Don't learn the hard way, as other have, who were not fimilar with the tactics these fellows use. One of the misleading elements is a $2,000 per acre lease.
If it is a 5 year lease, make sure your will receive that amount each year.
Most of the time the $ amount per acre is divided by the term of the lease.
EXAMPLE:
$2,000.00 divided by 5 equals $400.00 per acre PER YEAR!!!!
At $400.00 per acre you will receive $28,000 a year.
My advise is to make sure you have clear title to the mineral rights and then spend some of the $28,000 before you get it on lawyer fees.
Beleive me, it's the only way to deal with these FELLOWS !!!
This is one of the simpilist misleading variables of a llease.
Ronald b. nicklow
Bernie,
Don't learn the hard way, as other have, who were not fimilar with the tactics these fellows use. One of the misleading elements is a $2,000 per acre lease.
If it is a 5 year lease, make sure your will receive that amount each year.
Most of the time the $ amount per acre is divided by the term of the lease.
EXAMPLE:
$2,000.00 divided by 5 equals $400.00 per acre PER YEAR!!!!
At $400.00 per acre you will receive $28,000 a year.
My advise is to make sure you have clear title to the mineral rights and then spend some of the $28,000 before you get it on lawyer fees.
Beleive me, it's the only way to deal with these FELLOWS !!!
This is one of the simpilist misleading variables of a llease.
Feb 3, 2011
Ronald b. nicklow
Bernie,
Have you taken any action on your offer, and if I may ask with whom.
Ron
Feb 16, 2011
Finnbear
Bernie,
Where in Belmont county is your land located?
Finnbear
Apr 28, 2011