Legal Information

Counsel’s Corner:

Deed Reformation

by Stuart Lautin, Esq.

      Michael and Billie Cade sold Barbara Cosgrove over two acres of land in 2006. The Special Provisions clause stated “Sellers to retain all mineral rights.” But the Deed did not contain any reservations and instead conveyed the property to Cosgrove in fee simple.

The Cades had leased the mineral estate to Dale Resources, which was succeeded by Chesapeake Energy. In 2009 and 2010, Chesapeake sent the Cades lease payments. In late 2010, Chesapeake advised Michael Cade that there was a problem with the Deed’s mineral reservation….

….. Read More.


 

Stuart A. Lautin, Esq.* Counsel to NTCAR

Higier Allen & Lautin, PC

5057 Keller Springs Road, Suite 600, Addison Texas 75001

P: 972.716.1888 | E: slautin@higierallen.com | W: www.higierallen.com

* Board Certified, Commercial (1989) and Residential (1988) Real Estate Law, Texas Board of Legal Specialization


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