What is a 'mineral rights' reservation in a Delaware deed?
Why The grantor retaining ownership of subsurface mineral resources (oil, gas, coal, minerals) while conveying the surface rights to the grantee Is Correct
Answer B: The grantor retaining ownership of subsurface mineral resources (oil, gas, coal, minerals) while conveying the surface rights to the grantee
Exam Tip: Property Ownership
Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.
Key Property Ownership Terms in This Question
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Key Terms to Know
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Fee SimpleThe highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
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