Re: Greedy Royalty!!!
Originally Posted by
Rainmaker
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Any landowner is automatically entitled to the mineral rights under their land not just the Royal Family. This has always been the case. Now new laws require that they register that right. Where's the big deal?
I think you have that wrong
Mineral rights under a persons property , same as the air space above, does not belong to the land owner.
Think of a coal mine with tunnels running in any direction the seam goes. No way can every landowner above be asked permission first to extract.
Ownership of mineral rights (more properly "mineral interest")
is an estate in real property. Technically it is known as a
mineral estate, although often referred to as mineral rights. It is the right of the owner to exploit, mine, and/or produce any or all of the minerals lying below the surface of the property.
The mineral estate of the land includes all organic and inorganic substances that form a part of the soil.
Exceptions include sand, gravel, limestone, and subsurface water—which are normally considered part of the surface estate.