This form conveys a royalty interest for a specified term of years. If there is production at the end of that term, or the lands are subject to an oil and gas lease, the interest will continue to be owned by the grantee until production ceases.
If no resources are found, the rights under the Royalty Deed typically remain with the holder until the deed specifies otherwise.
Yes, Florida has specific laws governing property rights and royalties, so it’s important to be familiar with local regulations.
Generally, once it’s signed and recorded, it can be difficult to change, unless both parties agree to it.
While you can draft one yourself, it’s wise to consult a lawyer to make sure everything’s done by the book.
Unlike a regular property deed that transfers ownership of land, a Royalty Deed only gives rights to specific resources without giving up land ownership.
It's usually used by landowners, investors, or companies interested in extracting resources from the land.
A Royalty Deed is a legal document that gives someone the right to receive royalties from the land's mineral rights or other resources, like oil or gas.