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Permalink Reply by BIGWOOD66 on August 21, 2008 at 0:01

What do you mean "posted". Do you mean recorded?

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Permalink Reply by Skyfroging on August 21, 2008 at 0:03

yes, i'm sorry recorded...

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Permalink Reply by BIGWOOD66 on August 21, 2008 at 1:13

The lessee can present the lease to the clerk to record at any time after it is signed by the lessor. Once presented and recorded it is then considered an authentic act. The dates on the lease are the prescriptive dates. Help any?

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Permalink Reply by Slick1983 on August 21, 2008 at 2:59

The lease is effective as of signing date. Some companies hold leases for a while so as not to tip off other companies that they are leasing and where. The recording can range from immediately to several months. If there are two leases, (if someone signs another lease on same property) the first one to the court house is the one that's in effect, regardless of date.

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Permalink Reply by Skyfroging on August 21, 2008 at 16:28

thanks a lot for everyone's help....it's much appreciated...

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Permalink Reply by KT on August 21, 2008 at 16:54

Re the posts by Jim and Slick - not keeping the nose to the grindstone could take some skin off the butt. Fair law with funny consequences.

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Permalink Reply by Horseshoe Girl - a1 on August 21, 2008 at 17:14

If you have not been compensated ($) for lease, you can lease to another O&G even if lease is recorded. Lease is not binding if you haven't been paid!

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