Replies to This Discussion

Permalink Reply by Craig Stull on October 26, 2012 at 8:00am

Joseph, I dont believe you would be obligated to sign a lease if you joined this landowner group but if you do join, it will keep you from signing a lease with someone else until mid June. If you did not like the terms of the lease/bonus you would not be obligated to sign this lease.

Permalink Reply by elliemae82 on October 26, 2012 at 3:06pm

Craig, I thought everyone voted to see if any deal made would be accepted by how much acreage you own. ( 1 vote/acre ). I was under the impression if you sign up and they make a deal you could not back out if the majority accepts it. Maybe I misunderstood the person I talked to.

Permalink Reply by Dan on November 2, 2012 at 8:39am

Not entirely  true. Before you sign a commitment ( join the group ) it is made clear that what ever way the majority of group votes in the end you are ask to align your vote with the majority. It is made very clear if you don't think you can abide by this you are ask not to join the group. There were a few in the Trumbull group that did not sign.  Being you have not signed the actual lease ahead of time you can't be forced to sign it.

I'ts more of a you gave your word you would agree with the majority and then you don't.

Permalink Reply by Joseph-Ohio on November 2, 2012 at 12:44pm

Thanks to all of my neighbor Landowners kind enough to reply to this post.

I'm reading a sort of mixed bag of answers but am also concluding as most plausible that if an individual Landowner signs up with a 'Landowner Group / Service' promoting a larger 'block' of acreage to the various interested Developers; that when a 'Leasehold Agreement' comes to a 'Landowner Vote' that all of the Landowers who have signed up must go with the majority's conclusion. 

Also still thinking that the signed up Landowners may not see the 'Leasehold Agreement' being promoted until it comes to a vote.  Is this all true ?  Or will the signed up Landowners see the 'Leasehold Agreement' being promoted sometime prior to negotiating a final deal with one of the interested Developers and perhaps vote on content being presented ?

P.S.: Sorry for not getting back sooner but we're just getting back on line after an extended power outage.

Permalink Reply by Dan on November 4, 2012 at 2:23am

Joseph-Ohio you won't see anything other than a completed lease. With all the money at stake secrecy is a must with big business ,  negotiations would end in a hurry if we all knew what terms were talked about ahead of time. Not 100% sure when you would see the final lease. When the vote takes place the lease is not signed that night anyway ,  and you would still have time for a expert to look it over before you sign.

I was off line as well for a few weeks with a Windows 7 glitch. Went back to Linux a lot less trouble.

Permalink Reply by Joseph-Ohio on November 4, 2012 at 10:34am

That's some bad news Dan.

It seems to me that if a Landowner signed up with a 'Landowner Group / Service and then decided to not sign the 'Final Lease Agreement' (that the 'Landowner Group / Service' came up with) it would seem that the 'Landowner Group / Service' could claim damages and the whole mess end up in court after all.

Exactly NOT where we (writing for myself and my wife as Landowners) want to end up.

On that basis we're not thinking a Landowner Group / Service is right for us at this time - maybe later given better definition of a 'Final Lease Agreement', and a Landowner Group / Service that wants to do business that way.

Thanks for the insight.

J-O  

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