A Mississippi Deed (As to Specified Subsurface Depths) refers to a legal document that specifically outlines ownership rights and restrictions regarding subsurface depths of a property located in the state of Mississippi, United States. This type of deed is often used to define and clarify the rights and limitations associated with the subsurface layers of land, including minerals, oil, gas, and underground water sources. Mississippi, being a state rich in natural resources, possesses various types of Mississippi Deeds (As to Specified Subsurface Depths) that cater to different scenarios and situations. These variations include: 1. Mineral Deed: A mineral deed is utilized to transfer subsurface mineral rights exclusively. It focuses on the ownership, exploration, and extraction of valuable minerals such as coal, oil, gas, metals, or precious stones found beneath the land. 2. Oil and Gas Lease: Specifically designed for oil and gas extraction, this type of Mississippi Deed grants a lessee the right to explore, develop, and produce oil and gas resources from designated subsurface depths. It typically includes provisions related to royalties and drilling obligations. 3. Water Rights Deed: This deed pertains to the ownership and use of water sources, particularly underground, for purposes such as irrigation, drinking water, industrial processes, or livestock watering. It ensures that the specified subsurface depths and conditions for water extraction rights are clearly delineated. 4. Mining Lease: A mining lease is applicable when there is an intention to extract minerals, other than oil and gas, from the subsurface depths. It addresses issues related to mining operations, environmental concerns, lease terms, and compensation. When dealing with a Mississippi Deed (As to Specified Subsurface Depths), it is crucial to consult with legal professionals well-versed in real estate and resource law. These experts can ensure that the deed accurately reflects the rights and limitations associated with the specified subsurface depths, providing clarity and protection for both parties involved in the transaction.
Mississippi Deed (As to Specified Subsurface Depths)
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FAQ
A quit claim deed must be recorded in the county where the property is located. In Mississippi, a quitclaim deed will not be valid against a purchaser or any creditor for valuable consideration without notice unless it is recorded in the county where the property is located.
An unrecorded deed is a deed for real property that neither the buyer nor the seller has delivered to an appropriate government agency. Unrecorded deeds can present many issues for sellers (or grantors) and buyers (or grantees) such as proof of ownership and tax implications.
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.
Mississippi deeds are recorded with the chancery clerk for the county where the property is located. The standard fee payable to the chancery clerk for recording a Mississippi deed is $25.00 for the initial five pages and $1.00 for each page over five. Some counties charge an extra $1.00 archiving fee.
A transfer-on-death deed must be executed as set forth in Title 89, Chapter 3, Mississippi Code or 1972, relating to necessary acknowledgements, and need not be executed with the formalities of a will.
