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.
New Jersey Correction to Mineral Deed As to Interest Conveyed — Detailed Description In New Jersey, a Correction to Mineral Deed As to Interest Conveyed refers to a legal document used to rectify errors or omissions in a previously recorded mineral deed. This document ensures precision and clarity in conveying the rightful ownership interests of minerals, such as oil, gas, or mineral rights, associated with a specific property. It is crucial to rectify any mistakes or inaccuracies in the original deed to avoid potential disputes or complications in the future. The Correction to Mineral Deed As to Interest Conveyed typically includes the following important information: 1. Parties: The names and identities of the parties involved in the correction, including the granter (original owner) and the grantee (receiver of the corrected interest). 2. Property Description: A detailed description of the property where the mineral interests are located. This description may include the county, township, section, and range, as well as any additional identifying information to properly identify the property. 3. Corrected Interest: The exact changes being made to the original mineral deed, specifying the type and extent of the interests being corrected. Examples include correcting the description of the interests conveyed, the percentages or fractions of ownership, or the inclusion/exclusion of certain mineral rights. 4. Original Mineral Deed Information: A brief summary of the original mineral deed, including the date it was recorded, book and page numbers in the county's records where it is indexed, and any other pertinent information necessary for identification. 5. Correction Declaration: A statement declaring the intent to correct the previous deed, acknowledging the inaccuracies or omissions, and clarifying the precise changes being made. 6. Signatures and Notarization: The document should be signed and acknowledged by the granter in the presence of a notary public. The grantee's signature may also be required to acknowledge their acceptance of the corrected interest. Types of New Jersey Correction to Mineral Deed As to Interest Conveyed: 1. Correcting Ownership Percentage: This type of correction is necessary when there is an error in the original deed regarding the percentage or fraction of ownership interests conveyed. For instance, if the deed incorrectly states a 30% interest when it should be 50%, a correction is needed to rectify the mistake. 2. Correcting Description of Interests Conveyed: If the original mineral deed contains inaccuracies in describing the specific rights or minerals conveyed, such as omitting or incorrectly identifying a certain mineral resource, this type of correction is required to ensure accuracy. 3. Correcting Inclusion/Exclusion of Mineral Rights: Sometimes, a mineral deed may inadvertently include or exclude certain mineral rights or interests. A correction is necessary to rectify any unintended inclusions or exclusions, ensuring the accurate conveyance of all intended interests. In conclusion, a New Jersey Correction to Mineral Deed As to Interest Conveyed is a vital legal instrument used to rectify errors, omissions, or inaccuracies in a previously recorded mineral deed. This document ensures the precise conveyance of mineral interests associated with a specific property, preventing any potential disputes or complications in the future.
