We presently own land that is classified as Public School/Relinquishment Act land. Our present lease which is expiring soon, is written on General Land Office Relinquishment Act lease form. Will any new lease have to use this form?
An attorney has advised that some portions may be approved for amendment by the State of Texas. However, after looking at this lease in detail I am wondering if any sections can be changed since it seems to be a standard State of Texas Relinquishment Act Lease form. My question is can a landman/company present us with a lease that is not a Relinquishment act lease, and if they cannot, can this lease be amended to suit the operator?
Any information on this type of land/lease will be helpful in the next month or so when it comes lease negotiation.