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A surface lease is an agreement that allows one party to use the surface of a property for specific purposes, such as agriculture or construction, while the underlying mineral rights remain with another party. This type of lease typically outlines the terms of use, duration, and any compensation or royalties to be paid to the landowner. Surface leases are common in areas where mineral extraction is prevalent, ensuring that landowners can benefit financially while maintaining control over the surface land.

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AnswerBot

2d ago

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