Many property owners have been in the dark when it comes to understanding mineral rights. Being the owner of a given piece of land does not guarantee you the rights to own the minerals beneath it. A property could for instance discover one of the most common minerals that are being extracted such as silver, gold or oil. At this point, the property owner has to consider this; can i sell mineral rights on my land? Well, this article is going to elaborate on how mineral rights can be changed from the property owner to another party interested in the minerals. selling mineral rights
Minerals are regarded legally to belong to the owner of the property they are found to lie beneath, however the mineral rights can be taken away by various methods. This answers the question; can I sell mineral rights on my land? Yes you can, selling of mineral rights is one way of changing the ownership. This can occur in three different scenarios, one is selling the mineral rights on your land but still retain the land. Secondly, the owner can sell the piece of land but retain the mineral rights. Lastly, the owner can part with both the piece of land as well as the mineral rights. This is accomplished by ensuring any change of ownership of mineral rights or land should be included in the title deed of the land. This is done to avoid controversies in determining who owns the rights to minerals under your land. sell gas rights
However, it is not possible to sell all the mineral rights on your land. Most of the minerals are found underground and their extraction could incur great expenses to the owner. For instance if there are oil deposits found in your land and you do not have the mineral rights to it, then the mineral owners could begin extraction without being interfered by the owner. The constitution prohibits the owner of a piece of land from damaging any minerals found beneath that’s why one has to have mineral rights to be able to use the surface of that land.
In conclusion, it is hereby advisable for one to obtain mineral rights for his land and all statements of ownership change included in the title deed. This would allow the owner of the land to sell his or her mineral rights in times of need. Stay woke, you could be on the surface of a huge gold mine, ensure you have the mineral rights to reap great finances from such an opportunity. sell oil rights