Contracts
The TREC Addendum for Reservation of Oil, Gas, and Other Minerals is used in Texas when:
AThe buyer wants to include mineral rights in the purchase
BThe seller wishes to retain some or all mineral rights when selling the surface✓ Correct
CThe property is in a groundwater conservation district
DThe buyer is paying cash with no lender requirements
Explanation
The Mineral Reservation Addendum is used when a seller wants to retain (reserve) some or all mineral rights while conveying the surface rights to the buyer. Mineral rights that are not addressed in the contract typically convey with the surface.
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