Mineral rights in a Louisiana Residential aggreement to buy or sell; mineral rights left blank
During a execution of a Louisiana residential Agreement to buy or sell, the line 30-32, mineral rights information was left blank and the document was signed by both the seller and buyer. The buyer's relator executed an addendum to clarify and explained that Line 31, zero percent mineral rights. The seller refused to sign. Since the initial agreement was executed with the percent to reserve or own blank. Does the empty blank indicate zero percent mineral rights will be reserved or owned by the seller? Does the seller have any claim to the mineral rights after an executed agreement? do the mineral rights transfer to the buyer? Is there anything that can be put in writing indicating that the mineral rights have been transferred to the buyer during the closing?
Tags: 30, 31, 32, agreement, blank, buy, line, louisiana, mineral, or, More…
Views: 410
Replies to This Discussion
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Permalink Reply by shiningwaterhole on
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thanks. a title lawyer said it reverts back to zero.
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Permalink Reply by kittycatmama on
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Has the sale closed yet?
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Permalink Reply by shiningwaterhole on
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no
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