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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 2025

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The document is a legal form for an Oklahoma Mineral Deed, detailing the transfer of mineral rights from a trust managed by two trustees to an individual. It includes instructions for completing the form, exemptions to documentary stamp tax, and a disclaimer regarding the use of the forms. The deed outlines the rights granted to the grantee, including access for mining and exploration, while also specifying conditions related to existing leases and encumbrances.

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What is required on a warranty deed in Oklahoma?

A lawful warranty deed includes the grantors full name, mailing address, and marital status; the consideration paid for the transfer; and the grantees full name, mailing address, marital status, and vesting. Vesting describes how the grantee holds title to the property.

What is required for a warranty deed in Oklahoma?

The signer requirements for an Oklahoma general warranty deed are that the grantor(s) must sign the form in the presence of a Notary Public. Additionally, the deed must be properly filled out and acknowledged by a notary before being filed with the Register of Deeds in the county where the property is located.

What makes a warranty deed invalid?

5. Can a warranty deed be challenged or invalidated? While a warranty deed provides strong protection, it is not immune to challenges. In certain situations, the grantors guarantee may be breached, such as if there is fraud, misrepresentation, or undisclosed title defects.

What are the 7 requirements for a deed to be valid?

Remember CEDDING for the Elements of a Deed Consideration (valuable or good) Execution (signed by a competent grantor and two witnesses) Description of property. Delivery and acceptance (voluntary) Interest or estate being conveyed (habendum clause) Names of a grantee and grantor. Granting and other appropriate clauses.

What is a trustee on a warranty deed?

The trustee holds the legal title until the borrower pays the debt in full, at which point the title to the property transfers to the borrower. If the borrower defaults on the loan, the trustee takes full control of the property.

Is a special warranty deed the same as a deed of trust?

A warranty deed ensures a buyer that the property is owned by the seller and is able to be sold without any encumbrances. A deed of trust is used in certain states, and represents a buyers guarantee with their lender to repay the property loan as scheduled.

Does a special warranty deed transfer ownership?

A special warranty deed is a legal document that transfers ownership of real property from one person to another.

What is included in a warranty deed?

All warranty deeds must include the date of the transaction, the name of the parties involved, a legal description of the property being transferred, a list of title defects and the signatures of the buyers.

Special Warranty Mineral Deed from a Trust (Two Trustees) to an Individual - Oklahoma 2025

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