Vermont Term Royalty Deed that Terminates Upon Expiration of Lease

State:
Multi-State
Control #:
US-OG-046
Format:
Word; 
Rich Text
Instant download

Description

This form provides for a conveyance of royalty for a limited period of time. The interest conveyed terminates and reverts to the Grantor when the identified oil and gas lease terminates.

How to fill out Term Royalty Deed That Terminates Upon Expiration Of Lease?

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FAQ

To properly convey a deed the deed must be signed in front of a notary and recorded in the county clerks office. If a survey is referenced in the deed, that survey should also be recorded. If a deed divides a parcel a survey should be recorded with the deed.

A deed or other conveyance of land in Vermont is required to be signed by the granting party and acknowledged by the grantor before a town clerk, notary public, master, county clerk, or judge or register of probate and recorded in the clerk's office in the town where the land is situated.

Who can prepare a deed in Vermont? Vermont deeds are prepared by the persons or parties authorized to transfer the property or their attorney, who can file on their behalf.

(a) Deeds and other conveyances of lands, or of an estate or interest in land, shall be signed by the party granting the same and acknowledged by the grantor before a notary public and recorded at length in the clerk's office of the town in which the lands lie.

The preferred written instrument to convey a legal interest in land is a deed. There are two basic categories of deed used in Vermont to convey fee title and/or easements in land: the warranty deed; and the quit-claim deed.

In a typical real estate transaction, the deed is prepared by the seller, usually with the help of a title company or a real estate attorney. The use of a title company and/or experienced attorney ensures that title passes appropriately and all parties are aware of the warranties made.

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Vermont Term Royalty Deed that Terminates Upon Expiration of Lease