Sell property without mineral rights.
If you own the mineral rights when selling your property you may want to reserve the rights for yourself and future heirs. Since gas, coal and oil are valuable minerals, reserving the mineral rights could be beneficial. As with any property deed the exclusion of the sale of mineral rights should be stated clearly and agreed upon by each party.
Instructions
1. Produce a deed as you would with any property. A warranty deed is the most common type of deed used because it offers assurance of a good title.
2. List yourself as the grantor along with any co-owner. In the same paragraph, list the state and location of the property.
3. List the amount for which you are selling the property next. Place the name of the buyers as the grantee(s). Include the county and state where the sale is taking place.
4. Mark the deed SEE ATTACHED EXHIBIT A. On a separate sheet titled EXHIBIT A, state that the property is sold with all rights except for the mineral rights. List each type of mineral separately. Follow this with a statement that all rights are reserved by the grantor and grantor's heirs. This reserves the mineral rights for future recipients of your estate.
5. Complete the document with a witness seal and date. This should be completed by a notary and stamped. The grantor signs the document.
Tags: mineral rights, with property
