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 Georgia, a mineral deed is a legal document that transfers ownership of minerals and other subsurface assets from the grantor to the grantee. This type of deed typically includes the transfer of rights to oil, gas, coal, hydrocarbons, metals, and other minerals located beneath the surface of a property. Along with the ownership of the minerals, the grantee also acquires the right to receive any royalties, profits, or payments that are derived from the extraction and sale of these subsurface assets. The mineral deed must be in writing, signed by the grantor, and should be recorded in the county where the property is located to provide public notice of the transfer. It is important to note that the transfer of mineral rights can be separate from the surface rights, meaning that the ownership of the surface land and the subsurface mineral rights can be held by different parties. As with any legal document affecting real property, it is advisable to consult with an attorney to ensure that the deed complies with all relevant state statutes and properly reflects the intentions of the parties involved.