Missouri Subordination of Surface Rights Agreement (Subordination by Mineral Owner)

State:
Multi-State
Control #:
US-OG-1146
Format:
Word; 
Rich Text
Instant download

Description

This form is a subordination of surface rights agreement with subordination by mineral owner.
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FAQ

? Any such person or persons who, by the permission or consent of the owner or lessee of any real estate, and having the right to mine thereon, and having entered and dug or mined thereon any lead ore or other mineral, shall have the right to the exclusive possession of such ore or mineral, except the royalty thereon, ...

Yes, mineral rights can expire. There's no one answer to when they'll expire or how long they last. All agreements have different term lengths. If you're selling mineral rights, you can set the term length.

In the United States, mineral rights can be sold or conveyed separately from property rights. As a result, owning a piece of land does not necessarily mean you also own the rights to the minerals beneath it. If you didn't know this, you're not alone.

Missouri's statutes give the owner of the property rights to the minerals below the surface in the absence of a contract to the contrary. They also prescribe the duties of property owners and miner's.

Transfer By Will It is also possible to transfer or pass down mineral rights by will. The right to minerals transfers at the time of death to the individuals named as beneficiaries. If no specific beneficiaries to the mineral rights are designated, ownership passes to the property and real estate heir.

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Missouri Subordination of Surface Rights Agreement (Subordination by Mineral Owner)