Legal Definitions - mining rent

Definition: Mining rent is the payment made for a mining lease, regardless of whether the lease creates a tenancy, conveys a fee, or grants a mere license or incorporeal right.

Example: A mining company pays a landowner $10,000 per year for the right to mine on their property. This $10,000 is considered mining rent.

Explanation: The example illustrates mining rent as the payment made by the mining company to the landowner for the right to mine on their property. The payment is made regardless of the type of lease agreement, whether it is a tenancy, fee, license, or incorporeal right.