Video: mines and minerals — the key land law issues for residential developers
In this video, Serdar Mehmet, a residential development laywer at IBB Solicitors, discusses key land law issues for residential developers.
Q. What are mines and minerals and how could they affect a development site?
A. Any residential developer will realise the importance of obtaining good and marketable title to a development site so that they are ultimately able to pass that title on to home buyers and — in particular — their lenders. There could, however, be issues in proving good and marketable title to land if a third party can claim ownership of the subsurface or subsoil of a development site — sometimes referred to as ‘mines and minerals’.
Q. Doesn’t a developer or landowner automatically own the land beneath the surface of his land?
A. Although a landowner may generally assume that he owns the surface of his land as well as the ground beneath it and the air space above it, there are exceptions to this…
Click on the link below to watch the IBB Solicitors video or download the transcript.
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