what are mineral rights. In refference to obtaining squaters rights?

Answer 1

Mineral rights refers to ownership of the natural resources associated with a piece of property - anything on or under it. You own the trees, you own the gold or oil under it. Associated with the mineral rights might or might not be ownership of the surface area. For instance I bought a house in Amarillo, Texas once. I owned the address, the house, the garage, the fence, the sidewalk - but if there was oil under it someone else was getting a check for it - the mineral rights were reserved by a previous owner and were not passed on in the sales contract. There will be a specific notation in a real estate contract that states wheter or not mineral rights are included in any purchase.

'Squatters' Rights' was a term used when the US Western Frontier opened up for settlement. People could literally run out and stake out as big a land claim as they could before someone else got to it. A lot of people made claims so large they really could not tend all of it, and a lot of people would move in on already claimed land and 'squat' there, hoping the owner wouldn't find them. It was such an issue that laws eventually came into being protecting the squatters, deciding that if they had been there a certain number of years without interference they were entitled to keep the land. Kind of a conventional wisdom situation where it was obvious that someone had too big of a claim for them to handle, so they might as well give some of it up to help others settle the area.
Nowadays I believe that has all gotten behind us. What we have today is called 'adverse possession'. Adverse possession is where someone encroaches on someone else's property for a certain number of years without a complaint being made, and then if an issue ever comes up they can file a claim for the land showing they used/had possession of the land for a long time and no one ever objected, so they should be entitled to keep it. For instance, at my present home - I bought the place from a private owner and took the original survey at face value, didn't get a new one. When I went to refinance, the bank insisted on a new survey, and I found out my neighbor's driveway was over in my yard by seven feet! It had been like that for twenty years and I'd been living with it there for eight. The neighbor could have filed for adverse possession, but instead he did a lawn makeover and moved his driveway while he was at it. Nice guy!

Answer 2

Mineral rights are those given by the government to persons or companies to conduct mining operations in a specific area. Squatters are allowed if they given rights. If none, they can be apprehended for exploitation of natural resources.

Answer 3

Rockefeller's bought up all of Florida's land at 1 to 2 cents an acre.They then re-wrote all land deeds and claimed exclusive rights to any and all minerals.More slimy bastards with money.