google bot detected Overriding Royalty | Real Estate Glossary | Realestateagent.com

Overriding Royalty


Definition of "Overriding royalty"

Percentage of royalties derived from an oil and gas lease payable to someone other than the property lessor. It is a net royalty interest in the oil and gas recovered at the surface free of all operating expenses.



Related Real Estate Glossary terms

Related Real Estate FAQ