If a piece of land has mineral rights, the value can increase drastically because the land has so much more value than what it on its surface. However, determining the value of the property and dealing with legal issues can become complex.
Many people assume that if they own a particular piece of land or property in the state of Georgia, this means that they automatically have the right to anything that lies underneath the soil. However, this is simply not the case. In the United States, a clear distinction between mineral rights and surface rights is made.
When you own land and you find minerals or other naturally occurring substances of value, you may be curious about your options when it comes to mining these substances and selling them. While you may assume that anything you find on your land is your property, this may not actually be the case.
You lease a commercial space for your new business. You hope the space gives you the exposure and foot traffic that you need, but it is hard to be sure.