It is commonplace, kind of frustrating to landmen working title though. They always just disclose the primary term and thats about it, coupled with a legal. I would echo what most others say but I would say if the deal is good, do some research and talk to neighbors relatives etc, accepting a check is not the only way to get it done. OFTEN companies are racing in to establish a footprint, many of them with the intent to flip for a profit, and due to that many times they are operating off a quick lease check so they do not know what you actually own. So, most times they offer a draft with orders to fund the draft at time at which the title is sorted out and they know just what you might own.