Rhode Island Correction to Mineral Deed As to Interest Conveyed

State:
Multi-State
Control #:
US-OG-314
Format:
Word; 
Rich Text
Instant download

Description

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.

Rhode Island Correction to Mineral Deed As to Interest Conveyed A Rhode Island Correction to Mineral Deed As to Interest Conveyed is a legal document used to rectify any errors or omissions in the original mineral deed pertaining to the interest conveyed. This correction is necessary to ensure accurate documentation of the parties involved and the specific mineral rights or interests being transferred. When it comes to Rhode Island Correction to Mineral Deed As to Interest Conveyed, there are two primary types: 1. Partial Correction: This type of correction is required when only a portion of the conveyed interest in the mineral rights needs to be rectified. It may be necessary if there was an oversight in indicating the correct percentage or if the original deed inaccurately listed the extent of the interest conveyed. A partial correction ensures that the actual interest held by the granter is accurately reflected in the mineral deed. 2. Full Correction: A full correction to a Rhode Island Mineral Deed As to Interest Conveyed is required when the entire conveyed interest in the mineral rights needs to be rectified. This could occur if there was a mistake in the initial transfer, such as an incorrect legal description or the omission of necessary parties involved. By executing a full correction, the parties involved can ensure that the corrected document accurately reflects their intentions and the actual interest conveyed. It's essential to ensure the accuracy of a Rhode Island Correction to Mineral Deed As to Interest Conveyed as any discrepancies or errors may have significant legal implications. It is advisable to consult with legal professionals experienced in real estate and mineral rights law to ensure the correct preparation and execution of this correction document. Keywords: Rhode Island, Correction to Mineral Deed, Interest Conveyed, mineral rights, legal document, rectify errors, partial correction, full correction, accurate documentation, parties involved, legal implications, real estate, mineral rights law.

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FAQ

General Warranty Deed A general warranty deed is the gold standard of property transfers. This type of deed is overwhelmingly used in residential purchases. Most lenders require a warranty deed for properties they finance. It offers buyers the greatest possible protection from future claims against the title.

The habendum clause is a clause in deed or lease contracts that defines the lessee's rights, types of interest, and other details of ownership. Consisting of basic legal language, they are included in real estate and mineral rights agreements to provide a clear understanding of the contractual terms.

Use the corrective deed to correct an error in a previously recorded deed of conveyance in Rhode Island. Correcting an error in a recorded deed helps prevent problems that might arise when the current owner tries to sell the property.

Granting Clause: The clause in the deed that lists the grantor and the grantee and states that the property is being transferred between the parties.

The most common way is through a will or estate plan. When the mineral rights owner dies, their heirs will become the new owners. Another way to transfer mineral rights is through a lease. If the mineral rights are leased to a third party, the new owner will need approval from the current lessee to claim them.

A habendum clause is a clause in a deed or lease that defines the type of interest and rights to be enjoyed by the grantee or lessee. In a deed, a habendum clause usually begins with the words "to have and to hold".

The granting clause contains the verbiage of transfer of any right, claim, or privilege an individual has toward land or real property (interest) while the habendum clause defines the estate granted and outlines the extent of the interest conveyed.

The covenant of seisin, meaning that the grantor warrants they own the property and has the legal right to convey it. the covenant against encumbrances, denoting that the grantor warrants that the property is free of liens or encumbrances, except as specifically stated in the deed.

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Oct 29, 2018 — Errors in a deed may create uncertainty about the title. Executing and recording a correction document is an easy way to prevent this. The best method for correction is to prepare and record a new document, a so-called corrective deed. This document does not convey title; instead, it confirms ...A mineral deed conveys the rights to subsurface land or profits. Quitclaim Deed. A quitclaim deed conveys whatever interest the grantor has in the property, as ... Mar 15, 2023 — The final step is to add an explanation for the correction. This provides third parties with a simple statement of why the Corrective Deed is ... Sep 29, 2020 — As a title attorney, I can tell you we often see mineral deeds convey overriding royalty interest. The title of the instrument has no effect, it ... ... Complete this form in 5 minutes or less. Get form. People also ask. Is a royalty interest a mineral interest? A quick overview of the differences between ... fraction designated in a reservation clause is stated to be a mineral interest in land conveyed by the deed, the fraction is to be calculated upon the ... BASIC OIL AND GAS FORMS PROGRAM · Correction to Mineral Deed (As to Interest Conveyed) · Gift Deed of Mineral Interest (With no Warranty) · Mineral Deed (Reserving ... First and foremost, double-check if the Wayne Correction to Mineral Deed As to Interest Conveyed is tailored to your state's or county's regulations. If the ... Recordable disclaimers of interest. Sec. 316. Correction of conveyance documents. Sec. 317. Mineral revenues. Sec. 318. Appropriation authorization.

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Rhode Island Correction to Mineral Deed As to Interest Conveyed