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What means Rights and interests reserved to the Crown

Discussion in 'Legal Issues' started by evisional2, 18th Aug, 2016.

  1. evisional2

    evisional2 Well-Known Member

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    4th Aug, 2015
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    Melbourne
    In the Title Search, I find the following sentence in EASEMENTS, ENCUMBRANCES AND INTERESTS section:

    Rights and interests reserved to the Crown by Deed of Grant No. xxxx

    Can I ask what it means?

    Thanks
     
  2. Colin Rice

    Colin Rice Mortgage Broker Australia Wide Business Member

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    It means if their are resources on the property such as oil, gas and minerals etc. the government can reclaim it and pay you market price to GTFO!
     
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  3. JDM

    JDM Well-Known Member

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    Yep, essentially means the Crown reserves the rights to the resources that may lie within the property boundary. The deed of grant no. bit is reference to historic plans. This will be on every title search in Queensland (and probably other States) and can essentially be ignored unless you are buying the property for a mining related purpose, in which case you would be looking for separate mining permits to give you a right to these resources.
     
  4. evisional2

    evisional2 Well-Known Member

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    Melbourne
    Thanks for your replies. Does it effect in my intention to subdivision on the land or build more than 1 dwelling on the lot.

    How can I search for content of the Deed of Grant?
     
  5. JDM

    JDM Well-Known Member

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    Unless you have aspirations of striking it rich and finding oil/coal/gold etc on your development site you have no issues at all. Don't bother trying to find the original deed of grant. Just ignore that entry on the title search.
     
  6. larrylarry

    larrylarry Well-Known Member

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    Essentially the crown owns all the natural properties beneath your house. So if there's gold or oil... Ssssh....

    When we had a lecture on property law many years ago...and this was taught to us... Many eyes rolled..