2007-09-04 15:41:55 · 4 answers · asked by chevy1500 1 in Business & Finance ➔ Renting & Real Estate
I own a rental property, recd letter from a company offering 36 mos. leases for 600 mos looking for gas reserves under my and surrounding properties
2007-09-04 15:56:25 · update #1
would it be a good idea to sign the lease?
2007-09-04 16:05:21 · update #2
This is a complex and very specialized are of real estate law and should not be undertaken until counsel is consulted.
Now, if you received a letter requesting your signature, you can almost bet that you'd be on the losing end of this deal. You must review it carefully and allow counsel to do the same. I've run into some pretty strange things in these leases and they will affect your ability to sell down the line if the leases are still in place.
If the money is enticing, play it safe and allow a competent oil/gas attorney to review it and offer feedback.
2007-09-04 17:10:40 · answer #1 · answered by liveinaustin 3 · 0⤊ 0⤋
Yes I'm familiar with them, is that your question.
2007-09-04 15:56:29 · answer #2 · answered by bido_gg 2 · 0⤊ 0⤋
I know a little bit about them. What do you want to know?
2007-09-04 15:51:41 · answer #3 · answered by STEVE C 4 · 0⤊ 1⤋
if you do not know anything about them, do not put your money into these investments.
2007-09-04 15:48:26 · answer #4 · answered by 27ysq 4 · 0⤊ 1⤋