Definition of "Royalty"

Mel Espinosa real estate agent
Mel Espinosa, Real Estate Agent Coldwell Banker Residential Brokerage - Wayne Office

Monies paid to use property, such as the use of natural resource extractions. The royalty payment is typically based upon some percentage of the income or fee for substances generated from the use of such property.

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

*** Your email address will remain confidential.


Popular Real Estate Terms

Popular Real Estate Questions