For your convenience we created the diagram below to help you learn about proper documentation for ownership changes.
Please keep in mind that this is merely a guide and that all requests for changes must be submitted in writing. Please allow 60 business days for the transfer to be completed or more time if additional information is needed.
Current interest owner or authorized representative completes and records (in the county where lands are located) documents that signify the change in ownership. Owner provides Bonanza Creek with copies of the recorded document.
See Required Documents »
Bonanza Creek receives and verifies the documents. A Transfer Order is issued and sent to both the previous and new Owner.
The previous and new Owner sign the Transfer Order and send it back to Bonanza Creek.
Upon receiving the Transfer Order Bonanza Creek updates its records with the new Owner information.
When appropriate, Bonanza Creek remits payments to the new Owner.
|Power of Attorney addition or change||Copy of Power of Attorney, or copy of document effecting the change in current status.|
|Name change for a company or other entity||Affidavit of name change or other state certified document effecting the change together with the new tax identification number, if applicable.|
|Name change due to marriage, divorce or other||Marriage Certificate, Divorce Decree or other document effecting the change.|
|Address Change||A written request with the owner number, last four digits of the tax identification number, address, owner signature and date. Change of Address Form|
|Bank Change or Direct Deposit Request for Automatic Payment||If payment is mailed to a bank or lockbox, send the request in writing with the same information as a request for an address change. For direct deposit or to change current account information, complete the Bonanza Creek Automatic Payment form.|
|Purchase or Sale of Interest||Copy of conveyance as recorded in the county or counties in which the property is located.|
|Ownership change due to divorce||Divorce decree and settlement agreement or judgment as recorded in the county or counties in which the property is located, if applicable.|
|Ownership is transferred to or from a trust||Copy of the trust agreement, or at a minimum, the pages addressing the creation of the trust, identification of the trustee and/or successor trustee, the powers afforded the trustee and a copy of the conveyance as recorded in the county or counties where the property is located.|
|Trustee change||Documents evidencing the change and appointing the new trustee.|
|Death of Joint Tenant||Death Certificate of joint tenant.|
|Death of owner – a
Will was probated
|Copy of each of the following documents:
- Death Certificate
- All documents of complete Probate Proceedings
- Estate Inheritance Tax Release, if applicable
- If the probate is in a state other than where the property is located, a copy of the ancillary probate recorded in the county or counties in which the property is located
|Death of owner – No Will or Will was not being probated||Copy of each of the following documents:
- Death Certificate
- Notarized copy of the Affidavit of Heirship as recorded in the county or counties in which the property is located
- Copy of Letters of Personal Administration from the court, if applicable