LND 105 - Fundamentals of Title Abstracting

Credits: 4
4 Lecture Hours

Prerequisites: LND 101 and LND 102
Co-requisites: LND 103

Description
This course is a study of the principles of property title abstracting. The student will understand the process of being able to provide the chain of title for a tract of land including the surface, oil, gas, coal and minerals, as well as the leasehold chain for the property and providing any and all encumbrances on the property.

Learning Outcomes
Upon successful completion of the course, the student will:

Provide the Chain of Title for the surface estate.
Provide the Chain of Title for the subsurface estates.
Provide the Leasehold Chain of a tract of land.
Prepare a runsheet and schematic chart.
Provide a deed plot for the legal description of property.
Determine well status, location and production using the Ohio Department of Natural Resources (ODNR), Pennsylvania Department of Environmental Protection (PADEP) and West Virginia Department of Environmental Protection (WVDEP) websites.

Listed Topics

Deeds
Oil and gas leases including assignments of lease and surrender of lease
County recorder indices
Property tax cards
Mortgages
Judgments and liens
Estates
Deed plotting
Easements and Right of Ways
Pooling and unitization agreements
Power of attorney
Affidavit of non-production
Butler vs. Powers Estate
Ohio Dormant Mineral Act

Reference Materials
Instructor-approved textbook and materials, deed plotting software, state government interactive websites, county recorder online indices

Approved By: Bullock, Quintin Date Approved: 03/03/2015

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LND 105 - Fundamentals of Title Abstracting