Dead rent: fixed rent payable on mining leases irrespective of production, distinct from royalty in lease arrangements. Dead rent is a fixed rental obligation on a mining lease payable in addition to a royalty and remains payable whether the mine is worked. It is ... Summary
Dead rent: fixed rent payable on mining leases irrespective of production, distinct from royalty in lease arrangements.
Dead rent is a fixed rental obligation on a mining lease payable in addition to a royalty and remains payable whether the mine is worked. It is distinguished from royalties, which vary with production; lessors commonly reserve both a fixed yearly charge and a royalties-based charge (galeage rent), with the fixed component termed dead rent.
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