seller has not sold or transferred the property to anyone else, but it does not guarantee against defects or claims that may arise from prior ownership. It is important to consult with a qualified real estate attorney or legal professional when executing a Florida Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal. They can provide guidance on the specific deed type that best suits the transaction and ensure that all legal requirements are met to protect the interests of both the buyer and seller.
Florida Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal
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How to Write Date the document in dd/m/yyyy. Provide the name of the Grantor (seller) AND. The name of the Grantee (buyer) Mailing address. Enter the amount paid to the Grantor and is in receipt. Name of the County in which the property is situated.
What are Outstanding and Reserved mineral rights? Outstanding mineral rights are owned by a party other than the surface owner at the time the surface was conveyed to the United States. Reserved mineral rights are those rights held by the surface owner at the time the surface was conveyed to the United States.
The common law presumption is that a landowner owns everything below the surface down to the centre of the earth. However, a mines and minerals exception means that a landowner does not necessarily own the mines and minerals beneath the surface of their property.
Similar to the General Warranty Deed, the Special Warranty Deed conveys fee simple title and has the same five covenants of title. Where the Special Warranty Deed differs is that the application of the five covenants of title is limited to only the time period during which the seller owned the property.
Mineral resources are owned by the community and a royalty is a purchase price for the resource. The community expects a fair return for the loss of its non-renewable mineral resources.
With the exception of oil, gas, coal, gold and silver, the state does not own mineral rights in the UK. Generally minerals are held in private ownership, and information on mineral rights, where available, is held by the Land Registry together with details of land surface ownership.
A warranty deed is a document used in real estate to certify that a property is owned free and clear. This means that the owner is rightfully clear of any liens, mortgages, or any other types of claims. In other words, a warranty deed form is used to prove ownership.
The best way to determine who owns the mineral rights on a piece of land is to visit the courthouse and find the legal record of your property or your deed. You can also consult your local tax office, or depending on your community, you may be able to search for your title online.