What Is Underneath Your Home? A Guide To Understanding Mineral Rights
Mineral rights are a type of ownership to the minerals and commodities that lie beneath your property. This entitles a party to come in and extract the oil, coal, stone, or other matter from your land, based on the terms of an agreement. This may be a cash sale paid to the land owner, or it may include royalty payments from the proceeds of the extracted commodities; of course, the land owner also has the option of contracting with a mining company without selling the rights to their property, too.
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