Property Ownership
A Minnesota property owner grants an oil company the right to extract minerals from their land while retaining surface rights. This creates a:
ASurface easement
BMineral rights severance✓ Correct
CProfit a prendre
DSubsurface license
Explanation
When a property owner separates mineral rights from surface rights and conveys the minerals to another party, this is called mineral rights severance. The mineral estate becomes a separate property interest. In Minnesota's Iron Range, mineral rights severance is common and can significantly affect property values.
Related Minnesota Property Ownership Questions
- In Minnesota, a 'license' as a property right (not a real estate license) differs from an easement in that:
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