This form is a formal request to undertake an examination of records in the office of the county and District Clerks' offices, insofar as those records pertain to the property and entities described. The examination is to assist in the preparation of updated acquisition title opinions for a buyer covering the undivided interests in the property which is described to be acquired by a buyer from a seller.
Colorado Request For Landman Record Search
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Multi-State
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US-OG-441
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Word;
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How to fill out Request For Landman Record Search?
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FAQ
You can hire a geologist or land surveyor to help you determine if there's something of value on your land. You can also look at mineral rights listings to see if your property has separate mineral rights for sale.
In the United States, mineral rights can be sold or conveyed separately from property rights. As a result, owning a piece of land does not necessarily mean you also own the rights to the minerals beneath it. If you didn't know this, you're not alone.
To find the owners and lessees of the mineral interests on the subject property, you can do your own research using the public records databases available in the with BLM records at: glorecords.blm.gov, Clerk and Recorder's Office, and the Assessor's Office, or you can hire an attorney or title company to perform the ...
As a general rule of thumb, the mineral rights value in Colorado for leased mineral rights is 2x to 3x the total amount of your lease bonus. For example, if you leased your mineral rights for $100,000 you could expect to sell for $200,000 to $300,000.
To find information on mineral rights, you may also visit the county clerk's office in the county where the minerals are located. This office stores data, documents, and records of leases and deeds filed for mineral rights.
One quick and dirty approach is the ?rule of thumb.? Those following the rule of thumb say that mineral rights are worth a multiple of three to five times the yearly income produced. For example, a mineral right that produces $1,000 a year in royalties would be worth between $3,000 and $5,000 under the rule of thumb.
Discretionary exemptions include: Records of investigations conducted by any sheriff, prosecuting attorney or police department; records of the intelligence information or security procedures of these same officials; any investigatory files compiled for any other law enforcement purpose.
If your deed does not list this information, you will need to contact the County Clerk in the county where your minerals are located. The County Clerk will either assist you in researching property deeds, or they can recommend a landman to assist you with this research.