oil lease: How do I find out if I have the mineral rights to my property?
- 05/21/08 03:14 PM
In order to find out if you own the mineral rights you need to examine your title insurance policy, or in some states your abstract of deed. This describes all the liens against the property including the tax assessor, mortgages, easements, assessments like city sewer or water, and will show the mineral rights as a separate item if you do not own them, or possibly if you do own them. Laws vary greatly from state to state on mineral rights. In some states the mineral rights revert back to the surface owner after a period of years where the mineral owner … (4 comments)
oil lease: What are Mineral Rights?
- 05/20/08 02:40 PM
What are Mineral Rights? When purchasing a piece of real estate, the landowner purchase three rights, they are: - Air rights, are a type of development right in real estate. Generally speaking, owning or renting land or a building gives one the right to use and develop the empty space above the property. - Surface rights, which is the legal rights to work on the surface of the land. - Mineral rights, which represents the legal rights to explore for and produce the resources below the surface. In the petroleum industry, mineral rights can also be referred to as "land." Now … (1 comments)
In order to find out if you own the mineral rights you need to examine your title insurance policy, or in some states your abstract of deed. This describes all the liens against the property including the tax assessor, mortgages, easements, assessments like city sewer or water, and will show the mineral rights as a separate item if you do not own them, or possibly if you do own them. Laws vary greatly from state to state on mineral rights. In some states the mineral rights revert back to the surface owner after a period of years where the mineral owner … (4 comments)
;)
;)
