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In comparing the two communities shown,
Lease Agreement
A legal contract between a lessor and lessee that outlines the terms and conditions under which a property is rented.
Purchase Options
are contracts granting the buyer the right, but not the obligation, to buy an asset at a predetermined price within a specific timeframe.
Dormant Minerals Statute
Legislation that allows for the reversion of mineral rights to the surface owner if those rights have not been exercised or leased for a certain period.
Surface Owner
An individual or entity that holds the rights to the surface estate of a piece of land, which may include the power to use and develop the land above ground.
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