Washington Correction to Mineral Deed As to Interest Conveyed

State:
Multi-State
Control #:
US-OG-314
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Word; 
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Description

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.

A Washington Correction to Mineral Deed As to Interest Conveyed is a legal document used to correct any errors or discrepancies in a previously recorded mineral deed in the state of Washington. This correction ensures that the owner's interest in the mineral rights is accurately conveyed and recorded. One type of Washington Correction to Mineral Deed As to Interest Conveyed involves correcting errors in the legal description of the property. This may occur if there was a mistake in identifying the boundaries, specific location, or acreage of the property in the original mineral deed. Another type of correction pertains to errors in conveying the mineral interest percentage or the nature of the interest. This may include situations where the previous deed incorrectly identified the portion of the interest conveyed or failed to specify the specific type of interest, such as fee simple, fractional interest, or non-participating royalty. It is essential to address any errors promptly by executing a Washington Correction to Mineral Deed As to Interest Conveyed to avoid potential disputes or clouded title issues that may complicate property transfers or transactions. When preparing a Washington Correction to Mineral Deed As to Interest Conveyed, it is crucial to include the correct legal description of the property, identifying any errors made in the previous mineral deed. Additionally, the document should clearly state the correct mineral interest percentage or type of interest being conveyed. By filing this correction, the property owner ensures an accurate record of their mineral rights, which can be critical in determining ownership, leasing, or selling rights in the future. Keywords: Washington, Correction to Mineral Deed, Interest Conveyed, legal document, errors, discrepancies, recorded, mineral rights, property, legal description, boundaries, location, acreage, mineral interest percentage, nature of interest, fee simple, fractional interest, non-participating royalty, disputes, clouded title, property transfers, transactions, accurate record, ownership, leasing, selling rights.

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FAQ

Mineral rights give ownership of the mineral assets (metals and fossil fuels) below the surface of an area of land. Mineral rights owners are given the right to explore, develop, and extract the minerals. Mineral owners may choose to drill oil and gas wells or excavate hard rock materials like gold.

A mineral owner's rights typically include the right to use the surface of the land to access and mine the minerals owned. This might mean the mineral owner has the right to drill an oil or natural gas well, or excavate a mine on the property.

Mineral rights can expire if the owner does not renew them or if they go unclaimed for a certain period of time. Mineral rights can also be sold, fractionalized, or transferred through gifting or inheritance.

Surface rights are what you own on the surface of the property. These include the space, the buildings and the landscaping. Mineral rights, on the other hand, cover the specific resources beneath the surface. In areas designated for mining, it's common for surface rights and mineral rights to be separate.

Typically, a property conveyance (sale) transfers the rights of both the surface land and the minerals underneath until the mineral rights are sold. Mineral rights convey or are conveyed ? meaning transferred to a new owner ? through a deed.

Use the corrective deed to correct an error in a previously recorded bargain and sale, warranty, or quitclaim deed in Washington State. Once a deed has been recorded, it cannot be changed and remains part of the public record. It is possible, however, to amend that record by adding a newly executed deed.

In the United States, mineral rights can be sold or conveyed separately from property rights. As a result, owning a piece of land does not necessarily mean you also own the rights to the minerals beneath it. If you didn't know this, you're not alone. Many property owners do not understand mineral rights.

What are Outstanding and Reserved mineral rights? Outstanding mineral rights are owned by a party other than the surface owner at the time the surface was conveyed to the United States. Reserved mineral rights are those rights held by the surface owner at the time the surface was conveyed to the United States.

The value of mineral rights per acre differs from state to state. Typically, the price ranges from $100 to $5,000 per acre in several states. In Texas, the average price per acre for non-producing mineral rights is usually between $0 and $250 per acre, as a general guideline.

Washington has a ?dormant mineral? statute (RCW 78.22, et seq.) that allows the surface owner to attempt to terminate unused mineral rights after 20 years of nonuse.

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Oil Gas and Minerals. If you are looking for a state-specific legal template, check out US Legal Forms. Browse through the list of reusable templates and ... Send the form to other people via email, create a link for quicker document sharing, export the sample to the cloud, or save it on your device in the current ...A mineral deed conveys the rights to subsurface land or profits. Quitclaim Deed. A quitclaim deed conveys whatever interest the grantor has in the property, as ... This is the person(s) conveying interest in the property. If sale is less than 100%, check the box “Check if partial sale” and fill in the percentage sold. Mar 15, 2023 — Instead, the Corrective Deed corrects the documents relating to the prior transfer of interest. ... the second deed may file a Scrivener's ... ... title abstract company doing business in the locale where the lands are located. ... the United States may file an application to purchase such mineral interests ... Apr 14, 2023 — Ambiguity in deed language or legal descriptions: Ambiguous language in deeds can create competing claims to the same interest. Examples include ... Conveyance documents, if applicable, that deed land to an adjoining property owner as part of the boundary line adjustment. These documents should be brought to ... • Changing the nature of a mineral interest. Page 12. The Supreme Court. • According to the Court, allowing “correction deeds to convey ... file, or a BFP could. Correction to Mineral Deed (As to Interest Conveyed) · Gift Deed of Mineral ... Deed in Lieu of Prior Deed (To Correctly State Amount of Interest Conveyed).

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Washington Correction to Mineral Deed As to Interest Conveyed