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.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

Popular Real Estate Terms

Popular Real Estate FAQ