I love most everything about this website and the help it provides.
When something different happens (such as signing a cover letter to receive a lease packet) that I've never seen happen in previous leasing events, and I don't understand it, or the legal consequences of it; I feel very comfortable to come to MRF and post the situation, for input.
In most every post, I get the answers needed and feel confident those posted answers are correct. What seems difficult to me, has been answered by very knowledgeable people.
For this, I am very appreciative and so happy this website exists.
Most everyone could agree that leasing situations have changed a lot, in comparison to 10+ years ago, maybe less than 10 years. As for negotiating in good faith, is the way we were raised, typically a handshake was all that was needed for most of lifes need, (not leases of course). As to a mineral owner wanting to change terms after getting a lease in the mail, I'm guessing many times there are Lessors new to the process and have no idea what terms are "fair" and this offer comes out of the blue, so he/she says yes; then calls a few neighbors or relatives etc. only to find out they're being taken for a fool, and want better terms.
On the flip side, there are those that have posted messages here; of leases being sent out, the lessor signs, and 30+ days later or more, the Lessee decides they're not going to honor it, for whatever reason. Hopefully they return the lease, but it has taken the MO's ability to lease to other offers, they might have even turned down; for however length of time that rejection took, and there is no recourse for the lessor.
I know Buddy has multiple leasing forms, in which one would secure that the lessee does indeed have to honor the offer being made. It's a shame that good faith term doesn't exist within ALL landsmen. I know there are good landsmen out there, but within the craziness of North Dakota oil boom, there are hundreds of horror stories of stunts being pulled. The bottom line is, it IS the lessors choice to sign on or not, with or without guidance of someone knowledgeable.