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.
Title: Understanding North Dakota Correction to Mineral Deed As to Interest Conveyed Description: In this comprehensive article, we will provide you with a detailed explanation of what a North Dakota Correction to Mineral Deed As to Interest Conveyed is and its significance in property transactions. We will delve into the key aspects, processes, and legal considerations involved. Get insights into different types of North Dakota Correction to Mineral Deed As to Interest Conveyed and gain a clear understanding of this essential document used in mineral rights conveyance. Keywords: North Dakota Correction to Mineral Deed As to Interest Conveyed, mineral deed, mineral rights, property transaction, legal considerations, types, explanation, importance, conveyance Types of North Dakota Correction to Mineral Deed As to Interest Conveyed: 1. Correction of Ownership Interest: This type of correction applies when there is an error or misunderstanding regarding the specific percentage of ownership interest conveyed in the initial mineral deed. 2. Correction of Legal Description: This type of correction is necessary when the legal description of the property, such as boundary lines or parcel details, is inaccurate or incomplete in the original deed. 3. Correction of Reserved Interests: When a mineral deed inadvertently fails to reserve certain interests, such as overriding royalties or other revenue streams, a correction may be necessary to rectify the oversight. 4. Correction of Previous Conveyances: This type of correction is required when errors or omissions are discovered in previous mineral deeds or assignments that affect the interest conveyed to subsequent owners. 5. Correction of Parties Involved: In cases where there is a mistake in the names of the parties involved or their legal entities, a correction to the mineral deed becomes necessary to accurately reflect the correct identities of the granter and grantee. Throughout this article, we will explore the specific scenarios in which each type of correction may apply and discuss the necessary steps to rectify these errors. By understanding the various types of North Dakota Correction to Mineral Deed As to Interest Conveyed, both buyers and sellers can ensure that their property rights are protected and accurately represented.
