: Some lenders or insurance providers may have stricter requirements or exclude coverage for damages caused by resource extraction. Protecting Your Interests
Buying property without mineral rights (a "severed estate") means you own the surface, but someone else owns the resources beneath it . While common in many areas, it introduces specific risks and financial considerations. Key Risks & Considerations
: Properties without mineral rights may have a lower resale value, especially in resource-rich areas. buying property without mineral rights
: Potential issues include noise pollution, dust, and the risk of groundwater contamination from drilling or fracking. Financial Impact :
: Consult a real estate attorney specializing in mineral law to review the warranty deed for specific reservations. Market Value Buying a home w/o rights - Ownership and Title : Some lenders or insurance providers may have
: The best protection is a recorded waiver where the mineral owner gives up the right to use the surface for extraction, requiring them to use directional drilling from neighboring lots instead.
: Extraction activities can lead to the installation of drilling rigs, pump jacks, storage tanks, and access roads on your land. Key Risks & Considerations : Properties without mineral
: Attempt to negotiate an SUA with the mineral owner to restrict where they can drill or how they must restore the land.
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