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Message
re: Just bought 40 acres
Posted on 10/30/13 at 10:14 am to SD90MAC
Posted on 10/30/13 at 10:14 am to SD90MAC
quote:
Can the seller still lease the rights to my land even though i dont sign
Not surface rights, but what is under, yes for 10 years from sale day.
OP, now if the oil company wants to shoot for seismic, you will get X amount of money per hole across your land. Last time they did my place(20+ years ago), I was paid $25 a pop. Don't know the going rates now.
This post was edited on 10/30/13 at 10:19 am
1
Posted on 10/30/13 at 10:25 am to fishfighter
Go sign up for use value at your assessors office to lower your taxes on the 40 acres
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