Mineral rights are the privileges granted to an individual or entity to extract and profit from the sale of natural resources such as oil, gas, and other minerals located on or beneath the surface of a piece of land. These rights can be sold or leased separately from the ownership of the land itself.
A nondisturbance clause is a contractual provision that ensures the continuation of rental or lease agreements, or surface development rights, despite certain legal or financial disruptions.
An Oil and Gas Lease is an agreement that grants the right to explore, extract, and sometimes market oil, gas, and other minerals from the land. These leases typically involve payments to the landowner in the form of bonuses, royalties, or rental fees.
Partial interest refers to the ownership of a portion of the ownership rights to a parcel of real estate. This can include rights such as mineral rights, easements on another's property, or leasehold rights.
A payment made for the right to use the property of another person for gain, often involving intellectual property or natural resources.
Detailed explanation of subsurface rights, their importance in real estate and mineral extraction, and how they differ from surface rights.
