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Message
re: Mineral Rights vs. Royaly Interest Question
Posted on 3/27/15 at 9:38 am to Creamer
Posted on 3/27/15 at 9:38 am to Creamer
quote:
The lease of the minerals is secondary, or accessory, to the ownership of them. Therefore, A cannot maintain a lease of minerals for which he has no ownership.
First of all, I know nothing about mineral rights...
But this makes sense to me. Same if I buy a rental property, the rent checks dont keep going to the previous owner. His right to lease out the mineral rights should end when he sold those rights.
1
Posted on 3/27/15 at 1:23 pm to Chris4x4gill2
quote:
If Person A's attorney practices mineral rights law in Louisiana they probably should think about quitting. Also, person B (assuming LA) is due the royalty payments back to the time of sale and can claim said payments for a period of up to three years.
I cannot see any Louisiana attorney, who could find a civil code or mineral code, screwing the pooch this badly.
I would guess that our Seller had an Internet forum attorney. Lol.
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