Tennessee Term Royalty Deed for Term of Existing Lease is a legal document that pertains to the transfer of mineral rights or any royalties associated with a lease agreement in the state of Tennessee. This deed allows the owner (Granter) to convey a specific percentage or portion of their royalty interests to another party (Grantee) for a predetermined period of time, specifically for the term of an existing lease. The Tennessee Term Royalty Deed for Term of Existing Lease serves as a binding agreement between both parties, outlining the terms and conditions of the transfer. It specifies the royalty interest being conveyed, which can be a fixed percentage or fraction, and also identifies the lease or set of leases to which the royalty is attached. The deed further states the duration of the conveyance, aligning with the term of the existing lease agreement. Different types of Tennessee Term Royalty Deeds for Term of Existing Lease may include variations in the specific conditions and terms established in the agreement. For example, variations may be related to the percentage or fraction of the royalty interest being transferred, the duration of the conveyance, any limitations or restrictions on the use of the royalties, or the rights and obligations of the parties involved. It is important to consult with an attorney or legal professional experienced in Tennessee mineral rights and leases to ensure the proper execution of a Tennessee Term Royalty Deed for Term of Existing Lease, as the specific requirements and regulations may vary depending on the county or specific lease terms involved. This legal document can help facilitate the transfer of royalty interests between parties and provide clarity and security in the transaction.