This form is used to when it has been discovered that through a drafting error the (Fraction or Percentage ) interest in the mineral estate conveyed in a Deed was stated incorrectly. It is the purpose of this instrument and the intention of Grantor and Grantee to correct this error, and to accurately state the actual mineral interest intended to be conveyed by the Deed.
Guam Correction to Mineral Deed As to Interest Conveyed: A Detailed Description A Guam Correction to Mineral Deed As to Interest Conveyed is a legal document that is used to rectify any errors or mistakes made in a previously recorded mineral deed pertaining to the conveyed interest in mineral rights. This corrective instrument ensures that the original intent of the parties involved in the mineral deed is accurately reflected in public records. The need for a Guam Correction to Mineral Deed As to Interest Conveyed may arise due to various reasons, such as: 1. Typographical Errors: If there were errors made in the spelling of names, descriptions of the mineral interest conveyed, or any other relevant details, a correction deed becomes essential to rectify such mistakes. 2. Omitted or Incorrect Legal Descriptions: Sometimes, the original mineral deed may fail to include or accurately describe a specific portion or interest in the mineral rights being conveyed. This correction document serves to accurately reflect the intended scope of the conveyed interest. 3. Incorrect Fractional Interest: In cases where the conveyed interest is expressed as a fractional interest, errors may occur in the fraction, leading to inaccuracies in the conveyed interest. The correction deed rectifies such discrepancies, ensuring the accurate representation of the conveyed interest. 4. Mistaken Identity: If there was an unintentional identification of the parties involved or the property being conveyed, a correction deed is necessary to accurately assign the rights to the rightful parties and property. By filing a Guam Correction to Mineral Deed As to Interest Conveyed, the parties involved aim to ensure clarity, accuracy, and legal certainty regarding the mineral rights conveyed. This document provides an opportunity to rectify any discrepancies and errors discovered after the original mineral deed's execution, thereby preventing potential disputes or misunderstandings in future transactions or legal proceedings. Different types or variations of Guam Correction to Mineral Deed As to Interest Conveyed may include: 1. Corrective Quitclaim Deed: This type of correction deed is commonly used to rectify errors related to the conveyed mineral interest in quitclaim deeds. It clarifies and corrects mistakes made in the original document, ensuring the accuracy of the conveyed interest. 2. Corrective Warranty Deed: Similar to a corrective quitclaim deed, a corrective warranty deed rectifies mistakes made in the conveyed interest in warranty deeds. It provides a legally binding correction to accurately represent the parties' intentions and the conveyed interest in mineral rights. 3. Corrective Special Warranty Deed: This type of correction deed is specifically used to address and correct errors or inaccuracies in the special warranty deed's conveyed interest. It provides a corrective measure to protect the parties' interests and ensure the validity of the conveyed rights. In summary, a Guam Correction to Mineral Deed As to Interest Conveyed is a crucial legal document used to rectify errors, omissions, or mistakes made in the original mineral deed's conveyed interest. By filing this correction deed, the parties involved ensure the accurate representation of their intentions and protect their rights in the conveyed mineral rights.
