What exactly is subsidence rights?

Full question:

The coal mine wants to buy my subsidence rights. The subsidence rights are for my family owned business. What exactly is subsidence rights?

  • Category: Courts
  • Subcategory: Legal Definitions
  • Date:
  • State: West Virginia

Answer:

Please see the information at the following links:


http://www.wvgs.wvnet.edu/www/faq/faq.htm#Coal

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

Yes, you can sell a house with mine subsidence. However, it is important to disclose any known subsidence issues to potential buyers. This transparency helps avoid legal disputes later. Depending on the severity of the subsidence, it may affect the property's value. Buyers may also want to know about any existing insurance or compensation rights related to subsidence.