Guam Mineral Deed with Limited Warranty

State:
Multi-State
Control #:
US-OG-061
Format:
Word; 
Rich Text
Instant download

Description

This form of deed conveys an undivided interest in minerals in specific lands.

Description: A Guam Mineral Deed with Limited Warranty is a legal document used to transfer ownership of mineral rights in Guam, an unincorporated territory of the United States. This deed provides limited guarantees of ownership, protecting the grantee from any defects that may arise during the granter's ownership period. The Guam Mineral Deed with Limited Warranty is typically used in transactions where the seller, known as the granter, wishes to convey their interest in mineral rights to a buyer, known as the grantee. This type of deed ensures that the granter has the authority to sell the mineral rights and that there are no undisclosed claims or encumbrances on the property. Keywords: — Guam: This refers to the unincorporated territory where the mineral deed is applicable. — Mineral Deed: The legal document that transfers ownership of mineral rights. — Limited Warranty: Indicates the restricted guarantees provided by the granter. — Transfer of Ownership: The process of transferring mineral rights from the granter to the grantee. — Defects: Any issues or problems that may arise in the ownership of the mineral rights. — Encumbrances: Claims or restrictions on the property that could limit or affect the ownership rights. Types: Different types of Guam Mineral Deeds with Limited Warranty may include variations based on the specific mineral rights being transferred or the terms and conditions set forth in the deed. Some possible variations may include: 1. Oil and Gas Mineral Deed with Limited Warranty: This type of deed specifically transfers ownership of oil and gas rights in Guam with limited warranty protection. 2. Metallic Minerals Mineral Deed with Limited Warranty: This variation is used to transfer ownership of metallic mineral rights, such as copper or gold, with limited warranty guarantees. 3. Non-Metallic Minerals Mineral Deed with Limited Warranty: This type of deed applies to the transfer of ownership for non-metallic minerals, including sand, gravel, or limestone, while providing limited warranty assurances. 4. Specific Timeframe Limited Warranty Mineral Deed: This variation may stipulate a limited warranty period during which the granter is responsible for any defects arising from their ownership, beyond which the grantee assumes full responsibility. These variations are not exhaustive, and the specific types of Guam Mineral Deeds with Limited Warranty may differ based on individual circumstances, agreements, and legal requirements.

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FAQ

New Mexico law requires Form RPTDA when a deed transfers residential real estate to a new owner. A completed Form RPTDA must be signed by the current owner, new owner, or authorized agent and filed with the county assessor within 30 days after the deed is recorded.

New Mexico Property Search (5 steps) Go to the county clerk's office in the county in which the property is located and ask for the land records department. Make sure you have the grantor's name. ... Using the grantor's name, look for the deed that transferred the property to the grantor as grantee.

A Florida special warranty deed offers protection to the buyer with a limited guarantee from the seller that the title to the property legally belongs to them and that there are no outstanding liens, mortgages, or other encumbrances against it during the period of time the seller owned the property.

A special warranty deed guarantees two things: The grantor owns, and can sell, the property; and the property incurred no encumbrances during his ownership. A special warranty deed is more limited than the more common general warranty deed, which covers the entire history of the property.

A deed in substance following the form entitled "quitclaim deed" shall, when duly executed, have the force and effect of a deed in fee simple to the grantee, his heirs and assigns, to his and their own use of any interest the grantor owns in the premises, without warranty.

While the seller in a Warranty Deed must defend the title against all other claims and compensate the buyer for any unsettled debts or damages, the seller in a Special Warranty Deed is only responsible for debts and problems accrued or caused during his ownership of the property.

Under a limited warranty deed a buyer will have full recourse against his seller, but only for defects that are created by the seller. There is little or no recourse against the seller or prior owners for defects created by prior owners, as in the case of a general warranty deed.

How to Write (1) Authorized New Mexico Filing Recipient. ... (2) New Mexico Grantor Name. ... (3) New Mexico Grantee Name. ... (4) New Mexico County Of Real Property. ... (5) Legal Description Of New Mexico Property. ... (6) Relevant Years. ... (7) Date Of New Mexico Conveyance. ... (8) New Mexico Grantor Signature.

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Step 6. Choose the formatting of the lawful form and obtain it on your system. Step 7. Complete, change and print or sign the Guam Warranty Deed Conveying Oil, ... This deed allows the buyer to acquire the rights to explore, develop, and extract oil, gas, and minerals from the designated property. The Guam Oil, Gas and ...A mineral deed conveys the rights to subsurface land or profits. Quitclaim Deed. A quitclaim deed conveys whatever interest the grantor has in the property, as ... Nov 19, 2010 — Each Section of the Manual will specifically identify the principal users of the document. COMPLIANCE WITH LAW. Nothing in this Right of Way ... Territory of Guam. In accordance with the provisions of Chapter 1, Title VI Civil Code of the Territory of Guam, the undersigned given notice to the ... Breach of such warranty, whether intentional or unintentional, shall be enforceable in ... 60 LAND MANAGEMENT The words file for record when used as a directive ... Dec 27, 2013 — The minerals may already be out. You don't know. You would have to run it all out, or complete a chain of title to figure out what is going on. Deed intake interview for creating a customized quitclaim deed, special warranty deed, warranty deed, or lady bird deed. Sep 17, 2019 — ○ Write the deed reference on the last page of the mortgage. ... A ​Special Warranty Deed​ is the type of deed used most frequently ... (1) A contract for the sale of minerals or the like (including oil and gas) or a ... (4) Remedies for breach of warranty can be limited in accordance with the ...

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Guam Mineral Deed with Limited Warranty