Rhode Island Warranty Deed for Surface and Mineral Interests
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How to fill out Warranty Deed For Surface And Mineral Interests?
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FAQ
A person may also own rights to only one kind of mineral, such as oil and gas, or to only one formation or depth interval. The ownership of the mineral rights in a parcel can usually be determined by examining the deed abstract for the property.
With its vast reserves of oil and gas, Texas has specific guidelines around inherited mineral rights. In Texas, if mineral rights aren't explicitly mentioned in a will, they typically pass along with the surface land unless there's a prior legal document that separates them.
Owning a property's ?mineral rights? refers to ownership of the mineral deposits under the surface of a piece of land. The rights to the minerals usually belong to the owner of the surface property, or surface estate. In Texas, though, those rights can be transferred to another party.
What is a Mineral Deed? A mineral deed is a legal form that transfers ownership of part or all the minerals, gas, or water on or under the land. The owner of the mineral deed typically owns the option to extract minerals, but does not have any right to the surface of the land, or any buildings on it.
A Texas mineral deed with general warranty, used to convey all of the grantor's oil, gas, and other minerals under real property. This Standard Document has integrated notes with explanations and drafting tips.
When buying land, it's important that the mineral rights being sold with the property are actually owned by the person selling the surface estate, the Watson Law Firm says. The seller must own those rights in order to transfer them with the sale of the surface estate.
A warranty deed conveys an interest in real property to the named grantee with full warranties of title. Warranty deeds are statutory in Rhode Island under R.I.G.L. 34-11-15, and they convey real property in fee simple with the most assurance of title.