Mineral Rights

Definition of "Mineral rights"

Debbie  Polacek
Debbie Polacek Keller Williams Realty

Ownership rights to the minerals or other precious resources, such as petroleum, in one's property. A property owner having the mineral rights to the property can do one of three things with them:

  1. Personally recover the precious resources and sell them.
  2. Sell the rights to the resources to another party for a fee.
  3. Lease the mineral rights and receive a royalty.

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