A Nevada Subordination of Surface Rights Agreement (Subordination by Mineral Owner) refers to a legal document that outlines the transfer of priority or superiority of rights on a piece of land from the surface owner to the mineral owner. This agreement establishes the legal framework for determining the priority of these rights in the event of conflicts or competing claims. In Nevada, there are two major types of Subordination of Surface Rights Agreements, as follows: 1. Voluntary Subordination Agreement: This type of agreement is entered into willingly by the surface owner, effectively subordinating their rights to the mineral owner. The surface owner acknowledges the superiority of the mineral rights and agrees to abide by any restrictions or limitations imposed by the mineral owner concerning land use, access, or exploration activities. This agreement is typically used to facilitate mineral extraction or exploration on the property while ensuring the rights and interests of both parties are protected. 2. Compulsory Subordination Agreement: This type of agreement occurs when the mineral rights' owner initiates the subordination process, compelling the surface owner to acknowledge the superiority of mineral rights. In such cases, the mineral owner intends to assert their priority rights for exploration, extraction, or development purposes. The surface owner must comply with the terms and conditions specified by the mineral owner, which might include restrictions on land use or access. Keywords: Nevada, Subordination of Surface Rights Agreement, Subordination by Mineral Owner, legal document, transfer of priority, superiority of rights, surface owner, mineral owner, competing claims, legal framework, conflicts, voluntary subordination agreement, limitations, land use, access, exploration activities, mineral extraction, exploration, compulsory subordination agreement, priority rights, development purposes, terms and conditions.
Nevada Subordination of Surface Rights Agreement (Subordination by Mineral Owner)
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