Landowner Relations


Listed below are the documents that AB Resources will need to make any changes to interest owners.  Please include the prior owner's name, the new name and address, as well as the information indicated below for the corresponding change:


Change of Name


Individuals

Marriage
  • Copy of original marriage certificate; and
  • Internal Revenue Service Form W-9 in your new name.

Divorce
  • Copy of original Decree of Divorce stating name change.

NOTE: In case of divorce, proof of transfer of ownership (usually the divorce decree or Quitclaim deed) will be required before payments can resume.  See "Transfer of Interest/Ownership Changes" below.

Corporations

Corporate Name Change
  • Certificate of Name Change; and
  • Internal Revenue Service Form W-9 with new name.

Merger, Dissolution, or Sale
  • Certificate of Merger, if applicable; or
  • Certificate of Dissolution or Withdrawal, if applicable; or
  • Purchase and Sale Agreement, if applicable; and
  • Internal Revenue Service Form W-9 with new name and Tax ID.


Change of Address


For your security we will no longer accept address changes over the phone.  Please send a letter with the following information to AB Resources, Land Department, 6802 W. Snowville Rd, Ste E, Brecksville, OH 44141.

Your notification letter should include:

  • Your Tax ID Number (Social Security or EIN)
  • The Legal Description of your property
  • Your Old Address
  • Your New Address
  • Your Phone Number
  • Your Original Signature
Your address change will take effect on the first of the month following our receipt of your letter. of your letter.
If you are providing an address change on behalf of an interest owner other than yourself or your spouse, please provide appropriate documentation of your legal authority to act on behalf of that person (e.g., Power of Attorney or Guardianship).
  • Copy of original Decree of Divorce stating name change.


Transfer of Interest/Ownership Changes


All ownership changes must be filed of record in the County where the property is located.
No transfer of ownership will be acknowledged until we have received a legible copy of the recorded documentation of the sale.  Please refer to the table below for documentation required for different types of transactions.  Mail the documentation to AB Resources, Land Department, 6802 W. Snowville Rd, Ste E, Brecksville, OH 44141, along with the following information:
  • Buyer's Name
  • Buyer's Address
  • Buyer's Phone Number
  • Internal Revenue Service Form W-9 signed by Buyer
Seller/Buyer Documentation Required
Between Individuals
  • Copy of recorded conveyance (deed, quitclaim, etc.)
Seller or Buyer is a Trust
  • Copy of recorded conveyance (deed, quitclaim, etc.)
  • Documentation of authority of Trust representatives to make sale (usually a copy of the Trustee's Affidavit or Trust Documents).
Seller or Buyer is an Estate
  • Copy of recorded conveyance (deed, quitclaim, etc.)
  • Documentation of authority of Executor to make sale (usually a copy of the court order creating the estate).
Seller or Buyer is a Corporation
  • Copy of recorded conveyance (deed, quitclaim, etc.)
  • Documentation of authority of Officer to make sale (corporate bylaws, board resolution, or power of attorney).
Creation of Trust/Partnership
  • Copy of recorded conveyance, if applicable
  • Copy of Partnership or Trust Agreement

Power of Attorney / Guardianship


We must receive documentation of the Power of Attorney or Guardianship with any document signed by the representative, unless we already have it on file.  Documents required are:
Power of Attorney
  • Copy of Power of Attorney granting the Representative's right to act on the owner's behalf.
  • Name, address and phone number of Representative.

Guardianship
  • Copy of filed court order appointing Guardian
  • Name, address and phone number of Guardian.

Death of Interest Owner


All royalties and rental payments will be suspended upon notice of the death of an Interest Owner.  Payments will be held until proper documentation of the settlement of the estate is provided to AB Resources.
Documentation of Death of Interest Owner
  • Copy of Death Certificate

Documentation of Heirs
  • Completed Internal Revenue Service Form W-9 (below) for all heirs; and
  • Name, address and phone number for all heirs; or
  • Completed and notarized Trustee's Affidavit (below).

Documentation of the settlement of the estate, including
  • Copy of recorded Will or Probate Judgment; or
  • Copy of recorded Transfer on Death Deed; or
  • Copy of Trust Documents naming Successor Trustee; or
  • Copy of Court Order creating estate and naming Executor with Sale Documents (See Page 3 above).


Bankruptcy Proceedings


  • Copy of Order directing payment to bankruptcy trustee.

Lost, Stolen or Stale-Dated Checks


If a check is lost or stolen we can stop payment on that check at the request of the Interest Owner (processing fee applies).  We can re-issue lost or stolen checks 60 days after the issue date.  Stale-dated checks can be re-issued at the request of the Interest Owner.

Contact Information


Please direct all questions regarding leasing, ownership or royalties to our Land Department, as follows:

AB Resources
6802 W. Snowville Rd, Ste E
Brecksville, Ohio 44141

Main number (440) 922-1097
Fax number (440) 922-1251


To submit electronic copies of any of the above documents, click here.