A New Hampshire Partition Deed for Mineral/Royalty Interests is a legal document used to divide or transfer ownership of mineral rights and royalty interests within a property located in New Hampshire. This deed is primarily utilized when multiple individuals own interests or shares in a property and wish to separate or distribute those interests amongst themselves. Keyword: New Hampshire Partition Deed for Mineral / Royalty Interests The New Hampshire Partition Deed for Mineral/Royalty Interests helps establish clear boundaries and rights concerning the extraction and distribution of minerals or royalties associated with a specific property. It ensures that each party involved maintains their rightful ownership and receives their fair share of profits generated from these interests. There are different types of New Hampshire Partition Deeds for Mineral/Royalty Interests, including: 1. General Partition Deed for Mineral/Royalty Interests: This type of partition deed is used when all the parties involved agree to divide the mineral or royalty interests equitably amongst themselves. It sets out the terms of the partition agreement, including the specific share of interests allotted to each party. 2. Forced Partition Deed for Mineral/Royalty Interests: In cases where there is a dispute or disagreement amongst the owners of mineral or royalty interests, a forced partition deed may be necessary. This deed allows the court to intervene and divide the interests in a manner it deems fair, overriding party preferences. 3. Partial Partition Deed for Mineral/Royalty Interests: In situations where only a portion of the mineral or royalty interests need to be separated or transferred, a partial partition deed is used. This document establishes the exact portion of interests being divided and preserves the remaining interests' ownership structure. 4. Absolute Partition Deed for Mineral/Royalty Interests: An absolute partition deed is used when one or more parties wish to completely relinquish their ownership rights in the mineral or royalty interests. It transfers the entirety of their share to other parties involved, effectively terminating their interest in the property. In conclusion, a New Hampshire Partition Deed for Mineral/Royalty Interests is a legal instrument that facilitates the division, transfer, or distribution of mineral rights and royalty interests amongst multiple owners. Whether it is a general, forced, partial, or absolute partition deed, this document ensures a clear and fair allocation of interests, providing legal protection and certainty to the parties involved.
New Hampshire Partition Deed for Mineral / Royalty Interests
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How to fill out New Hampshire Partition Deed For Mineral / Royalty Interests?
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FAQ
The ownership of rights to minerals, including oil and gas, contained in a tract of land. A mineral right is a real property interest and can be conveyed independently of the surface estate.
This is an estate or ownership in fee simple in and to the minerals. A conveyance or reservation of a mineral fee gives title to the minerals. The ownership of a mineral interest includes all ownership, including the right to execute oil, gas and mineral leases and the right to receive bonuses, rentals and royalties.
The term ?undivided interest? refers to a type of ownership in which multiple parties share ownership of a single asset without the property being physically divided among them. This is commonly seen in real estate, natural resource holdings, and certain types of financial investments.
You will need to sign the mineral deed form in front of a notary to confirm its authenticity, have it notarized, and have it recorded. The recorder of the deed can send a copy back to us, and you will keep a copy. And you are done!
Mineral rights deeds are not the same as royalty deeds. Royalty deeds do not allow for surface access, or for the initiation of the extraction and sale of minerals. A royalty owner will only benefit economically if the mineral owner decides to produce and sell the minerals.
Mineral Interest (MI) When the mineral rights are conveyed to another person or entity, they are ?severed? from the land, and a separate chain of title begins. When a person owns less than 100% of the minerals, they are said to own a fractional or undivided mineral interest.
Primary tabs. An undivided interest means that two or more persons have an interest in a property held under the same title. The undivided interest encompasses the whole property, and its holders have equal rights to the entire property. The undivided interest is not separated into parts or shares.
Form H1242, Verification of Mineral Rights | Texas Health and Human Services.