Asked by Aaron, Fort Worth, TX • Mon Nov 24, 2008
I purchased a home in Tarrant county in 2006. Originally the owners wanted to retain mineral rights in the contract, but I had that removed before entering the contract. Later, one of my neighbors asked me if I had received a letter requesting to lease my rights and I had not. I contacted the leasing company and they looked into it for me. Turns out the previous owners signed a 3 year lease with them 15 days prior to closing and received the $2,500 bonus and royalty rights. Is that legal and how can someone else receive royalties on mineral rights they no longer own? Shouldn't the lease be transferred upon sale of a home and mineral rights?
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