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RED OAK
MOUNTAIN TOP
Fire Tower Land
Is Private Property!
NO TRESPASSING
without current
written permission
Real Estate S
Eileen M. Day REALTOR
MINERAL RIGHTS When properties are sold, the rights to the minerals In the soil below are many times held by the previous owner either for - the current value or possible future benefit
Because mineral rights are usually held as separate from the right to build or occupy a piece of real properly, they are often overlooked, and unless re. served and made part of the purchase agreement, the rights ' do not automatically go to the buyer upon sale. *, Because oil and mineral exploration Is usually done far below the surface of the earth, and the extensive use of slant drilling today, oil and minerals can be taken from hundreds of feet below the surface without the dwellings on the ground being disturbed or even aware of what Is going on.
The grant deed at the time of sale will usually note If the mineral rights are Included. It is not • uncommon for sellers thirty or . forty years earlier to still be In possession of the rights and any loyalties from oil and minerals. ' - If there Is anything we can do to help you in the field of real estate, please stop In at CILECT! - M. DAY. Realtor, the Clopton House, Washington, Va.. 22747. Phone 07M0S3. We re here to help.
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