Title: Exploring Ohio Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal Keywords: Ohio Warranty Deed, Surface and Mineral Interests, Reservation of All Coal, types Introduction: Ohio is renowned for its rich and diverse natural resources, including surface and mineral interests. When it comes to conveyance of property rights involving both surface and mineral rights, the Ohio Warranty Deed with a Reservation of All Coal plays a vital role. This legal instrument ensures the protection of the granter's interests while transferring ownership of the property. Let's delve deeper into the intricacies of this document and explore any potential variations it may have. Overview of Ohio Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal: The Ohio Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal is a legal document used to transfer ownership and grant a warranty of title for both the surface and mineral rights of a property. This deed form is specifically applicable to Ohio and is executed by the granter (seller) to the grantee (buyer). Key Elements of the Deed: 1. Granter and Grantee Details: The deed will clearly state the names and addresses of the parties involved in the transfer. 2. Description of the Property: The deed will contain a detailed legal description of the property being transferred, including boundaries and any relevant survey details. 3. Granting Language: This section confirms the granter's intent to convey the property, along with the warranties provided by the granter. 4. Reservation of All Coal: The central feature of this type of Ohio Warranty Deed is the reservation of all coal rights, ensuring that the granter retains the ownership and rights to all coal deposits beneath the surface. 5. Warranty and Encumbrances: The granter will warrant that the property is being transferred free from any liens, encumbrances, or claims. Types of Ohio Warranty Deeds for Surface and Mineral Interests, With Reservation of All Coal: 1. Simple Ohio Warranty Deed with Reservation of All Coal: This is the standard and most commonly used version of the deed, where the granter transfers ownership of the property to the grantee while reserving all coal rights. 2. Ohio Warranty Deed with Additional Reservation Clauses: In specific situations, additional reservation clauses may be added to the document, allowing the granter to reserve rights to other minerals, such as oil and gas. Conclusion: The Ohio Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal is a crucial legal document in property transactions involving surface and mineral rights. By reserving coal ownership, the granter ensures the right to exploit this valuable resource while granting the buyer comprehensive warranties. Different variations of this deed may exist, but they primarily depend on the specific rights and interests the granter seeks to reserve or convey. It is essential to consult with a legal professional when preparing or interpreting this type of real estate document to ensure compliance with Ohio law.
Ohio Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal
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An attorney licensed to practice law in Ohio must prepare deeds, powers of attorney, and other instruments that are to be recorded. One exception is that a party to the transaction may prepare an instrument in which they are a party. Ohio Real Estate Practices - Virtual Underwriter virtualunderwriter.com ? real-estate-practices virtualunderwriter.com ? real-estate-practices
If you want to obtain a copy of the deed to your home, contact your local county recorder. In Ohio, county recorders are responsible for maintaining land records and making them accessible to the public. The Ohio Revised Code establishes fees recorders may charge for various services.
Instructions for filling out deeds Read the entire form carefully. ... Enter all the names of the current owners of the property as the grantors on the deed. Enter all the names of the persons you want to be owners of the property as the grantees. ... Attach the legal description of the property from the prior deed. Warranty Deeds - Ohio Deeds libguides.com ? deeds ? warrantydeeds libguides.com ? deeds ? warrantydeeds
Ohio Revised Code Chapter 5301 Grantor must sign deed in front of a notary, or before a judge or clerk of a court of record in this state, or a county auditor, county engineer, or mayor.
What are Outstanding and Reserved mineral rights? Outstanding mineral rights are owned by a party other than the surface owner at the time the surface was conveyed to the United States. Reserved mineral rights are those rights held by the surface owner at the time the surface was conveyed to the United States. Frequently Asked Questions On Outstanding and Reserved Mineral ... usda.gov ? Internet ? stelprdb5092919 usda.gov ? Internet ? stelprdb5092919
In a typical real estate transaction, the deed is prepared by the seller, usually with the help of a title company or a real estate attorney. The use of a title company and/or experienced attorney ensures that title passes appropriately and all parties are aware of the warranties made.
Yes, it can be beneficial to sell your mineral rights for a fair price, even producing rights. First, sellers must be aware of the different stages of the production process. They must also know the value their minerals and royalties command in every development stage. Why Sell Your Mineral Rights - 6 Factors to Consider pheasantenergy.com ? why-sell-mineral-rights pheasantenergy.com ? why-sell-mineral-rights
In Ohio, only an attorney can draft a deed for others. All title companies must use an attorney to draft deeds. Many clients ask why they need to engage a lawyer to draft a deed if they can download a form off the Internet.