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.
Tennessee Correction to Mineral Deed As to Interest Conveyed
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Multi-State
Control #:
US-OG-314
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Word;
Rich Text
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How to fill out Correction To Mineral Deed As To Interest Conveyed?
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Proper wording would be something like, ?I the seller, hereby convey and warrant this property to the buyer.? That would be sufficient words of conveyance. Another item needed would be a property description. Typically, a legal description is used. Also, the grantor must sign the deed.
So when two parties engage in the sale of a piece of property, they transfer ownership through a conveyance. For instance, when a car owner legally signs the title over to a buyer, they are engaged in a conveyance. The term conveyance is commonly associated with real estate transactions.
The best option for correcting a deed in Tennessee is to record a correction deed. Other options, such as a scrivener's affidavit and re-recording the original deed, both have some drawbacks. The scrivener's affidavit can serve as a valid alternative when the original grantor is not available. Tennessee Correction Deed Forms - Deeds.com deeds.com ? forms ? correction-deed deeds.com ? forms ? correction-deed
Granting Clause Commonly referred to as the ?Granting Clause?, it identifies the grantor and grantee, and states that the property is being transferred between the two parties. Defines the interest or estate being conveyed and must agree with the words in the granting clause. Section 9 ? Part 2 SLIDE 12 ? Deeds - ProEducate proeducate.com ? courses ? FLRE ? Section... proeducate.com ? courses ? FLRE ? Section...
These words of conveyance, also termed words of grant or operative words, constitute the granting clause of the deed. Depending on the jurisdiction, the interest being conveyed and the warranties given by the grantor, these words are: "grant and convey" "grant, bargain, and sell" Deeds Of Conveyance - Virtual Underwriter Virtual Underwriter ? underwriting-m... Virtual Underwriter ? underwriting-m...
Steps to fixing an incorrect deed Determine if the error is harmless or fatal to the transfer of title. Decide what instrument is best suited to the error. Draft a corrective deed, affidavit, or new deed. Obtain the original signature(s) of the Grantor(s). Re-execute the deed with proper notarization and witnessing. How do I correct a mistake on a recorded deed? - PropLogix proplogix.com ? blog ? how-do-i-correct-a-... proplogix.com ? blog ? how-do-i-correct-a-...
Words of conveyance Commonly referred to as the ?Granting Clause?, it identifies the grantor and grantee, and states that the property is being transferred between the two parties.
There must be a granting clause, operative words of conveyance (e.g., "I hereby grant"); 6. The deed must be signed by the party or parties making the conveyance or grant; and 7. It must be delivered and accepted.
