Do mineral rights cover resources on suface of the land (timber, crops) or only below the suface?
I know mineral rights can be separated from the land, but can rights to minerals be separated? For example, can one person own rights to rock that can be quarried & someone else own rights to pertroleum?
2006-07-20 06:39:32 · 3 answers · asked by Homer J. Simpson 6 in Business & Finance ➔ Renting & Real Estate
I'm not sure about above / below ground mineral rights relations.
I do know that you can specify and divide the type of mineral rights though in regards to oil/rock/coal etc...
2006-07-20 07:18:52 · answer #1 · answered by ReggieWjr1 4 · 0⤊ 0⤋
Certainly you should probably get a legal opinion based upon your own state's or country's laws. However, generally speaking, yes the mineral interests can be seperated from the land ownership. They can be divided any way that the seller chooses. In most cases, people who own land today do not own the mineral or water rights because they have been sold off or retained by the seller prior to the current owner acquisition of the property.
2006-07-20 13:49:31 · answer #2 · answered by RunningUte 3 · 0⤊ 0⤋
yes
2006-07-20 13:42:15 · answer #3 · answered by Lord Rupert Everton 3 · 0⤊ 0⤋