Mineral Rights
Definition of "Mineral rights"
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:
- Personally recover the precious resources and sell them.
- Sell the rights to the resources to another party for a fee.
- Lease the mineral rights and receive a royalty.
Popular Real Estate Terms
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Market price pf all the property prior to a condemnation proceeding. ...
Way of selling real estate in which a syndicator sells equity interests to investors. Examples include a real estate investment trust, limited partnership, and corporation. For example, a ...
Also called biannual; twice a year. An example is when lease payments are due January 1 and July 1. ...
Wood panels on a wall. ...
Angle from north or south of a property. When a real estate appraiser does surveying, it is looked at clockwise from north. It may assist in determining the form or boundaries of land. ...
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