Kansas Underground Storage Lease and Agreement (Surface and Minerals)
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How to fill out Underground Storage Lease And Agreement (Surface And Minerals)?
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FAQ
Mineral rights generally include the right to sell all or part of the interest, the right to enter the land to produce and carry on production activities, the right to lease the mineral rights to others, and the right to create fractional shares of the mineral interest.
If you want to sell the mineral rights to another person, you can transfer them by deed. You will need to create a mineral deed and have it recorded. You should check with the county Recorder of Deeds in the county where the land is located and ask if a printed mineral deed form is available to use.
Typically, mineral rights are associated with rural agricultural land. Agricultural land is not appraised at market value in Kansas. Thus, unsevered subsurface mineral rights are not assessed or taxed.
Kansas is a leading producer of crude/Grade-A helium and a major producer of crude gypsum, salt, and pumice/pumicite. It produces construction sand and gravel, crushed stone, dimension stone, masonry/portland cement, montmorillonite, and gemstones.
In Kansas, the landowner usually owns the subsurface rights, but sometimes these rights have been severed, or separated from the surface ownership. Severance of mineral rights occurs when the owner of both the surface and mineral rights sells or grants by deed the mineral rights underlying their property.
