North Carolina Quitclaim Deed for Mineral / Royalty Interest

State:
Multi-State
Control #:
US-OG-067
Format:
Word; 
Rich Text
Instant download

Description

This form of deed addresses the situation where a party has been identified as owning an interest in a particular tract of land, but the party makes no claim to the interest. This form allows the party to Quitclaim and relinquish all claimed interest to the owner or owners of the interest.

How to fill out Quitclaim Deed For Mineral / Royalty Interest?

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FAQ

To properly convey land in North Carolina, the owner must execute and file a new deed with the register of deeds for the county in which the property is located. The most common types of deeds are the General Warranty Deed, the Special Warranty Deed, and the Non-Warranty Deed (also known as the Quit Claim Deed).

Drafting of legal documents, including deeds, mortgages, and other transaction documents must be prepared by a NC attorney. NCGS § 84-2.1. Non-attorneys may provide limited services in a real estate closing including witnessing of closing documents and receipt and disbursement of closing funds.

A North Carolina deed is used to convey real estate from one person to another in North Carolina. Deeds are required to have the name of the grantor, the name and address of the grantee, the name of the preparer and an acknowledgment by a notary.

In North Carolina, a quitclaim deed must include the following information: the grantor's name, the grantee's name, the legal description of the property being conveyed, the consideration paid for the property, any agreements made between the parties to the deed, and a statement of whether or not the grantor is making ...

Due to this, quitclaim deeds typically are not used in situations where the property involved has an outstanding mortgage. After all, it would be difficult for many grantors to pay off a mortgage without proceeds from the sale of the property.

Navigating the quitclaim deed process is an extremely arduous task to tackle on your own. You need a knowledgeable real estate attorney who can help you successfully transfer ownership for the most stress-free experience possible.

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North Carolina Quitclaim Deed for Mineral / Royalty Interest