Kings New York Subordination of Surface Rights Agreement (Subordination by Mineral Owner)

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

Description

This form is a subordination of surface rights agreement with subordination by mineral owner. A Kings New York Subordination of Surface Rights Agreement (Subordination by Mineral Owner) is a legal document that outlines the rights and responsibilities between the owner of surface rights and the owner of mineral rights in the state of New York. This agreement is crucial in situations where a landowner wants to sell or lease their surface rights while still retaining ownership of the underlying mineral rights. The purpose of this agreement is to establish the priorities between the surface rights and the mineral rights. By subordinating the surface rights to the mineral rights, the mineral owner gains a superior position when it comes to activities such as exploration, mining, drilling, or extraction of minerals from the property. In essence, this agreement allows the mineral owner to have unimpeded access to the property for mineral extraction, even if the surface rights are transferred to a new owner. The agreement clearly defines the rights and limitations of both parties involved, ensuring a fair and orderly use of the land for both surface and mineral rights owners. There can be a variation of the Kings New York Subordination of Surface Rights Agreement, depending on the specific circumstances and provisions included. Some key variations may include: 1. Subordination by Time: This type of agreement specifies a predetermined time limit for the subordination. After the specified period, the subordination may expire or need to be renegotiated. 2. Subordination by Area: In this case, the agreement applies only to specific areas or sections of the property, rather than the property as a whole. This might be relevant when only certain parts of the land contain valuable mineral deposits. 3. Subordination for Specific Minerals: This type of agreement restricts the subordination to specific types of minerals. For example, it may only pertain to oil, gas, coal, or other specific minerals that the mineral owner intends to extract. 4. Subordination with Surface Use Restrictions: In this variation, the surface rights' owner may impose certain restrictions on the activities of the mineral rights' owner. For instance, the agreement may prohibit surface-disturbing activities during specific periods or establish noise and environmental pollution limitations. It is important to note that a Kings New York Subordination of Surface Rights Agreement should be drafted by legal professionals and tailored to fit the specific circumstances and needs of both parties involved. The agreement should be reviewed and carefully understood by all parties involved to ensure a fair and transparent relationship between surface and mineral rights owners.

A Kings New York Subordination of Surface Rights Agreement (Subordination by Mineral Owner) is a legal document that outlines the rights and responsibilities between the owner of surface rights and the owner of mineral rights in the state of New York. This agreement is crucial in situations where a landowner wants to sell or lease their surface rights while still retaining ownership of the underlying mineral rights. The purpose of this agreement is to establish the priorities between the surface rights and the mineral rights. By subordinating the surface rights to the mineral rights, the mineral owner gains a superior position when it comes to activities such as exploration, mining, drilling, or extraction of minerals from the property. In essence, this agreement allows the mineral owner to have unimpeded access to the property for mineral extraction, even if the surface rights are transferred to a new owner. The agreement clearly defines the rights and limitations of both parties involved, ensuring a fair and orderly use of the land for both surface and mineral rights owners. There can be a variation of the Kings New York Subordination of Surface Rights Agreement, depending on the specific circumstances and provisions included. Some key variations may include: 1. Subordination by Time: This type of agreement specifies a predetermined time limit for the subordination. After the specified period, the subordination may expire or need to be renegotiated. 2. Subordination by Area: In this case, the agreement applies only to specific areas or sections of the property, rather than the property as a whole. This might be relevant when only certain parts of the land contain valuable mineral deposits. 3. Subordination for Specific Minerals: This type of agreement restricts the subordination to specific types of minerals. For example, it may only pertain to oil, gas, coal, or other specific minerals that the mineral owner intends to extract. 4. Subordination with Surface Use Restrictions: In this variation, the surface rights' owner may impose certain restrictions on the activities of the mineral rights' owner. For instance, the agreement may prohibit surface-disturbing activities during specific periods or establish noise and environmental pollution limitations. It is important to note that a Kings New York Subordination of Surface Rights Agreement should be drafted by legal professionals and tailored to fit the specific circumstances and needs of both parties involved. The agreement should be reviewed and carefully understood by all parties involved to ensure a fair and transparent relationship between surface and mineral rights owners.