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of <h1>Fixed Payment 'Dead Rent' in Mining Leases: Guaranteed Income for Lessors, Unlike Production-Based Royalties.</h1> Dead rent is a fixed payment made on a mining lease, in addition to royalties, regardless of whether the mine is operational. This term is used in mining leases to distinguish it from royalties, which vary based on production levels. The concept is detailed in several legal dictionaries, including Wharton's Law Lexicon, Black's Law Dictionary, and Jowitt's Dictionary of English Law. These sources describe dead rent as a guaranteed income for the lessor, contrasting with royalties that depend on the quantity of minerals or other materials extracted.
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