Mississippi Warranty Deed for Surface and Mineral Interests
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How to fill out Warranty Deed For Surface And Mineral Interests?
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FAQ
In the United States, landowners possess both surface and mineral rights unless they choose to sell the mineral rights to someone else. Once mineral rights have been sold, the original owner retains only the rights to the land surface, while the second party may exploit the underground resources in any way they choose.
To research how to attain these rights, look at the county's courthouse. They typically have a deed record of mineral rights. From there you can contact the owners of the rights.
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.
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.
How do I transfer a deed in Mississippi? A processed, signed, and notarized deed must be presented to the Recorder of the Deeds in the same county of the property. Once the deed is accepted and signed, the transfer is complete.
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.
A deed must identify the current owner, new owner, and any other parties to the deed. The parties must be identified by name, mailing address, and telephone number. The identifying information must be on the first page below the 3-inch top margin. Property description or indexing information.
In summary, a Mississippi warranty deed reserving a life estate offers a flexible tool for estate planning, allowing property owners to pass on their property to chosen beneficiaries while retaining rights to the property during their lifetime. For use in Mississippi only.