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Real property

mineral deed

A mineral deed transfers all ownership rights in the assets under the surface of a tract of land—including oil, gas, coal, hydrocarbons, metals, and minerals—from the grantor (seller) to the grantee (buyer). The transfer also includes all rights to receive royalties, profits, or payments related to the assets under the surface of the land.

In Illinois, a mineral deed is a legal document that transfers ownership of minerals and other subsurface assets from the grantor to the grantee. This includes not only the physical minerals but also the rights to any royalties, profits, or payments derived from the extraction and sale of these minerals. The deed must be in writing, contain a clear description of the property, the specific minerals or rights being conveyed, and comply with all state requirements for a valid conveyance, including being signed by the grantor and notarized. Once executed, the mineral deed should be recorded with the county recorder's office where the property is located to provide public notice of the transfer. It's important to note that Illinois law may also require consideration of environmental regulations and potential liabilities associated with mineral extraction. An attorney can provide specific guidance on drafting a mineral deed and ensuring that all legal requirements are met for a valid transfer in Illinois.

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Real property

mineral deed

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Real property

mineral deed

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