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Oklahoma Quitclaim Oil...

Mineral Deed Trust

Name: Oklahoma Quitclaim Oil, Gas and Mineral Deed - Trust to Four Individuals
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.77 (291 reviews)

Category:

Oklahoma Real Estate - Deeds - Quitclaims

State:

Oklahoma

Control #:

OK-SDEED-8-8

Format:

Instant download

Description

This form is a Quitclaim Deed where the Grantor is a Trust and the Grantees are four individuals. Grantor conveys and quitcliams the described property to Grantees. Grantees take the property as tenants in common or joint tenants with the right of survivorship. This deed complies with all state statutory laws.

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How to fill out Oklahoma Quitclaim Oil, Gas And Mineral Deed - Trust To Four Individuals?

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FAQ

Fill out the quit claim deed form, which can be obtained online, or write your own using the form as a guide. The person giving up the interest in the property is the grantor, and the person receiving the interest is the grantee.

If you want to sell the mineral rights to another person, you can transfer them by deed. You will need to create a mineral deed and have it recorded. You should check with the county Recorder of Deeds in the county where the land is located and ask if a printed mineral deed form is available to use.

Recording A quit claim deed must be filed with the County Clerk's Office along with the required filing fee (varies by location). Signing (§ 16-26) This form is required to be authorized by the Grantor(s) in front of a Notary Public with their acknowledgment and seal.

A Quitclaim Deed must be notarized by a notary public or attorney in order to be valid.Consideration in a Quitclaim Deed is what the Grantee will pay to the Grantor for the interest in the property.

A person who signs a quitclaim deed to transfer property they do not own results in no title at all being transferred since there is no actual ownership interest. The quitclaim deed only transfers the type of title you own.

But you might be wondering if an owner can transfer a deed to another person without a real estate lawyer. The answer is yes. Parties to a transaction are always free to prepare their own deeds.A quitclaim deed, for example, is far simpler than a warranty deed.

To use a Quitclaim Deed to add someone to a property deed or title, you would need to create a Quitclaim Deed and list all of the current owners in the grantor section. In the grantee section, you would list all of the current owners as well as the person you would like to add.

The drawback, quite simply, is that quitclaim deeds offer the grantee/recipient no protection or guarantees whatsoever about the property or their ownership of it. Maybe the grantor did not own the property at all, or maybe they only had partial ownership.

Quitclaim deeds are most often used to transfer property between family members.Examples include when an owner gets married and wants to add a spouse's name to the title or deed, or when the owners divorce and one spouse's name is removed from the title or deed.

Mineral Deed Trust

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How to fill out Oklahoma Quitclaim Oil, Gas And Mineral Deed - Trust To Four Individuals?

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FAQ

Can you prepare a quit claim deed yourself?

How do I change ownership of mineral rights?

How do I file a quit claim deed in Oklahoma?

Do quit claim deeds need to be notarized?

Does a quitclaim deed give you ownership?

Can I prepare my own quit claim deed?

How do you put someone on a quit claim deed?

What are the disadvantages of a quit claim deed?

Why would you quit claim deed to yourself?

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