Question

what does "mineral rights convey" mean on a house for sale listing?

were looking at houses for sale and i found one i love one thing what does "mineral rights convey" mean? i kow it has something to do wih oil but i am lost please help!

6 years ago - 1 answers

Best Answer

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Hopefully it means that 100% of the mineral rights "convey" with the property. I would make sure. Sometimes, part or all the mineral rights are sold from a property. You certainly wouldn't want to buy a house that sits on land if any or all of the mineral rights have been sold. Mineral right aren't just associated with oil. Mineral rights could also be associated with phosphate mining etc.

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6 years ago