Mississippi Warranty Deed Conveying Oil, Gas, and Minerals - Mineral Rights Transfer

Category:

Real Estate - Deeds - Warranty

State:

Multi-State

Control #:

US-02060BG

Format:

Instant download

Description

A mineral deed is a document that transfers mineral rights in a property, which may include the right to disturb the surface to access the minerals. Mineral rights deal with the privilege of gaining income from the sale of oil, gas, and other valuable resources found on or below land. Mineral rights can be sold or leased separately from the land ownership. There is a considerable difference of court opinion as to the character of the interest created by such conveyance. Under the ownership-in-place theory, a fee simple estate in whatever mineral is conveyed passes to the grantee, but in states rejecting that theory, no definite title of any kind passes, and the grantee gains only the right to acquire title by entering on the land and extracting the specified mineral.

This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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How to fill out Warranty Deed Conveying Oil, Gas, And Minerals - Mineral Rights Transfer?

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FAQ

A warranty deed makes a promise to the buyer that the seller has good title to the property. A quitclaim deed, on the other hand, makes no promises. A quitclaim deed just says; whatever interest I have in this property, I give to you.

Otherwise, he or she might not know about it, even after your death. Earlier wills or TOD deeds. If you have made a will or previous TOD deed that leaves the property to someone, your new TOD deed will override it.

Content Requirements for Mississippi Deeds Title. A document title?such as Quitclaim Deed or Warranty Deed?must identify the type of document being recorded. Parties' identifying information. ... Property description or indexing information. ... Prepared-by statement. ... Return address.

A Mississippi quitclaim deed is a type of deed that transfers property with no warranty of title.

The most common way is through a will or estate plan. When the mineral rights owner dies, their heirs will become the new owners. Another way to transfer mineral rights is through a lease. If the mineral rights are leased to a third party, the new owner will need approval from the current lessee to claim them.

After a divorce, mineral rights can be transferred by submitting the divorce decree and conveyances to the county (where the minerals are located) for recording. They usually go to the same agency that records titles and property deeds. The county will return the recorded original documents to the new owner.

All deeds in Mississippi must be signed and recorded by witnesses in the presence of a public Notary. They must include the phone number of the grantee and grantor, and they must be filed with the Clerk of the Chancery Clerk's Office.

A Mississippi general warranty deed is used to transfer real estate in Mississippi and guarantee that the property is free from hidden claims against the title and that the grantor has the legal authority to sell the property.

Mississippi Warranty Deed Conveying Oil, Gas, and Minerals - Mineral Rights Transfer

Description

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How to fill out Warranty Deed Conveying Oil, Gas, And Minerals - Mineral Rights Transfer?

Form popularity

FAQ

What is the difference between a warranty deed and a quit claim deed in Mississippi?

Does a deed override a will in Mississippi?

What is required on a deed in Mississippi?

What is a quit claim deed in Mississippi?

How do I transfer inherited mineral rights?

How do I transfer mineral rights in Mississippi?

How do I transfer a deed in Mississippi?

What is a warranty deed in Mississippi?

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Mississippi Warranty Deed Conveying Oil, Gas, and Minerals - Mineral Rights Transfer

Description

Related forms

Viewed forms

How to fill out Warranty Deed Conveying Oil, Gas, And Minerals - Mineral Rights Transfer?

Form popularity

FAQ

What is the difference between a warranty deed and a quit claim deed in Mississippi?

Does a deed override a will in Mississippi?

What is required on a deed in Mississippi?

What is a quit claim deed in Mississippi?

How do I transfer inherited mineral rights?

How do I transfer mineral rights in Mississippi?

How do I transfer a deed in Mississippi?

What is a warranty deed in Mississippi?

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