Property Ownership
What are 'mineral rights' and how are they treated in Nevada real estate?
AMineral rights in Nevada are always retained by the federal government
BMineral rights are the right to extract subsurface resources (gold, silver, copper, oil, geothermal) — in Nevada, mineral rights can be severed from surface rights and sold or leased separately; many Nevada properties have severed mineral rights from prior mining claims✓ Correct
CMineral rights are included in every Nevada property deed automatically
DMineral rights only matter for rural Nevada properties over 100 acres
Explanation
Nevada's rich mining history has resulted in many properties with severed mineral rights — the surface and subsurface ownership belonging to different parties. When mineral rights are severed, the surface owner may have limited control over mineral extraction activities.
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
Abstract of TitleA condensed history of a property's title, summarizing all recorded documents and encumbrances affecting it from the earliest record to the present.
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
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