Comment

Comment by Mr. Bill on January 3, 2012 at 5:28am

What happens if the bonus is not paid by the 120 day deadline?

Comment by Jeanette Krunich on January 1, 2012 at 8:05am

yea, that is probably true. Thanks.

Comment by Jeanette Krunich on January 1, 2012 at 5:46am

I also thought it might be to hold the land?  I was told Ohio was a race state, so who gets the lease recorded first? 

Comment by Jeanette Krunich on January 1, 2012 at 5:24am

My understanding the memorandum can be recorded before the title is checked.  The lease states after title due diligence review that the lessor does not have a marketable title to the leased premises, then lessee shall promptly terminate any recorded memorandum of lease it may have filed and this lease shall terminate. 

Comment by Mr. Bill on December 31, 2011 at 10:03am

Jeannette, does the memorandum mean the deed has been researched?

Comment by Jeanette Krunich on December 27, 2011 at 5:51am

I believe the only way to know if they have been recorded is to go to the recorder's office.  If you call they recorder's office, I think they will tell you if one has been attached to your land.  Holland Services is using a Memorandum and I believe those are being attached before payment to the lessor.  My understanding they will be removed if payment is not made in the designated time frame.

Comment by Nelson Roe on December 27, 2011 at 5:29am

I don't imagine there would be... But, never hurts to ask... Is there any way to go more in depth to see particularly who's leases were recorded?  Seeing the numbers is a nice thing, but I would like to know if any of my friends/neighbors have actually had their's recorded yet.

Comment by Philip Brutz on December 27, 2011 at 3:37am

Does anyone know anything about Capstone Holdings?  They own hundreds of acres around my land in Millwood  Twp.  They used be Seaway Coal.

Comment by Philip Brutz on December 23, 2011 at 1:51pm

553 leases recorded the week of 12/17

http://www.apollomapping.com/energy-gis/marcellus-utica/weekly-leas...

Guernsey OH 553
Carroll OH 364
Monroe OH 329
Beaver PA 319
Lawrence OH 245
Belmont OH 213
Stark OH 202
Noble OH 193
Tuscarawas OH 150
Portage OH 145
Mercer PA 127
Harrison OH 114
Westmoreland PA 111
Jefferson OH 88
Washington PA 53
Columbiana OH 40
Mahoning OH 38
Coshocton OH 4
Morgan OH 4

Comment by Red Skelton on December 18, 2011 at 12:20pm

I would say so, and also 1511 people should have received a check for their signing bonus prior to these being filed.

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