Ummm, so the ONLY rights that are covered with mineral rights, are minerals, and not excavations to make foundations, basements, or tornado bunkers, or underground parking garages, or basement water wells, or onsite septic... Just minerals?
Hello Elmer, every state has slightly different regulations, so I would recommend speaking with a local land use attorney, but my understanding is that mineral rights do not cover other excavations for construction, wells or septic.
What I am confussed about is that I just refinanced in CA, when I signed loan docs mid December there was a mineral rights acknowlegment & agreement form in the docs that I signed was this something that I shouldnt have signed I am not sure what this all means that someone can come & take my property where I live? whats odd is I refinanced with this same lender 7 months ago & there was no mineral rights acknowlgement agreement form back then when I signed docs?
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Am looking at buying a home and they wna keep the mineral rights should I move forward thoughts?
It really depends on the purchase price as well as whether there is mineral activity in the area. I hope this helps!
Is there a common depth limit for surface property?
I would consult a lawyer in the particular state you have property in.
Ummm, so the ONLY rights that are covered with mineral rights, are minerals, and not excavations to make foundations, basements, or tornado bunkers, or underground parking garages, or basement water wells, or onsite septic... Just minerals?
Hello Elmer, every state has slightly different regulations, so I would recommend speaking with a local land use attorney, but my understanding is that mineral rights do not cover other excavations for construction, wells or septic.
Thanks for the information, what exactly is an abstract company?
Hello Geraldine, an abstract company is a company that specifically produces abstracts of title: gokcecapital.com/abstract-of-title/
Wow this can become complex. But I'm sure a lot of it can be argued for.
A lot of the details will depend on the state you're in.
You're screwed if you're in Texas or Montana. Those 2 favor big corporations over their citizens.
I own land in North East Navada 2 Acer's no mineral rights can I still pan or metal detector gold search?
Hello Michael, every jurisdiction has slightly different laws around mineral rights so I would check with a local attorney to see if this is allowed.
What I am confussed about is that I just refinanced in CA, when I signed loan docs mid December there was a mineral rights acknowlegment & agreement form in the docs that I signed was this something that I shouldnt have signed I am not sure what this all means that someone can come & take my property where I live? whats odd is I refinanced with this same lender 7 months ago & there was no mineral rights acknowlgement agreement form back then when I signed docs?
Hello Burt, I would reach out to a local real estate attorney since mineral rights laws differ from jurisdiction to jurisdiction.
Thank you
are mineral right owners responsible for part of the property taxes?
It depends on the county and state, I would speak with the local tax assessor to see how mineral rights are taxed in your area.