Ohio Subordination by Mineral Owners of Rights to Make Use of the Surface Estate - Transfer

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Multi-State
Control #:
US-OG-141
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Word; 
Rich Text
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Description

This form addresses the situation in which mineral owners, as owners of the dominant estate, agree to relinquish their rights to make use of the surface of specific lands in which they own mineral interests.
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FAQ

Whether mineral rights transfer with the property depends on the estate type. If it's a severed estate, surface rights and mineral rights are separate and do not transfer together. However, if it's a unified estate, the land and the mineral rights can be conveyed with the property. How To Understand Your Mineral Rights | Rocket Mortgage rocketmortgage.com ? learn ? mineral-rights rocketmortgage.com ? learn ? mineral-rights

Yes, it can be beneficial to sell your mineral rights for a fair price, even producing rights. First, sellers must be aware of the different stages of the production process. They must also know the value their minerals and royalties command in every development stage. Why Sell Your Mineral Rights - 6 Factors to Consider pheasantenergy.com ? why-sell-mineral-rights pheasantenergy.com ? why-sell-mineral-rights

The value of mineral rights is not public information. Your non-producing mineral rights could be worth a few hundred per acre or $2,500+/acre depending on where you are located within Carroll County Ohio. Mineral Rights Value in Carroll County Ohio - Marcellus Mineral Owners marcellusmineralowners.com ? mineral-rights-val... marcellusmineralowners.com ? mineral-rights-val...

Taxes: The #1 reason for selling mineral rights is taxes. If you inherited mineral rights and then sold them for $100,000, you could pay only $5,250 in taxes and keep $94,750. If you collect royalty income of $100,000, you could pay $30,000+ in taxes and only keep $70,000 and it would takes years to collect.

The value of mineral rights per acre differs from state to state. Typically, the price ranges from $100 to $5,000 per acre in several states. In Texas, the average price per acre for non-producing mineral rights is usually between $0 and $250 per acre, as a general guideline.

You may have title to mineral rights on a property you own, or they may have been sold or leased by a prior owner, in which case they may not be yours to sell. Real estate law firms can research your chain of title to determine if the mineral rights transferred from owner to owner. Mineral Rights in Ohio | Littlejohn Law, LLC littlejohnlawllc.com ? library ? mineral-right... littlejohnlawllc.com ? library ? mineral-right...

Cons of Selling Your Mineral Rights Loss of Potential Future Income: When you sell your mineral rights, you also give up any potential future income from those rights. This can be a significant loss if the mineral rights end up producing more than expected or if there are new discoveries in the future.

Unsolicited purchase offers are happening in greater numbers and for greater ? sometimes much greater ? amounts than in the past. The upshot? Sometimes selling makes good sense. Indeed, depending on your situation, the sale of your mineral rights can represent a prudent ? and even compelling ? opportunity.

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Ohio Subordination by Mineral Owners of Rights to Make Use of the Surface Estate - Transfer