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Gift Deed of Mineral Interest with No Warranty

Gift Deed of Mineral Interest with No Warranty

Name: Gift Deed of Mineral Interest with No Warranty
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.74 (379 reviews)

Category:

Oil Gas and Minerals - Deeds

State:

Multi-State

Control #:

US-OG-059

Format:

Instant download

Description

This form of deed conveys an interest in minerals, as a gift. In States, such as Texas, recognizing community property, a gift deed creates separate property in the grantee.

View Buyer's Notice of Intent to Vacate and Surrender Property to Seller under Contract for Deed

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View General Notice of Default for Contract for Deed

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View Seller's Disclosure of Forfeiture Rights for Contract for Deed

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View Seller's Disclosure of Financing Terms for Residential Property in connection with Contract or Agreement for Deed a/k/a Land Contract

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View Contract for Deed Seller's Annual Accounting Statement

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How to fill out Gift Deed Of Mineral Interest With No Warranty?

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FAQ

If you want to sell the mineral rights to another person, you can transfer them by deed. You will need to create a mineral deed and have it recorded. You should check with the county Recorder of Deeds in the county where the land is located and ask if a printed mineral deed form is available to use.

Mineral rights are automatically included as a part of the land in a property conveyance, unless and until the ownership gets separated at some point by an owner/seller.Conveying (selling or otherwise transferring) the land but retaining the mineral rights.

Mineral rights in Texas are the rights to mineral deposits that exist under the surface of a parcel of property. This right normally belongs to the owner of the surface estate; however, in Texas those rights can be transferred through sale or lease to a second party.

Let's start with the definition of a deed: DEED: A written instrument by which one party, the Grantor, conveys the title of ownership in property to another party, the Grantee. A Warranty Deed contains promises, called covenants, that the Grantor makes to the Grantee.

Call the county where the minerals are located and ask how to transfer mineral ownership after death. They will probably advise you to submit a copy of the death certificate, probate documents (if any), and a copy of the will (or affidavit of heirship if there is no will).

Gift made by way of movable property is required to be made in stamp paper and stamped by the notary or court. Registration of gift deed is not required in case of transfer of moveable property.Gift of immovable property which is not registered is not a valid as per law and cannot pass any title to the donee.

Date and Place where the deed is to be executed. Information about Donor and Donee like Name, Residential Address, Relationship among them, Date of Birth, etc. Details about the property. Two Witnesses. Signatures of Donor and Donee along with the witnesses.

A deed that names the seller/donor and the purchaser/donee. It states and describes the rights being sold or given. Filing of the notarized conveyance in the county government office which is generally the county clerk's office.

In a Non-Warranty Deed, the seller gives no warranties.In a Non-Warranty or Quitclaim Deed, the seller merely is giving the buyer whatever rights, if any, that the seller has in the property and the seller makes no warranties of any nature about the seller's rights in the property.

Gift Deed of Mineral Interest with No Warranty

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FAQ

How do I change ownership of mineral rights?

Do mineral rights transfer with property?

Do mineral rights transfer with property in Texas?

What is the difference between a deed and a warranty deed?

How do you transfer inherited mineral rights?

Does a gift deed need to be notarized?

How do I file for a gift deed?

How do I transfer ownership of mineral rights in Texas?

What does deed without warranty mean?

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