Definition of Mineral rights:
The right to extract minerals from a piece of land.
Mineral rights are the ownership rights relating to underground resources such as oil, silver, or natural gas. In the United States, there is a legal distinction between mineral rights and surface rights. .
Whereas surface rights grant the owner the right to dig between the surface of the land for purposes such as constructing buildings and laying infrastructure, mineral rights entitle the owner to own and exploit any natural resources found beneath the land.
Landlords rights to search for and remove minerals from the land. Mineral rights may be sold or transferred to another party who becomes the mineral owner. See also subsurface rights and surface rights.
How to use Mineral rights in a sentence?
- Mineral rights are ownership claims against the natural resources located beneath a plot of land.
- In the United States, mineral rights are separate from surface rights, although this is not true in most countries.
- Most cotton farmers here do not own the mineral rights for the land that they farm.
- Today, large institutional investors are prominent buyers of mineral rights, particularly when oil prices are high enough to justify unconventional oil investments.
Meaning of Mineral rights & Mineral rights Definition