Find Out How Long Do Mineral Rights Last!
If you are a landowner with mineral rights, it’s important to know how long they will last. This will help you make an informed decision when it comes time to sell.
In this article, we will go over mineral rights, how they work, and why it is important to know how long they last before deciding to sell mineral rights. Read more here.
What Are Mineral Rights?
Mineral rights are the rights to exploit, mine, and/or sell minerals found on a piece of property. These rights can be sold, leased, or optioned to different companies that wish to extract the minerals from beneath the surface.
The land owner still owns the surface rights and can do with it as they please. However, they do not own the rights to the minerals beneath the surface.
How Do Mineral Rights Work?
When transferring property, minerals might be “divorced” from the surface by reserving minerals. This implies that the same individual does not always have to own the land’s surface resources.
In reality, it is quite common for one party to own the surface and many other parties to acquire the minerals.
How Long Do Mineral Rights Last?
Mineral rights are yours until you sell them or give them away. Unless you entrust someone else with them, they remain yours until you die. In the case of death, mineral rights may be sold, gifted, or willed, depending on the situation. Mineral rights are no different from any other piece of property. You have the right to your mineral rights as long as they are yours.
The property is considered abandoned if a person or business owns mineral rights and doesn’t pass them to another party. This happens if a person dies, forgets they own the property or if a business stops operating but fails to sell its land.
Blue Flame Minerals: Professional Mineral Rights Buyers
Are you looking for a professional mineral rights company to sell your mineral rights? If so, look no further than us! At Blue Flame Minerals, we’re the leading mineral rights company around.
As mineral rights buyers, we’re committed to providing landowners with the best possible experience when selling mineral rights. We offer a hassle-free process and top dollar for your minerals. Contact us today to learn more!