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Topic 36. Mineral, Oil and Gas Reservations or Leases
March 28, 2019
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This Chapter has been revised in its entirety.
a. Influence on Property
The appraiser must analyze and report the degree to which residential benefits may be impaired or the property damaged by the exercise of the rights set forth in oil, gas, and mineral reservations or leases.
b. Appraisal Considerations
The appraiser should consider the following:
the infringement on the property rights of the fee owner caused by the rights granted by the reservation or lease, and
the hazards, nuisances, or damages to the subject property from exercise of reservation or lease privileges on neighboring properties.