If you own a peice of land does that mean you own it all the way to the centre of the earth?
Answers:
Not necessarily, I backed out of a purchase of a piece of property when I started doing some deed research on the property the original "conveyance in perpetuity" surprised me. It revealed that the sellers 80 years ago, (a mining company), had retained mineral rights to the property, additionally, it stated that they or their heirs had the right to retake the property for the original sales price. Needless to say the sales price 80 years ago was substantially less for the 5 acres than it is now! While I don't think it would happen, it wouldn't surprise me if one of the "heirs" discovered this and put a claim on the property.
I don't see why not. Hey, keep digging, you might find a whole new world down there.and you will own it
so wht do u want to know about ur question,r u trying to dig? dont waste ur time digging ull get nothing but soil & worms
No.But people can buy mineral rights to your land. But they can't just dig them up without your permission.
The answer is not as simple as others are making it appear. The answer is, it depends.
Generally, ownership in a property conveys with it ownership of the rights for the use of the air space above the property (up to a certain limit), rights for minerals discovered in the land, and yes, rights all the way down.
However, the rub lies in the fact that if you own all of these rights, you have the ability to also SELL (or not sell) these rights. I know of a situation where a gentleman sold a property but retained the air rights above it. The buyer didn't care, and the seller believed that when the area appreciated in value, they'd be expanding the building, and would have to approach him to build any higher (since he owns the air above the property). He sold the land and property. Later he hopes to sell the air above the property for more profit.
Sometimes people sell the oil mining rights or air rights, but retain rights for the property (a farmer, for example, might do this).
The devil is always in the details.
If you own a piece of property, the chances are, you own all the rights associated with it. Unless one of the normal ownership rights were not sold to you.
Yes, as well as the air above it. That's what fee simple is.
Of course you do. The tricky one is if you own the entire air space above it and have the right to shoot all tresspasers like wild gees , ducks, Boeing 747's and flying monkeys.
whatever ya do , for the love of sweet ol' Barry don't call a lawyer ! He'll get you all mixed up and ask for a share of the luggages and mmm.. aa stuff you got in the garden.
ahem.
Good question! I think in most countries (certainly here in the UK) land is sold by area, not volume so technically I suppose you only own the surface, but, as gardeners, we commonly use some depth for our plants (and depending on whether we, or the utility companies own water pipes, cables etc. that depth may be increased). and I think you would have mineral rights if, say, oil was discovered at even greater depths on your property. Logically then you're probably right!
A lawyer could probably answer more effectively, but thanks for getting me thinking!
Yes! And u can sell your mineral rights. U also own the air space above it too but only so far since the invention of aeroplane that has been change.
iT DOES!
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