Land Ownership Report
A land ownership report is a summary document that provides important information about a particular tract of land. A land ownership report is especially useful for understanding who owns a land tract’s surface and mineral rights. Land ownership reports are often prepared in tandem with run sheets, which offer detailed transactional data.
What Information Appears in a Land Ownership Report?
The contents of a land ownership report may vary depending on the specific use case and preparer. Generally speaking, however, land ownership reports commonly include:
● Where the tract of land is located
● Size of the tract / acreage
● Description of the property
● Mineral rights owner(s)
● Surface rights owner(s)
Renewable energy project developers rely on land ownership reports when evaluating tracts within an area of interest. Failing to properly understand a land tract’s ownership can be a costly mistake, especially in situations involving severed mineral rights. Installing solar panels on a thousand acre tract requires a significant capital investment, and failing to obtain the necessary surface and mineral rights puts that investment at risk.
Preparing Land Ownership Reports
Attorneys prepare land ownership reports, but hiring a land company like New Era Land Services LLC can be more economical. Local courthouse research is often required and involves pulling a land tract’s deeds, leases, easements, and related agreements. Transaction details are usually captured in a run sheet, while high-level findings are added to the land ownership report.
An ownership report prepared by a land company may need to be reviewed and signed off by an attorney. In addition, land ownership reports sometimes become part of an attorney-prepared title opinion.
Land Ownership Reports for Renewable Energy
New Era Land Services offers a variety of solutions for renewable energy project developers. We regularly prepare land ownership reports and run sheets for our clients. Browse our services to learn about our expertise.
Contact us for help with land ownership reports.