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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 Rhode Island, a mineral deed is a legal document that transfers ownership rights of subsurface assets, such as oil, gas, coal, hydrocarbons, metals, and minerals, from the grantor to the grantee. This type of deed not only conveys the physical assets beneath the land but also the rights to any royalties, profits, or payments derived from those assets. The deed must be in writing, signed by the grantor, and should clearly describe the property and the extent of the rights being transferred. It must also be acknowledged by a notary and recorded with the appropriate county recorder's office to be effective against third parties. The specific regulations governing mineral deeds in Rhode Island would be detailed in state statutes, which would include provisions related to property transfers, recording requirements, and mineral rights. It is important for both grantors and grantees to understand the implications of such a transfer, including potential tax obligations and environmental liabilities, and they may benefit from consulting with an attorney to navigate these complexities.

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Real property

mineral deed

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Real property

mineral deed

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