This module describes what it means to have a Fee Simple Absolute mineral estate, how mineral estates are severed, and the rights of the mineral estate. It also gives an overview of leasing rights, explains how the mineral estate is the dominant estate, having implied use of the surface, through the use of the Accommodation Doctrine.
Duration: Approximately 30 minutes, depending on user pace.
Learning Objectives: Upon successful completion of this module, you will be able to:
- Explain how the mineral estate can be separated from the surface estate
- Name the basic rights of the mineral estate owner
- Describe why leasing is common
- List the basic terms of a lease
- Explain when and how a lease terminates
Prerequisites: Module 1
Advance Preparation: None
Program Level: Non-technical
Format: Prerecorded narrator with supporting visuals. User controls course pace.