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Special Warranty Mineral Deed from a Trust (Two Trustees) to an Individual - Oklahoma

Special Warranty Mineral Deed from a Trust (Two Trustees) to an Individual - Oklahoma 2026

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The document is a legal form for an Oklahoma Mineral Deed, specifically for the transfer of mineral rights from a trust managed by two trustees to an individual. It includes instructions for completing the form, outlines exemptions to documentary stamp tax, and provides a disclaimer regarding the use of the forms. The deed grants rights to oil, gas, and other minerals on specified land while ensuring that the grantee receives benefits under existing leases.

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How to use or fill out Special Warranty Mineral Deed from a Trust (Two Trustees) to an Individual - Oklahoma

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Click ‘Get Form’ to open it in the editor.
Begin by entering the property address in the designated field. This is crucial for identifying the mineral rights being transferred.
Fill in the exemption documentary stamp tax section if applicable, referencing O.S. Title 68, Article 32, Section.
In the grantor section, input the names of both trustees and the trust agreement date. Ensure accuracy as this establishes their authority to convey the mineral rights.
Next, specify the grantee's name and address clearly. This identifies who will receive the mineral rights.
Attach Exhibit A with a detailed legal description of the property being conveyed. This is essential for clarity on what is included in the transfer.
Both trustees must sign and date the document at the bottom, ensuring that their signatures are notarized for legal validity.

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What is the purpose of a trustee deed?

Like a mortgage, a trust deed makes a piece of real property security (collateral) for a loan. If the loan is not repaid on time, the lender can foreclose on and sell the property and use the proceeds to pay off the loan.

Can a trustee give a warranty deed?

A trustee deed offers no such warranties about the title. A special warranty deed guarantees against title problems that occurred during a sellers ownership period, but not before.

How to transfer ownership of mineral rights in Oklahoma?

Ways to Transfer Mineral Rights in Oklahoma You can sell or assign your Oklahoma mineral rights to another individual or company. This typically involves executing a Mineral Deed or Assignment of Mineral Rights, which must be docHubd and recorded with the county clerk in the county where the property is located.

What is a special warranty deed in Oklahoma?

In a general warranty deed, the seller pledges that there are no problems with the title for the entirety of the lands ownership. Conversely, in a special warranty deed, a seller guarantees that during their ownership of the land they havent done anything to cloud the title.

What is the difference between a warranty deed and a trustees deed?

While a warranty deed protects the buyer, a deed of trust (or trustees deed) is a separate legal document that protects the lender in real estate financing. A deed of trust involves three parties: The borrower (trustor) The lender (beneficiary)

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