A company is contacting us about acquiring a pipeline easement across our family farm (Cotton). Can anyone educate me a little on what I should expect contractually and monetarily and maybe give me some tips on what to watch out for?
I always refer to the UT Lands Rate and Damage Schedule… Its also nice to get a non assignable clause in the easement. In some cases you could get paid in the future if they sell or assign it to another company. Definitely would have an attorney look everything over…Also have an agreement with them that allows you to get paid the difference if one of your neighbors negotiates a better price than you.
Thanks, Joe. I’m going to check that out. We haven’t received a proposal or offer from the pipeline company yet, but I wanted to start getting educated on the matter.
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