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You can sell the land and reserve the mineral rights. The wording of the deed has to specify it.
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∙ 9y ago
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How long after sale of land can the original owner retain mineral rights to the property?
The mineral rights need to be retained and reserved at the time of the sale. If you sell the land without reserving the mineral rights they are attached to the land and go with the land to the new owner.The mineral rights need to be retained and reserved at the time of the sale. If you sell the land without reserving the mineral rights they are attached to the land and go with the land to the new owner.The mineral rights need to be retained and reserved at the time of the sale. If you sell the land without reserving the mineral rights they are attached to the land and go with the land to the new owner.The mineral rights need to be retained and reserved at the time of the sale. If you sell the land without reserving the mineral rights they are attached to the land and go with the land to the new owner.
Can you sell the mineral rights to your land if there is a lien against it?
A prudent buyer would require that the lien be paid off before the sale. If not the buyer would purchase the rights subject to the lien.
Does fee simple include mineral rights?
Initially, land is conveyed from a government to private ownership by a land "grant" or a land "patent". The government may or may not include or exclude mineral rights in the land grant or land patent, or such rights may be governed by statutory law. A government may choose to lease or sell such mineral rights separate from the "land" or "real property". Subsequently, land or real property is conveyed from private ownership to private ownership by "Deed". A private owner could sell off the mineral rights to one party while selling off the land to another party. What is created is a "chain of title" (the land grant or patent, followed by a series of conveyance deeds). Generally, land conveyed "fee simple" also conveys the mineral rights from a Grantor to a Grantee, provided that the Grantor possessed such mineral rights to convey. To find out whether the Grantee has, and the Grantor had, such mineral rights requires tracing back the "chain of title" (usually with a County Clerk of Court or County Recorder of Deeds). One is looking for any deed restrictions or separation of mineral rights in such chain of title. Then one also needs to research whether Federal or State law (statutes) reserve mineral rights to the government through the land grant or land patent or any subsequent transfers. An important component of "mineral rights" is usually the "right of entry" to exploit such rights. While many mineral rights holdings lay "dormant", they often have a "superior" right to exploit the land as compared with a property owner. Which means that they can choose to excavate a huge hole or otherwise tear up your property to exploit what is underneath it. They "eventually" need to compensate you or to more or less put things back the way they were when they started - but they may have more rights to the land than you have to the property. It depends on the governing law (federal or state) and who granted what to whom and when.
What is the process of selling your mineral rights?
Rather than selling your mineral rights to a prescribed buyer, when you work with The Mineral Auction, we take your rights before a group of over 6,000 buyers who are ready and able to pay top dollar for your land rights. We sell your rights at auction, which encourages buyers to compete with each other, which consequently, increases the amount of money you will receive.For more info visit uniroyalties.com
Can I sell my mineral rights on my own?
While you certainly can sell your mineral rights on your own, it is difficult to get the full value out of your oil and gas royalties or mineral rights without working with an experienced and well-connected mineral rights broker. By putting your rights up for auction with the help of The Mineral Auction, you have the benefit of selling your rights to our network of over 6,000 interested buyers who will compete for your rights, allowing you to hold out for the best price rather than making a decision based on a much smaller pool of offers.For more help visit uniroyalties.com
How much are my mineral rights worth?
There are many different factors that will affect the value of your mineral rights. All of these factors will play a role in determining the value of mineral rights. Here are just a few of the factors that will affect mineral rights value:State & CountyLocation within the CountyWhether the property is producing royaltiesWhether the property is leasedOil and Gas PricesSurrounding ProductionLease TermsMineral Rights BuyersThe truth is that it's extremely difficult to determine the exact value of mineral rights until they are put up for sale. When you sell mineral rights and get the property in front of a large audience of buyers, it allows the market to determine the true value of your property. For additional information regarding the value of mineral rights, please visit uniroyalties.com
How do you get paid if you own mineral rights?
The only way to make money from your mineral rights is if an oil company wants to lease them to drill and then you make more money if they drill a producing well or if you sell them. The company leasing the mineral rights will arrange payment, usually by check, depending upon the lease agreement which is signed by the owner of the mineral rights and the leasing company.
If you sell land but retain a half interest in the mineral rights is the land owner obligated to contact you if he leases the land for drilling?
Yes. In addition, the company should perform a title examination before signing a lease to determine the legal owner of the land. The title examination will reveal your mineral rights and the drilling company should contact you.Yes. In addition, the company should perform a title examination before signing a lease to determine the legal owner of the land. The title examination will reveal your mineral rights and the drilling company should contact you.Yes. In addition, the company should perform a title examination before signing a lease to determine the legal owner of the land. The title examination will reveal your mineral rights and the drilling company should contact you.Yes. In addition, the company should perform a title examination before signing a lease to determine the legal owner of the land. The title examination will reveal your mineral rights and the drilling company should contact you.
What are some mistakes people make with their mineral rights?
There are several common mistakes that people make when they are looking to sell their mineral rights. One of them is waiting too long to sell, thinking that they will get more money ultimately. Another mistake many make is that they try to sell their rights themselves. Although this option might work for some, it can result in a lengthier, more stressful process and less profit for you. Fortunately, with the right mineral rights specialist working with you, you can avoid most, if not all, of these pitfalls.Visit uniroyalties.com
How do you sell mineral rights?
Get a landman. A buyer or seller can hire a representative of the oil and gas drilling company, generally known as a "landman" or "petroleum landman," to attempt to identify all owners of the minerals and holders of the executive rights. An oil and gas attorney is another resource for this task. Know it may not be easy. Thanks to a long history of severed mineral estates, many sellers have negotiated to keep the mineral rights for future income, even when they no longer own the surface of the land. And those ownership interests don't always stop there. For example, when minerals become part of an inheritance, the route to finding the true owner can become more complicated. Visit for more info uniroyalties.com
Why is an auction a good idea?
An auction is one way to sell your mineral rights, which are rights to oil, gas, or other minerals, and it can be beneficial to you for one main reason: auctions for mineral rights unite numerous qualified and reputable buyers who can drive up the price for your rights if there is enough interest. This means that you might get more money for your mineral rights than you would if you sold your rights on your own.Visit uniroyalties.com
Can an indivdual sell his portion of mineral rights when he is one third of an estate that has never been surveyed or divided?
Assuming you mean you and the others are tenants in common, generally yes, each can sell his or her percentage without the consent of the others. That may change if there's an agreement of some kind that controls the situation such as an inheritance that was part of a trust arrangement to keep the mineral rights in the family.
