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Quitclaim deed mineral

Quitclaim deed mineral 2025

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The document is a Texas Quitclaim Deed of Mineral and Royalty Interests, detailing the transfer of mineral rights from a trustee to three individuals. It provides instructions for completing the form, outlines how property can be held by multiple grantees (including Tenants in Common and Joint Tenants with Right of Survivorship), and includes disclaimers regarding legal advice and confidentiality rights. The deed specifies the effective date, grantor, grantees, property address, and conditions of the conveyance.

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How do you transfer ownership of mineral rights?

An attorney can create a deed or assignment that conveys the mineral rights to the new owners. The original deed will need to be recorded in the county where the minerals are located. If there are producing wells on the property, each operator will need to be notified of the change in ownership.

What are the disadvantages of a quit claim deed?

There was instances in the Ft Worth, Texas area where owners of homes in subdivisions were paid royalties since gas wells were drilled within the city. Bottom line, buying a home without minerals in a subdivision will not affect your resale price but if you have the minerals on acreages, this is a big plus in the sale.

What does it mean if someone has mineral rights to your property?

What Are Mineral Rights? Mineral rights are ownership rights that allow the owner the right to exploit minerals from underneath a property. The rights refer to solid and liquid minerals, such as gold and oil. Mineral rights can be separate from surface rights and are not always possessed by the property owner.

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