I’ve been asked to sign a 6 month extension on a 5 year lease that expired in April with a $500 signing bonus. I have a little over .25 acre in a residential subdivision. I am having a hard time getting straight answers from the leasing company. A brief conversation with attorney said a 6 month extension is a red flag.
The lot is very close to the glen garden site (chesapeake) and info says they are planning on drilling new wells in July 2011. The leasing company referenced a different location than the glen garden site (Chickasaw and Mitchell intersection). I could not find any info for that specific area.
I am not a Texas resident… Was my fathers property. Attorneys fee to get advice will run me more than the signing bonus. Anyone have any info to share?