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Propane Company Came To Claim Their Tank 2 Years After We Purchased The Property.

Location: Oklahoma

We bought the home in late 2024, the

paperwork listed the propane tank as an asset to the property (unless leased)

To the best of our and the title company the tank was owned by the deceased former home owner. Last month a propane company came and said it was their tank and it had been leased to the deceased former owner. It had been well over 2 years since his passing and they finally realized he hadn’t paid in a while and did t know he was deceased.

Now we have the problem. They want to continue the lease or we can purchase the tank. They was 1700$ for a 1972 atlas 250g tank. Insane price, especially for Oklahoma. Used range from 200-600$ in working order at that age. What can we do?

What we are thinking is declining, purchase a 500$ tank and license it. Empty out their tank and tell them to come get it (we filled it twice since we moved in so propane is ours) but honestly wondering by if there is some way to file abandoned property and keep it. This whole situation was a bad error on the company’s side with their poor bookkeeping

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Propane Company Came To Claim Their Tank 2 Years After We Purchased The Property.

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