Palm Beach Florida Mineral Owner's Subordination (of Rights to Make Use of Surface Estate)

State:
Multi-State
County:
Palm Beach
Control #:
US-OG-1046
Format:
Word; 
Rich Text
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Description

This form is a mineral owner's subordination of rights to make use of surface estate.
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FAQ

Under Florida Statutes Section 197.343(2), the surface rights owner (landowner) has the first right to purchase a tax certificate for any delinquent taxes on the mineral rights relating to the landowner's property.

A property owner with mineral rights may explore, extract, and sell natural deposits found underneath the land surface. But surface rights only refer to exclusive rights to all physical property on the land.

Surfaces rights are the rights to the surface area of a piece of land as well as any structures on the property. Surface rights also include farmland or above-ground resources like trees, plants, or water.

A: In Oklahoma, courts have ruled that the mineral estate is superior to the surface estate for purposes of oil and gas development. Oil and gas operators have the right to enter upon your property and make reasonable use of the surface to explore for oil and gas.

Owning mineral rights (often referred to as a "mineral interest" or a "mineral estate") gives the owner the right to exploit, mine, and/or produce any or all minerals they own.

In general mineral rights in Australia are reserved to the Crown. Notwithstanding, in some cases the minerals may continue to be owned by the land owner. The acquisition of rights to minerals stems from separate legislative frameworks in each State.

Surface rights in Pennsylvania These rights in Pennsylvania are those licenses to the surface interest of any property. This right covers the structure, farmland, or any above ground minerals like water bodies, trees and plants. This right was set according to Pennsylvania ordinances and local laws.

In California, the ability to control ownership of and access to mineral resources is separated from ownership of real estate, such as land. Each can be sold independently of the other. In general, there are few downsides to retaining mineral rights when you sell real estate.

Mineral rights allow landowners to explore, extract, and sell natural elements discovered on their property. Landowners with mineral rights have legal ownership of all gas, oil, gold, silver, copper, iron, or other minerals elements below the soil of their land.

Mineral rights are automatically included as a part of the land in a property conveyance, unless and until the ownership gets separated at some point by an owner/seller.

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Palm Beach Florida Mineral Owner's Subordination (of Rights to Make Use of Surface Estate)