Virgin Islands Stipulation of Ownership of Mineral Interest in Specific Lands

State:
Multi-State
Control #:
US-OG-063
Format:
Word; 
Rich Text
Instant download

Description

This stipulation form is intended to be executed by parties, all of whom own undivided mineral interest in specific lands, to clarify/specify each partys undivided interest.

How to fill out Stipulation Of Ownership Of Mineral Interest In Specific Lands?

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FAQ

Mineral rights are ownership rights that allow the owner the right to exploit minerals from underneath a property. The rights refer to solid and liquid minerals, such as gold and oil. Mineral rights can be separate from surface rights and are not always possessed by the property owner. How To Understand Your Mineral Rights | Rocket Mortgage rocketmortgage.com ? learn ? mineral-rights rocketmortgage.com ? learn ? mineral-rights

The general rule of thumb for the value of mineral rights in Texas is 2x to 3x the lease bonus you received. For example, if you got $500/acre when you leased your property, you might expect to sell for somewhere between $1,000 to $1,500/acre if you were to sell mineral rights in Texas.

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Virgin Islands Stipulation of Ownership of Mineral Interest in Specific Lands