Do they own it all the way to the center of the earth?
2007-08-11 06:42:03 · 5 answers · asked by Rag Doll 2 in Business & Finance ➔ Renting & Real Estate
Actually, that has been determined in a court of law. According to some jurisdictions, if you own the land you do not necessary own the mineral rights (to the center of the earth) or the air rights (to the sky). But it depends upon the local laws and how land ownership has been interpreted.
2007-08-11 06:48:36 · answer #1 · answered by Cheryl G 7 · 5⤊ 0⤋
Rarely , most property sold today has already had the mineral (below ground) and air rights above a certain level sold .
But check with your county land office , they may have the specifics for your parcel .
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2007-08-11 14:10:20 · answer #2 · answered by kate 7 · 1⤊ 0⤋
Oil and Mineral rights are separate from the land. Its almost as if the land has two parts to it. Its rare to see the oil and mineral rights transfered as part of the land.
2007-08-11 13:54:10 · answer #3 · answered by Anonymous · 2⤊ 0⤋
No, basic real estate law will go a mile down and a mile up.
2007-08-11 13:57:50 · answer #4 · answered by f1scrilla 2 · 1⤊ 1⤋
No, for they have to negotiate "mineral rights" as well
2007-08-11 13:48:45 · answer #5 · answered by Experto Credo 7 · 2⤊ 2⤋