Hope this is the right forum to ask this in.....
I'm seeking some clarification on mineral rights ownership for my property. I've completed a deed search back to the original developer in the 1980's whom did not retain the rights, as most of my neighbors are receiving lease payments.
Here are the details.
Mineral rights were not expressly reserved when I purchased the home as a foreclosure.
After reviewing the previous Deeds, most of them didn't mention anything about mineral rights, and some had prefab statements that concluded with an "if any" exist closing.
However there is one deed several owners back in 1998 that states the following:
"Reservations from Conveyance:
Easements, rights-of-way, and prescriptive rights, whether of record or not; all presently recorded restrictions, reservations, covenants, conditions, oil and gas leases, mineral severance, and other instruments, other than liens and conveyances, that affect the property, taxes for the year 2001, the payment of which Grantee assumes."
Does this hold up as a legal reservation of mineral rights, or is it too broad/not specific enough? Is there another record I should search for other than the deed? I'm assuming that it means I do not own the rights. I'm at a dead end, should I stop here or is there anything else I can do?