Mineral Lease
/ˈmɪnərəl liːs/
Definitions
- (n.) A legal agreement granting the rights to explore, extract, and develop minerals on a specific tract of land, typically owned by another party.
The company signed a mineral lease to begin coal mining operations on the property.
- (n.) A type of real property lease focusing exclusively on mineral rights rather than surface rights or ownership of the land itself.
Under the mineral lease, the lessee had no rights to build structures above ground.
Forms
- mineral lease
- mineral leases
Related terms
See also
Commentary
Draft mineral leases clearly to specify the extent of rights granted, distinguishing mineral rights from surface rights to avoid disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.