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.
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Interesting Questions
Absolutely! You can write in any terms you want, just as long as they comply with the law. Clearly laying out the terms can prevent confusion down the road.
You can check with the county recorder’s office or do a title search. They can help you dig up the details and see if any royalties are tied to that property.
You bet it is! Recording the deed helps protect your rights and keeps things on the up and up. It’s like putting your flag in the ground.
If the property gets sold, the royalty rights usually stick around like glue. The new owner will have to honor the terms of the deed.
Changing a royalty deed isn’t as easy as pie. Generally, you’ll need to draft a new deed and have it signed by all parties. It’s best to tie up all the loose ends before signing.
While you can create a royalty deed without a lawyer, it's a good idea to get one involved. They can help you navigate the legal maze and make sure everything is above board.
A royalty deed is a legal document that gives someone rights to royalties, often related to oil, gas, or minerals under a property. In Saint Paul, this means if you sell the land, the buyer might have access to those resources.