Mineral Lease

Science / Geology / Mineral Lease: A contract in which a mineral interest owner conveys to another party a right to explore for, develop, and produce mineral resources. The lessee acquires a working interest and the lessor retains a royalty interest of a specified percentage.

Other Words for Lease

Lease Noun Synonyms: rental agreement or contract, sublease, sublet
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Partial Release

Business / Debt / Partial Release: Partial Release is a mortgage provision allowing some of the pledged collateral to be released if certain requirements are met. MORE

Ore Mineral

Science / Geology / Ore Mineral: A mineral that contains a high enough concentration of a useful element or compound that the element or compound can be extracted at a profit. MORE

Operating Lease

Business / Accounting / Operating Lease: A simple rental agreement. MORE

Open-End Lease

Business / Finance / Open-End Lease: A lease agreement that provides for an additional payment at the expiration of the lease to adjust for any change in the value of the property. MORE

Partial Release Clause

Business / Real Estate / Partial Release Clause: A mortgage provision under which the mortgagee agrees to release certain parcels from the lien of the blanket mortgage upon payment of a certain sum of money by the mortgagor. The clause is frequently MORE

Percentage Lease

Business / Real Estate / Percentage Lease: A lease, commonly used for commercial property, whose rental is based on the tenants gross sales at the premises. It usually stipulates a base monthly rental plus a percentage of any gross sales above MORE

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