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Permalink Reply by The_Baron on January 11, 2012 at 10:01

for such a small lot, yea the money is probally about right. you are looking at about a 0.0003125 % interest in the unit. thats a lot of zeros. Of course it all depends on the well... but at that interest and our abysmall nat gas prices, I wouldn't expect much.

 

As to the Usafruct, I would assume that the property was leased prior to her reciving the usfruct and you becoming a naked owner, otherwise I would have expected them to have you ratify the lease then. (or maybe not, it is CHK).

 

As a naked owner you own part of the property, but as per LA law the usafruct has the right to use and benifit finacially from the property until the usafruct expires (usualy at death). so if you refused to send the monies to your mother, conceivably she could sue to get those monies.

 

CHK is seeking to protect themselves from a fight over where they pay the roayities. Are you sure its a DO and not a ratification of the lease?

 

Don't be afraid to call CHK.  

 

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