Mineral Interest ( everything below the surface) Typically, you buy a plot of land with the intent of building a house or commercial structure, or perhaps for agricultural purposes. This is the traditional type of land ownership of which we are most familiar. There are actually three types of ownerships: When it comes to ownership of land, there are 3 specific types of ownership. The owner might agree to lease the land for a parking lot but doesn’t want you to mine the oil that lies underneath. While you may have broad latitude in what you do on the land, there could be specific limits concerning what you’re allowed to do below the surface of the land. This can create a host of problems, concerns, and confusion with regards to specific properties. Sometimes with a new purchase, these limitations aren’t immediately evident. ![]() ![]() This can be limited in scope by a legally binding contract agreed upon by both buyer and seller. It is important to remember that when you own land, what you truly own is the right to use that land in a specific fashion. Mineral Owner Search & Title Search What Do You Really Own?
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