What Type of Deed is Used to Transfer Mineral Rights?
Full Question:
Answer:
A mineral deed, warranty deed for mineral interests or quitclaim deed for mineral interests may be used to transfer mineral rights separate from the rest of the property. There are variations of deeds depending on whether there are royalties involved, etc. There are two basic types of deeds: a warranty deed, which guarantees that the grantor owns title, and the quitclaim deed, which transfers only that interest in the real property which the grantor actually has. The only type of deed that creates "liability by reason of covenants of warranty" as to matters of record is a general warranty deed. A quit claim deed contains no warranties and the seller doesn't have liability to the buyer for other recorded claims on the property. The purchaser takes the property subject to existing taxes, assessments, liens, encumbrances, covenants, conditions, restrictions, rights of way and easements of record.
