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AZ Mike

(468 posts)

1. Woah! That's devious!

Reply to dkf (Original post)

Thu Oct 10, 2013, 01:11 PM

Oct 2013

But, I wonder how this would ultimately hold up in the courts.

Real estate is the purchase of unimproved or improved LAND. Improved land only means that a structure is built on it (e.g., a home, a building, etc....). When you contract real estate, you are buying the land - the house is merely an "improvement" to the land. This seems like an inherent conflict within the contract.

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Highlight:

U.S. builders hoard mineral rights under new homes [View all] dkf Oct 2013 OP

Woah! That's devious! AZ Mike Oct 2013 #1

It is clearly listed on the deed when they bought the land they did not own the mineral rights.. fitman Oct 2013 #3

This is nothing new and no real big deal fitman Oct 2013 #2

Did they not read the closing documents? MineralMan Oct 2013 #4

no doubt, it's a surprise for folks in the East. uncle ray Oct 2013 #6

Split estates are very common in the west Abq_Sarah Oct 2013 #5

I am in the middle of the Utica shale boom, that is not uncommon around here. Some land owners found doc03 Oct 2013 #7