How long does it normally take to record a lease deal at the courthouse?
Hello all. How long does it normally take to record a lease deal in Beaver county? A land man has told me that everyone around me has signed a lease but there is no record of any of my neighbors having signed a lease at the Beaver County Courthouse. I know it has been at least a month since this Land man told me about my neighbors. Also, why would it be so important for him to lease my land. He seems very determined. Thanks for any replies.
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Replies to This Discussion
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Permalink Reply by Lease Expert on
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Ask the Landman for proof of the neighbors lease and ask the landman why he is so determined to lease your land. He should be an honest person and explain these things to you in detail. If not do not sign with him and contact the company he is representing.
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Permalink Reply by Brian on -
I signed a lease in late January 2010 and it is still not recorded. I doubt the land man is going to provide you with proof that your neighbors signed. He could very easily say that the info is restricted and he cannot show you. Until the lease is signed, the best way to find out is to go talk to your neighbors.
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Permalink Reply by Keith E on
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Mike,
Off topic, how are you planning to keep MDS lessors in this large land offering informed of the proceedings in the coming months? I recommend keeping your website updated as much as possible or you will be inundated with calls that I would guess you will not have time for.
Keith E.
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Permalink Reply by rmc on
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Ask the land man for your neighbors telephone # .If he says he can't give it to you or can't get it , he is lying to you and tell him so. I have had many landmen from gas companys to pipeline companys tell me the same thing (They have already leased my neighbors) and the only one that was telling me the trurh was the one that gave me the tele# for the person owning property next to me that lives in Florida . All the rest of them where lying. I tracked down the owners and asked them by phone or in person from Washington DC to the State Washington ,some said it was none of business but most talked to me when I explained who I was and what my situation was.
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Permalink Reply by Victoria Smith on -
If you checked the records and nothing is on record, I would go with "there is no publicly recorded proof that any of my neighbors have signed". In Beaver County I would give it up to a month for document recording but that is from the day the Recorder receives the document. As far as confidentiality of lease terms, a company and lessor can always agree to record a Memorandum of the lease rather than the lease itself.
So maybe all your neighbors are talking to the landman, that doesn't mean anything is finalized.
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Permalink Reply by Willi West on
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"up to a month, after they receive the document"? Are they really that far behind in Beaver County? My experience in another county is that on a normal day everything that is brought in gets recorded the same day, usually in less than an hour.
Could you, please, tell us the basis for your statement?
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Permalink Reply by Bryan D. Huwar on
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Victoria is right that the company will likely record Memorandums of Lease. This wasn't nearly as common with the old leases intended for shallow drilling, but with the competition and secrecy - and deception or out and out lying - surrounding the Marcellus leasing this is pretty much the norm now. The actual recording and getting on public record really doesn't take long, just paying a recording fee and getting the document scanned into the computer so it's not the recording process that is holding things up. Plus, it would be unlikely that the company would record the Memorandum unless title passes muster and they decide that they truly want it. It's one thing if your neighbors signed, but quite another if they got paid. If they got paid you can darn well bet that the Memorandum is recorded, otherwise a purchaser buys the property without being encumbered by the lease (unless they have actual notice of the lease, of course). A company is going to protect their investment of thousands of dollars per acre and get the lease on record once they're set on following through with leasing. I agree that you absolutely must talk to your neighbor. You might not get out of them how much they were paid but you'll usually get out of them whether they've been paid. As to why he is so determined to lease your property - that's how he gets paid. As to why it would be so important for him to lease your land - again, that's how he gets paid. But more importantly to the companies is that they want to lease as much contiguous land as possible so they can put together large units. Remember, the wild west has come to us, so if you're going to remember one piece of advice through all of this, remember the advice from a guy who has been dead for 220 years: "Believe none of what you hear and half of what you see." - Benjamin Franklin.
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