New Jersey Term Royalty Deed
Description
How to fill out Term Royalty Deed?
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FAQ
A royalty deed gives its holder the right to receive a percentage of the profits from the sale of the minerals, if and when they are actually produced. This kind of legal document does not convey all of the mineral rights to the holder, only the right to receive royalties.
You need to submit the original deed to the county clerk with the recording fee, which is $40 for the first page, and $10 for each additional page. Most counties also charge an additional $5.00 per document for the Homelessness Prevention Trust Fund. Camden and Middlesex Counties, for example.
Sign in the presence of a notary and have the deed notarized. Make a photocopy for each party to the transaction. Check the recording fees in your county. Record the documents at the county clerk's office.
Recording Fee of $45 for First page(summary page is counted as first page) $10 for each additional page, in addition the Transfer fee based on consideration, unless exempted by Affidavit of Consideration for seller form.
Can I prepare my own deed? Yes, but it is usually advised to have someone with a certain expertise in the field, such as an attorney or title company, prepare it for you to ensure it is correct. Employees of the County Clerk's Office may not do this for you.
That is not the case any more. You need to submit the original deed to the county clerk with the recording fee, which is $40 for the first page, and $10 for each additional page.
