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
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
Top Opinion
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kresge 2011/06/04 18:30:05






















bet that dosen't happen in any other part of the world.
Under our principles of Eminent Domain, an appraisal consultant or judge determines the proper amount given to the owner. It happens all the time.
If you have a mineral lease on your property it's a mile down, or to china, whichever comes first, lol!!!
:)
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