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The broad form deed is based on the premise of severing the surface and mineral rights of property. The precedence of this idea comes from English legal theory. [2] In this theory the King retained rights to various minerals on landowners estates for the purposes of maintaining the operations of the country and as such the King had authority to mine for those minerals. [2]
English: Combines elements of a traditional rental agreement with an exclusive right of first refusal option for later purchase on the home. It is a shortened name for Lease with Option to Purchase Contract.
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In 1902, Springs borrowed $125,000 from the Southern Railway to convert the L&C rails to standard gauge. The railway also bought new coal burning locomotives as well as new rail cars. The East Tennessee and Western North Carolina Railroad purchased the old rolling stock from the L&C. By 1913, the L&C owned three steam locomotives, nineteen box ...
A profit (short for profit-à-prendre in Middle French for "advantage or benefit for the taking"), in the law of real property, is a nonpossessory interest in land similar to the better-known easement, which gives the holder the right to take natural resources such as petroleum, minerals, timber, and wild game from the land of another. [1]
Pasture is typically grazed throughout the summer, in contrast to meadow which is ungrazed or used for grazing only after being mown to make hay for animal fodder. [2] Pasture in a wider sense additionally includes rangelands, other unenclosed pastoral systems, and land types used by wild animals for grazing or browsing.
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