Legal Question in Real Estate Law in Texas
Mineral and Leasing Rights
My sister and I own the house we grew up in and the land it is on. A mineral leasing company recently leased this property from my mother for gas exploration. They now want us to ratify the lease as ''heirs''. Since we are the owners of record, shouldn't we also be entitled to proceeds from the lease?
2 Answers from Attorneys
Re: Mineral and Leasing Rights
It seems so, but you may want to have an attorney look at the ratification to make sure you aren't giving up any rights.
Re: Mineral and Leasing Rights
How did you and your sister acquire the property? Deed? Inheritance? Are you sure you own the minerals? The oil company almost surely examined the title before leasing from your mother. You need to know what you own before deciding what you're entitled to.