Don’t Be Undermined
Unless you’re buying a condo, you might just assume you’re getting everything within your new home’s property lines: ground, water, air.
Usually, you’d be right.
The builder or homeowner who sells you a home transfers rights to the property to you. If the seller is holding onto certain rights, this must be disclosed, following directions set forth in state law. But what if your seller is unaware of rights the original developer retained? Or maybe you’re living in a state where no one has to tell you anything about it.
Yes, it happens.
Continue reading “Will You Own the Mineral, Water, and Air Rights to Your New Home?”
When purchasing real estate, it is common for surface rights
to convey to the buyer. But there are also subsurface rights, such as gas, oil,
and mineral rights, that do not always transfer. For any buyer in a real estate
transaction, it is important to be aware of exactly what they are receiving. If
they expect to have mineral rights, for example, it should not be just assumed
that those will convey when the deed is transferred into their name. In a lot
of cases, subsurface rights belong to the seller and will stay with the seller,
or they belong to a person or corporate entity that they were sold to a long
time ago, and not the current seller of the property.
Continue reading “A Reunified Estate: Bringing the Mineral and Surface Rights Back Together for Real Property”
Questions and concerns frequently arise when owners of residential property in suburban and rural areas discover that oil and gas operations are being conducted in the vicinity. The information below is intended to provide general answers to some of the most common questions.
Continue reading “Mineral Rights, Oil & Gas Exploration, and Surface Ownership in Texas”
Mineral rights have long been the subject of lawsuits,
federal government interventions, and of course, get-rich-quick stories. In the
famed television show The Beverly Hillbillies, Jed Clampett and his
family find themselves the beneficiaries of untold riches after discovering oil
on their property. For most mineral rights owners, though, possession of these
rights isn’t nearly so romantic—or lucrative.
Continue reading “How Are Oil, Gas, and Mineral Rights Affected by Real Estate Deeds?”