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 Florida, a mineral deed is a legal document that transfers ownership of minerals and other subsurface resources from the grantor to the grantee. This type of deed typically includes the transfer of rights to explore, extract, and sell the minerals, as well as the right to receive any royalties or profits derived from those subsurface assets. The mineral rights can be sold separately from the surface rights, meaning that the owner of the surface land may not necessarily own the minerals beneath it. It is important to note that the conveyance of mineral rights must be in writing and should be recorded in the county where the property is located to provide notice to third parties and protect the grantee's interests. Florida statutes and case law govern the specifics of mineral deeds, including the necessary legal descriptions, the rights conveyed, and the implications for both grantors and grantees. An attorney specializing in real estate or natural resources law can provide specific guidance and ensure that a mineral deed complies with all applicable state regulations and properly protects the interests of the parties involved.