Massachusetts Correction to Mineral Deed As to Interest Conveyed

State:
Multi-State
Control #:
US-OG-314
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Word; 
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Description

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.

Massachusetts Correction to Mineral Deed As to Interest Conveyed is a legal document used to rectify errors or omissions in a previously recorded mineral deed. It is crucial to ensure the accuracy of the conveyed interest in mineral rights to avoid any disputes or complications in the future. A Massachusetts Correction to Mineral Deed As to Interest Conveyed can be categorized into two types: 1. Correcting a Partial Interest: This type of correction is required when there has been a mistake in conveying a partial interest in mineral rights. It may involve correcting the percentage or fraction of the interest conveyed to accurately reflect the true ownership rights of the parties involved. 2. Correcting the Entire Interest: In some cases, the entire interest in mineral rights conveyed in the original deed might be incorrect or incomplete. This type of correction aims to rectify the entire conveyed interest, ensuring that the proper and complete interest is accurately reflected in the corrected deed. When preparing a Massachusetts Correction to Mineral Deed As to Interest Conveyed, it is important to include specific information to ensure clarity and legal validity. The document should contain the following details: 1. Deed Information: Provide the original deed's recording information, including the date of recording, book and page number, and the county where it was recorded. This information helps to identify the original deed that requires correction. 2. Parties Involved: Clearly state the names and addresses of all parties involved in the correction, including the granter (original owner) and grantee (new owner) of the mineral rights. Additional parties such as notaries or witnesses may also be included if necessary. 3. Correcting Statements: Clearly state the correction that needs to be made. For example, if it is a partial interest correction, specify the correct percentage or fraction of the interest being conveyed. If it is a correction to the entire interest, state the correct interest being conveyed in detail. 4. Affidavit of Correction: Include an affidavit section where the granter attests to the accuracy of the correction and acknowledges that the original deed contained errors or omissions. This affidavit should be notarized to add legal validity. 5. Execution and Notarization: Leave space for the granter's signature, date of execution, and acknowledgment notarization. This ensures that the correction is properly executed and legally binding. It is essential to consult with a qualified attorney or legal professional to ensure that the Massachusetts Correction to Mineral Deed As to Interest Conveyed complies with all relevant laws and regulations. This document plays a crucial role in accurately conveying the rights and interests associated with mineral rights, providing clarity and preventing any potential disputes or confusion in the future.

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FAQ

A Texas mineral deed with general warranty, used to convey all of the grantor's oil, gas, and other minerals under real property. This Standard Document has integrated notes with explanations and drafting tips.

Hear this out loud PauseThe mineral rights on Texas land can be separated from the surface estate. As an investor, you can buy a unified estate including surface rights and below surface rights, or a split estate, only including the mineral estates.

Hear this out loud PauseA Texas mineral deed with general warranty, used to convey all of the grantor's oil, gas, and other minerals under real property. This Standard Document has integrated notes with explanations and drafting tips.

A royalty deed gives its holder the right to receive a percentage of the profits from the sale of the minerals, if and when they are actually produced. This kind of legal document does not convey all of the mineral rights to the holder, only the right to receive royalties.

Hear this out loud PauseMineral rights deeds are not the same as royalty deeds. Royalty deeds do not allow for surface access, or for the initiation of the extraction and sale of minerals. A royalty owner will only benefit economically if the mineral owner decides to produce and sell the minerals.

Hear this out loud PauseOwning a property's ?mineral rights? refers to ownership of the mineral deposits under the surface of a piece of land. The rights to the minerals usually belong to the owner of the surface property, or surface estate. In Texas, though, those rights can be transferred to another party.

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... Complete this form in 5 minutes or less. Get form. People also ask. Is a royalty interest a mineral interest? A quick overview of the differences between ... Make sure the document meets all the necessary state requirements. · If available preview it and read the description before purchasing it. · Press Buy Now.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 ... Mar 15, 2023 — The final step is to add an explanation for the correction. This provides third parties with a simple statement of why the Corrective Deed is ... fraction designated in a reservation clause is stated to be a mineral interest in land conveyed by the deed, the fraction is to be calculated upon the ... However, to ensure conveyance of mineral rights as a part of full title to the tract, the Program is offering $7.50 per acre for those rights. 72. Who makes ... Feb 12, 2019 — To create and record a correction deed, the preparer should obtain a copy of the current deed, and take the following steps: Step 1. Obtain your ... BASIC OIL AND GAS FORMS PROGRAM · Correction to Mineral Deed (As to Interest Conveyed) · Gift Deed of Mineral Interest (With no Warranty) · Mineral Deed (Reserving ... Jun 16, 2021 — Neither Correction Deed was signed by the grantees. The interests were later conveyed to Chisos Minerals and others. Jean sued Chisos and ... by PH Martin · 1997 · Cited by 27 — The executive right is generally understood to include the power to grant a lease with respect to the mineral interest of another person and the executive right ...

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Massachusetts Correction to Mineral Deed As to Interest Conveyed