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Permalink Reply by Mark McGrail on February 1, 2014 at 3:25am

Busy,

First; find a good attorney, there are many issues far more important to deal with than the per foot price. A pipeline ROW is the closest thing you'll find to eternal life, they last forever. So you and your heirs will be dealing with it for the rest of your lives. You need to get it right the first time.

As for up front money $2.00 per inch of pipe, a 12" line would be $24.00 per foot. I would also limit the line to one line. If they come back again they pay again. If you could get them to agree a lease on the property is better for you. It could be for a certain term with renegotiation.

If you search this site you will find several good discussions about this issue, it's worth your time to search and read.

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Permalink Reply by markkot on February 1, 2014 at 4:13am

Busy B,

 I agree with Mark, 1st and foremost, consult with a knowledgeable atty.  In the interim, I'm attaching a 9 page list of items to consider which I had gotten off another thread here on GMS.  It looks to be from an atty in TX, but brings up a lot of things you should address.  Good Luck !!    mark

Attachments:

• pipeline ROW terms .pdf, 126 KB

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Permalink Reply by Mark McGrail on February 1, 2014 at 4:25am

markkot,

I came back to the discussion to post a similar list,and to add, as you have, that the attorney be knowledgeable in this area. Don't go out and hire your cousin Vinnie because he'll cut you a break on fees.

Thanks for the info.

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Permalink Reply by Busy Bee on February 1, 2014 at 5:00am

Thanks for the help. To me $2 per foot seems low . I really don't think the size of the pipe matters to me . Wether it's a 12" or 30" pipe it's my land that's basically gone for good . Just my thoughts .

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Permalink Reply by Busy Bee on February 1, 2014 at 5:01am

Thanks for the help.

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