Property Ownership
In Texas, a property owner sells the surface but reserves '50% of the minerals.' This reservation means:
AThe seller receives 50% of royalties from any future production
BThe seller retains a 50% undivided interest in all minerals under the property; the buyer owns the surface and the other 50% of the minerals✓ Correct
CThe seller retains all minerals but shares surface use
DThe reservation expires after 25 years
Explanation
Reserving 50% of the minerals means the grantor retains a 50% undivided interest in the mineral estate, while conveying the surface and 50% of the minerals to the buyer. Both the grantor and grantee are co-owners of the mineral estate.
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