Does a recorded lease have to be canceled at the clerks office like a mortgage must be if it's no longer valid?
A mortgage note (original) that has passed it's final paid off term date or has been satisfied will cloud a title if it isn't officially canceled.
Would it be the same for an expired lease that hasn't been canceled?

Views: 42

Reply to This

Replies to This Discussion

What if the lease has been assigned and the original lessee doesn't have the original or rights anymore.
P.G.

The articles of the Louisiana Mineral Code that apply to your questions are Articles 206 through 209. Should you send a demand letter for release and the last owner of record fail to respond to your demand letter, he will be subject to the penalties set out in these particular articles.

As a side note, more often than not, companies fail to file of record a release of expired or terminated leases. However, more often than not, they will respond favorably to a demand for release from a Lessor whose lease is no longer in effect. Remeber to send your demand letter via certified mail so that the operator cannot claim that they never received your demand for release.
How would I determine who is the last owner of record? I'm talking about a lease that would have expired in 1956 in far north Shreveport? covers part of T18,T19 R14 & several sections. Do not think there was ever any royalties.
Thanks Jim, your tips & info on this site have been really helpful..

RSS

Support GoHaynesvilleShale.com

Blog Posts

The Lithium Connection to Shale Drilling

Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…

Continue

Posted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40

Not a member? Get our email.

Groups



© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service