Collin Texas Subordination of Surface Rights Agreement (Subordination by Mineral Owner)

• Category: Oil Gas and Minerals - Subordination
• State: Multi-State
• County: Collin
• Control #: US-OG-1146
• Format: Word; Rich Text

Description

This form is a subordination of surface rights agreement with subordination by mineral owner. Collin Texas Subordination of Surface Rights Agreement (Subordination by Mineral Owner) is a legal document that outlines the agreement between the owner of mineral rights and the owner of surface rights in Collin County, Texas. This agreement is necessary when the subsurface mineral rights owner wishes to exercise their rights, such as drilling for oil or mining minerals, which may require the disturbance or use of the surface land. The purpose of the Collin Texas Subordination of Surface Rights Agreement is to establish a hierarchy of rights, with the mineral owner's rights taking precedence over the surface owner's rights. This agreement ensures that the mineral owner has the authority to access and use the surface land as reasonably necessary to extract the minerals underneath, while also protecting the rights of the surface owner. By signing this agreement, the mineral owner agrees to compensate the surface owner for any damages caused during the extraction process. This may include compensation for land disturbance, loss of use, or any other form of damage that may occur on the surface land. The agreement may also outline any limitations or conditions on the activities conducted by the mineral owner to prevent excessive disruption or harm to the surface property. There may be different types or variations of the Collin Texas Subordination of Surface Rights Agreement depending on the specific circumstances and needs of the parties involved. Some variations may include additional provisions to address particular concerns or requirements of either the surface owner or the mineral owner. Keywords: Collin Texas, Subordination of Surface Rights Agreement, subordination by mineral owner, mineral rights, surface rights, Collin County, Texas, drilling for oil, mining minerals, disturbance of surface land, compensation, damages, land disturbance, loss of use, limitations, conditions, variations, provisions, specific circumstances, needs, surface owner, hierarchy of rights.

Collin Texas Subordination of Surface Rights Agreement (Subordination by Mineral Owner) is a legal document that outlines the agreement between the owner of mineral rights and the owner of surface rights in Collin County, Texas. This agreement is necessary when the subsurface mineral rights owner wishes to exercise their rights, such as drilling for oil or mining minerals, which may require the disturbance or use of the surface land. The purpose of the Collin Texas Subordination of Surface Rights Agreement is to establish a hierarchy of rights, with the mineral owner's rights taking precedence over the surface owner's rights. This agreement ensures that the mineral owner has the authority to access and use the surface land as reasonably necessary to extract the minerals underneath, while also protecting the rights of the surface owner. By signing this agreement, the mineral owner agrees to compensate the surface owner for any damages caused during the extraction process. This may include compensation for land disturbance, loss of use, or any other form of damage that may occur on the surface land. The agreement may also outline any limitations or conditions on the activities conducted by the mineral owner to prevent excessive disruption or harm to the surface property. There may be different types or variations of the Collin Texas Subordination of Surface Rights Agreement depending on the specific circumstances and needs of the parties involved. Some variations may include additional provisions to address particular concerns or requirements of either the surface owner or the mineral owner. Keywords: Collin Texas, Subordination of Surface Rights Agreement, subordination by mineral owner, mineral rights, surface rights, Collin County, Texas, drilling for oil, mining minerals, disturbance of surface land, compensation, damages, land disturbance, loss of use, limitations, conditions, variations, provisions, specific circumstances, needs, surface owner, hierarchy of rights.