Property rights are the ability exploit the different aspects of a property. These rights can be surface rights, water rights, mineral rights, and air rights which all allow for diferent uses. Since I lease hunting land south of Batesville and know many Texas ranch owners, I've seen how the mineral rights to land affect people and their ties to the land. The Eagle Ford Shale has brought much wealth to many many families, but in other cases leaves properties open to exploitation from all the machinery and waste. The video above is a marketing pitch for people to sell their lucrative mineral rights to property in the area. For me this has been the most dramatic exposure to property rights as I've witnessed people with relatively small fortunes become grossly wealthy overnight. With all of the money involved you must be cautious with what you do with land and the rights that are associated.
Although I've elaborated on just the mineral rights, all of these rights must have boundaries and limitations to where they extend. These rights are bound by a legal description of the real estate in the deed. There are various methods of legal descriptions that are described in detail in the following link: Legal Descriptions . It is just an informational link but in my opionion it is vital knowledge to have or at the least have a general idea of what is going on if your involved in real estate at all. For the most part, real estate is going to be the most expensive puchase a person makes in their life, so it makes sense to know what your buying when making such a large investment. How do you know what your legally buying? The Legal Description tells you everything, don't depend on a fence or what you see on a site visit to confirm what is yours.
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