When you own real estate, you likely own what the law refers to as surface and subsurface rights. Surface rights are easy to identify and include everything from the trees on your property to structures.
What are subsurface rights, though? Ranger Land and Minerals gives a brief overview of subsurface rights and what they mean for you.
Subsurface rights
Surface rights refer to real property that sits above ground within the boundaries of your property. Such property may include grass, trees, water, fences and buildings. Subsurface rights, on the other hand, refer to rights to any real property below ground. Many people do not give much thought to these rights, but sometimes, such property can be more valuable than what sits above the surface.
Type of subsurface rights
Subsurface rights run the gamut, from water to oil to minerals. What may lie beneath the surface of your property depends entirely on where your property is located and what types of natural resources are in your region. Though some subsurface rights are more valuable than others, the truth is that you can sell, lease or give away just about anything you find beneath your property’s surface.
The value of subsurface rights
Assuming you have full rights and access to what lies beneath the surface of your property, you can sell, lease or utilize the resources in any way you want. This makes them highly valuable for individuals with the right knowledge and connections, and who have the wherewithal to make the most of subsurface resources.
Subsurface rights can prove to be a valuable commodity. If you suspect you have desirable resources below the surface of your property, consult with someone who has knowledge of subsurface rights, how to use them and what you need to do to protect them.
