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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 Virginia, a mineral deed is a legal document that transfers ownership rights 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 other payments that arise from the extraction and sale of these resources. The deed must be in writing, signed by the grantor, and should clearly describe the property and the extent of the mineral rights being transferred. It is also required to be recorded in the local county clerk's office where the property is located to be effective against third parties. Virginia law governs the specifics of how these transfers are conducted and any reservations or exceptions that might apply. It's important for both grantors and grantees to understand that mineral rights can be severed from surface rights, meaning that ownership of the surface land can be retained by one party while another holds the rights to the minerals below.

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Real property

mineral deed

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Real property

mineral deed

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