Which rights are included under subsurface rights?

Subsurface rights refer to the rights to the natural resources located beneath the surface of a property, which can include a variety of valuable minerals and resources. The correct answer encompasses mineral rights, oil and gas rights, and, in some instances, water rights.

Mineral rights allow the owner to extract minerals from the land, such as coal, iron, or precious metals. Oil and gas rights refer specifically to the extraction of petroleum products located underground. In certain jurisdictions, water rights can also fall under subsurface rights, especially in areas where groundwater is a crucial resource for agriculture and industry.

This classification of rights emphasizes the importance of understanding how ownership can extend beyond just the surface of the land. This distinction is vital when it comes to real estate transactions, as it can affect the overall value, usage, and legal considerations of a property. Understanding these rights is essential for leasing agents who must navigate the complexities associated with property ownership and resource extraction.