What is The Definition of Mineral Lease?
The definition of Mineral Lease is: Agreement between a mineral owner (lender) and a commercial or land owner (lease) in which the lender gives the tenant the right to explore, drill and manufacture oil, gas and other minerals for a specified period. ۔ Oil and gas leases are given to the lender in exchange for a license fee.
Literal Meanings of Mineral Lease
Meanings of Mineral:
Solid inorganic substances of natural origin.
Soft drinks (in commercial use)
From the position of Minerals or.
Sentences of Mineral
Identify the minerals or compounds present
He said that although the prices of soft drinks and minerals are high, the main reason is the government's ICMS, which is the same in soft drinks and alcoholic beverages.
Minerals such as zinc oxide
Synonyms of Mineral
motionless, insentient, insensate, without life, lifeless, inert
Meanings of Lease:
Rent subsidy (property).
An agreement by which a party transfers property, goods, services, etc. Usually to another party for a specified period in exchange for regular payments.
Sentences of Lease
Rent a website from a local business
Six months rent in a store
Synonyms of Lease
sublease, farm out, rent out, sublet, leasehold, charter, contract, hire agreement, rent, charge for the use of, hire, rental agreement, hire out