New Mexico Subordination of Surface Rights Agreement (Subordination by Mineral Owner) is a legal document that outlines the rights and interests of both the mineral owner and the surface owner in relation to their respective properties. In New Mexico, mineral rights and surface rights are considered separate property interests, and this agreement governs the subordination of surface rights to mineral rights. Keywords: New Mexico, Subordination of Surface Rights Agreement, Mineral Owner, mineral rights, surface rights. Types of New Mexico Subordination of Surface Rights Agreement: 1. Absolute Subordination Agreement: This type of agreement involves the complete subordination of surface rights to mineral rights, giving the mineral owner full control and access to the property for exploration and extraction activities. 2. Partial Subordination Agreement: In this agreement, the surface owner retains limited rights and restrictions on the mineral owner's activities. It may specify certain areas or periods where the mineral owner's activities are restricted to minimize the impact on the surface owner's use of the land. 3. Temporary Subordination Agreement: This agreement allows the mineral owner temporary access to the surface rights for a specific period. It is commonly used when the mineral owner needs temporary access to conduct surveys or exploratory work before deciding whether to pursue full-scale extraction. 4. Reverse Subordination Agreement: Unlike the standard subordination agreement, a reverse subordination agreement gives priority to surface rights over mineral rights. It is often used when the surface owner has a significant interest in protecting the land and restricting mineral extraction activities. The New Mexico Subordination of Surface Rights Agreement serves as a crucial legal instrument to establish the boundaries and relationship between mineral and surface rights owners. It ensures that both parties have a clear understanding of their rights and responsibilities, preventing any potential conflicts or disputes in the future. By naming the different types of agreements, it provides a comprehensive overview of the various scenarios that can arise in subordinating surface rights to mineral rights in New Mexico.
New Mexico Subordination of Surface Rights Agreement (Subordination by Mineral Owner)
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