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US Legal Forms
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California
Stockton
Term Royalty Deed for Term of Existing Lease

Stockton California Term Royalty Deed for Term of Existing Lease

Category:

Oil Gas and Minerals - Deeds

State:

Multi-State

City:

Stockton

Control #:

US-OG-047

Format:

Word;

Rich Text

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Description

This form provides for a conveyance of a royalty interest for a term, the duration of which is the life of an existing oil and gas lease.

Free preview

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Interesting Questions

How can I find legal help for a Term Royalty Deed in Stockton?

Look for attorneys who specialize in real estate or mineral rights in your area. It's best to have a pro on your side to guide you.

Are there any risks associated with a Term Royalty Deed?

Yes, there can be risks like potential damage to your property or disputes with resource extractors, so tread carefully.

What happens if my lease expires while a Term Royalty Deed is active?

If the lease ends, the rights under the Term Royalty Deed will still be in effect until the agreed term concludes, like a shadow that lingers.

Can I revoke a Term Royalty Deed once it's signed?

Not easily. Once it's in place, revoking it usually requires the agreement of all involved parties, so it’s important to think it through.

Do I need to notify my tenants about a Term Royalty Deed?

Yes, it's wise to inform your tenants. They need to understand any changes that could impact their use of the property.

How does a Term Royalty Deed affect my existing lease?

This deed can allow someone else to harvest resources from your property for the length of your lease, but it won't change your rights as the landowner.

What is a Term Royalty Deed in Stockton, California?

A Term Royalty Deed is a legal document that allows the owner to transfer the rights to minerals or resources in the land for a specific time while keeping the property itself.