Based upon the above facts, this is what usually happens:
1) As Skip states, the new Purchaser is required to contact the present Lessee to notify them of the change of ownership. Per the terms of most form leases, Lessee is not…"
"I don't need to vouch for Skip Peel's answer, I am wondering though if perhaps the former owner's lease allowed surface rights which might encumber the new owner of property? Might also be that lease about to expire and not…"
The following situations actually happened here in Louisiana to a young couple who just moved next door to me. So, I am asking this on their behalf and hoping for information to pass on to them. Therefore, I am thanking you in advance for your sage advice.Here are the facts:1. They bought a house on 2 acres, and the seller signed over the minerals rights to the home buyer in the closing for the property on March 14, 2022.(SIDE NOTE: They had no idea they were even getting the mineral rights,…See More
Hello! I hope the site is a place for you to learn, network and contribute. My name is Keith and I started the site in June of 2008 to open up lines of communication between landowners. Since then, we have grown to over 13,000 members.
Because our network has grown word-of-mouth, I want to encourage you to invite your friends and family by clicking here.
There are a couple things you should check out. 1) Check out current discussions. 2) Join in on the County and Parish Groups. By joining a County or Parish, you are networking locally with people who share similar concerns.
Be sure to read up on how to navigate the site HERE. This will help you get the most out of the site.
As a member, should you ever be on the recieving end of crudeness, rudeness or spam, let me know. The site is a peered monitored site and we need your assistance.
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More