Inherited Land

My wife and her sister inherited 4 acres of land in Desoto Parish. They will inherit 140 more acres after Grandmother (God Bless Her) passes. She signed a three year lease last year for the rate of 10,000 per acre. If my wife and her sister inherit that land what happens to the lease that Grandmother signed. Are the Grandaughters held to that contract?

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Permalink Reply by Jon Williamson on May 9, 2009 at 16:50
Yes the grand daughters are the new lessors.
Permalink Reply by danny meyers on May 9, 2009 at 19:38
Yes all future owners will be bound if it is drilled on time and production continues, and predictions are for this shale to last for decades.
Permalink Reply by Rockyford on May 11, 2009 at 4:46
Thank You for the information.

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