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If a person owns a piece of land, do they own it all the way down to the center of the earth?

jt 2011/06/04 17:40:28
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  • kresge 2011/06/04 18:30:05
    kresge
    +5
    Yes, the mineral rights beneath the land you own are also conveyed to you at the time of purchase of the land, UNLESS they have been sold previously. If those mineral rights where only leased, and then the future revenue associated with those rights may or may not be transferred to you depending on the agreement you have reached with the seller.

    I'm surrently leasing my rights for four years, with an option to renew in another 4 (they have to pay me again). If they drill and find gas, then the lease will extend indefinitely and I will receive royalities indefinitely. IF I sell my property, then I can either retain or transfer this lease to the new owner. Natrally, the selling price of my home would reflect whether or not it came with the lease and possiblity of future royalities. But, I aint selling......I love my home!1

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  • Mustachio57 2011/06/06 20:30:11
    Mustachio57
    i think so......its like...if u own a ranch u can dig a big hole in the ground.............srty...i just wasted ur tim.e...
  • Mrkando 2011/06/06 04:16:13
    Mrkando
    For all the good it will do you...yes! Of course if there happens to be oil sown there it may do you a lot of good. Of course that is a very big maybe.
  • Jerry 2011/06/05 20:14:01
    Jerry
    ..............yep..............
  • OzSin 2011/06/05 13:39:18
    OzSin
    +2
    I read a few years ago that this was the case in Japan, the government there wanted to put in underground freeway tunnels but had to buy the land under the houses where it was going.

    bet that dosen't happen in any other part of the world.
  • Beer30 OzSin 2011/06/11 08:37:31
    Beer30
    +1
    I can't speak for real estate law in Japan, but here in the USA if the govt or a private utility company wanted to install a freeway tunnel or underground pipeline --- yes --- they'd have to compensate the property owner.

    Under our principles of Eminent Domain, an appraisal consultant or judge determines the proper amount given to the owner. It happens all the time.
  • R3b3l 2011/06/05 04:37:33
    R3b3l
    +1
    in one country you only own 1 meter below the surface
  • Mark 2011/06/05 03:39:10
    Mark
    +1
    Depends on if they own the mineral rights to the land as well .
  • Armygeek 2011/06/05 03:26:10
    Armygeek
    +2
    Hell Yeah, but then again do we really own a piece of land? I mean if the Government can just come in and take it or tax the crap out of it we are just renting it. You need permits to dig and you have to call miss dig you make sure there are no utilities in your land. If there is a utility poll in your yard the city can come on your property to service it. If you grow crop around it they can drive over it.
  • keya 2011/06/05 02:12:43
    keya
    duh
  • greeneyesblondy 2011/06/05 01:17:39
    greeneyesblondy
    the answer would have to be no.. cause even if u own the land you really don't own it cause if you don't pay taxes on it it could be taken away from you. so what on earth do we truly own?
  • Cherie Bomb 2011/06/05 00:04:33
    Cherie Bomb
    Yes [: I believe so [:
  • Jack's Pearl 2011/06/04 23:47:56
    Jack's Pearl
    I guess. LOL
  • Golden Ratio 2011/06/04 22:15:40
    Golden Ratio
    Unless you own the mineral rights, and have a mineral lease on your property you only own that which is part of your house, like the plumbing, or foundation, basement and such as is connected to your home, which in most cases is about 35 feet.
    If you have a mineral lease on your property it's a mile down, or to china, whichever comes first, lol!!!
  • Lala 2011/06/04 18:58:25
    Lala
    Maybe not down to the center of the earth, just on the crust.
    :)
  • kresge 2011/06/04 18:30:05
    kresge
    +5
    Yes, the mineral rights beneath the land you own are also conveyed to you at the time of purchase of the land, UNLESS they have been sold previously. If those mineral rights where only leased, and then the future revenue associated with those rights may or may not be transferred to you depending on the agreement you have reached with the seller.

    I'm surrently leasing my rights for four years, with an option to renew in another 4 (they have to pay me again). If they drill and find gas, then the lease will extend indefinitely and I will receive royalities indefinitely. IF I sell my property, then I can either retain or transfer this lease to the new owner. Natrally, the selling price of my home would reflect whether or not it came with the lease and possiblity of future royalities. But, I aint selling......I love my home!1
  • BALANCED kresge 2011/06/04 19:03:44
    BALANCED
    +1
    excellent complete answer !!
  • Dub kresge 2011/06/05 04:25:49
    Dub
    If I own my land and someone else owns the mineral rights, how can they get to what they own with my land directly on top without wrecking up my yard?
  • Gloria 2011/06/04 17:50:01
    Gloria
    Just guessing; I think you need mineral rights. Then again it might depend on if it a red state, a blue state, in the EU unless it Lichtenstein or Monaco, or on idiginous land, & if you made your neighbors angry by putting up a chain-link fence.
  • cmdrbnd007 2011/06/04 17:49:43
    cmdrbnd007
    No, in most cases some other entity owns the mineral rights and the person only owns the very top layer.
  • Lerro DeHazel 2011/06/04 17:46:45
    Lerro DeHazel
    No, they have to own the Mineral Rights also. That is why if you are a Yankee and you think that you can move down to Texas and get rich off of the Oil Fortune beneath the ground; you need to find out what kind of red-tape that you have to go through in order to obtain Mineral Rights.
  • historian 2011/06/04 17:46:10
    historian
    You don't own anything, you only hold onto it until you can't pay the taxes(rental fee) or the government wants to take it to give to a company wanting to build a strip mall.
  • cellophane 2011/06/04 17:46:01
    cellophane
    Only if they have full ownership of water and mineral rights.
  • ELLIE 2011/06/04 17:45:43
    ELLIE
    I would think so because if there is something found ie, oil,then people would try and buy the rights for it.
  • shinnis 2011/06/04 17:44:24
    shinnis
    No...and they never really own it either. Which I think is really wrong. Property taxes. And if you don't pay...they can take the property away. After you have paid for the property. Wrong!
  • Doc. J 2011/06/04 17:44:23
    Doc. J
    I believe so....unless they hit oil on the way down, because "Uncle Sugar" owns all the oil found under the United States.
  • relic 2011/06/04 17:43:25
    relic
    Read the deed. Most land that has been sold in the last hundred or so years excluded mineral rights. A prior land owner still owns anything of value discovered under "your" land.
  • baboula 2011/06/04 17:42:48
    baboula
    of course not - what about the person on the other end?
  • Jackie G - Poker Playing Pa... 2011/06/04 17:42:35
    Jackie G - Poker Playing Patriot
    Depends, is there oil, gold or silver on it??

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2014/11/22 03:09:31

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