Frood
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- Oct 29, 2021
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In quite a few cases this pertains to oil rights not necessarily metals... There may be an oil field below your land that is being accessed by a well far away.I just watched Bob's video I Bought LAND as a VAN Life HOME BASE! Should YOU? and looked at land.com for fun. One option listed was Includes Mineral Rights and this made me wonder; how would Bob feel if he doesn't own mineral rights (MR) and the MR owner shows up one day to start mining, drilling, etc.?
There may also be a deep mine already under your property. So deep that even if there were a cave in or something you wouldn't notice anything up on the surface.
But in some cases, yeah, you may have the person that owns the mineral rights show up and try to figure out how they are going to access the minerals they own on the land you own. Generally though, unless you are specifically buying a property because you want to mine or prospect on it, not having the mineral rights should not necessarily be a deal breaker unless there is something bizzare that says the rights holder can demolish any existing surface buildings when they pursue the rights.
You would think so, but you would be unpleasantly surprised.I think most are suburban tracks.
There are LOTS of HOAs for undeveloped, unbuilt, raw land without utilities out in the middle of nowhere. It's kind of shocking and insane how often you run into HOA crap to deal with.
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