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It could, depending on how the added lands are classified; it's best to consult with a tax professional to get the full picture.
You usually start by talking with local officials or a legal expert to understand the steps and gather support.
Generally, any land that’s suitable for the intended use can be added, provided it meets local regulations.
Existing leases may have their terms modified, but they're still protected overall; it's all about finding a win-win situation.
Typically, you need the cooperation of landowners, lessees, and possibly local government to get the ball rolling.
Including more lands can boost the opportunities for development and make the unit more efficient overall.
It's a legal change that allows for more lands and leases to be included in a specific unit, making it easier for everyone involved.
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