What is a reservation as it relates to mineral interests?

1 minuteread

A reservation is a retention of rights in the property by the seller. For example, the seller may sell a property but may reserve to himself (or others) one-half of the mineral interest in the property. Under this example, one-half of the mineral interests are severed from the property, assuming that the seller owned all of the mineral interests before agreeing to sell.

Source: TAR

X
Welcome to Realty Nation
wpChatIcon
Scroll to Top