On today’s show we’re talking about mineral rights. When we buy property, the mineral rights are usually part of the property itself. However, this is not a given. Often the mineral rights are separated from the property and can be subdivided in any number of ways.
For example, you might separate the oil and gas rights and sell those separately from the property to one entity. You could sell the water rights separately. You could sell the coal rights, and the gypsum rights. You might sell the remaining mineral rights to another party. There is no specific rule that says you have to do it any one way.
We are involved in the due diligence on a property where the title report consists of 259 pages. Buried deep in those pages are references to dozens of documents contained in the county records that grant certain rights to the holder.
Host: Victor Menasce