The Real Estate Encyclopedia
Mineral Lease
Category - Real Estate Glossary - Real Estate Terminology
An agreement that provides the lessee the right to excavate and sell minerals on the property of the lessor or to remove and sell oil and natural gas from the pool underlying the property of the lessor for which the lessor receives a royalty payment based upon the income.
 
Category(s)
Real Estate Glossary - Real Estate Terminology
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