Grantor conveys, with limited warranty, unto the grantees all of grantor's mineral interest, including but not limited to oil, gas, carbon dioxide, and all other minerals in, on and under certain property described in the document.
Pennsylvania Oil, Gas and Mineral Deed - Individual to Two Individuals
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Multi-State
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US-00576-A
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Word;
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FAQ
A Pennsylvania deed must be properly recorded and indexed to be effective against third parties. Deeds are filed for recording with the recorder of deeds for the county where the property is located. Recording must occur within 90 days after the transferor signs the deed if the transferor signs in Pennsylvania.
The PA deed transfer tax is generally about 2% of the final sales price, which consists of two different sets of fees: The state of Pennsylvania charges 1% of the sales price. The locality charges a second fee usually totaling about 1%, which is split between the municipality and school district.
Documents submitted for electronic recording are typically received back recorded within 1-2 days after submission. Counties that do not record electronically, such as Delaware and Chester County, PA, take 3-4 weeks to return recorded documents. Original recorded Deeds will be mailed to Grantee address provided.
What Are the Steps to Transfer a Deed Yourself? Retrieve your original deed. ... Get the appropriate deed form. ... Draft the deed. ... Sign the deed before a notary. ... Record the deed with the county recorder. ... Obtain the new original deed.
How to transfer mineral rights in Pennsylvania? A copy of the deed for the site must be obtained from a local courthouse in Pennsylvania by the new owner. Verify that the deed matches the description and that the so-called mineral rights are included in the property deed.
If you were to sell mineral rights in Bradford County Pennsylvania, you could expect to get anywhere from $500/acre to $5,000+/acre.
All deeds are to be signed in front of a Notary Public (just the grantor) and the grantee is to also sign the Certificate of Residency. Afterward, the deed may be filed with the Recorder's Office in the jurisdiction of the property.
Transfer by deed: You can sell your mineral rights to another person or company by deed. Transfer by will: You can specify who you want to inherit your mineral rights in your will. Transfer by lease: You can lease mineral rights to a third party through a lease agreement.
Pennsylvania allows property owners to separate the surface rights and the subsurface rights, which are oil, gas or mineral rights. When nothing is done, the property owner owns everything, surface and subsurface rights. The property owner may choose to sell or lease these subsurface rights.