Alabama Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• Control #: US-OG-572
• Format: Word; Rich Text

Description

The Affidavit states that the Primary Term of a Lease is Not Extended by Additional Bonus Payment. Alabama Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor is a legal document used in the state of Alabama to address a specific scenario related to lease agreements. This affidavit is designed to declare that the primary term of a lease agreement has not been extended by any additional bonus payment made by the lessor. Key elements that are usually included in an Alabama Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor are as follows: 1. Title: The document is titled "Alabama Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor" to clearly indicate its purpose. 2. Introductory Information: The affidavit should identify the individuals involved in the lease agreement, such as the lessor (landowner or landlord) and the lessee (tenant or oil and gas company). 3. Lease Agreement Details: The affidavit should reference the specific lease agreement being addressed, including the date it was entered into and any identifying numbers or references. 4. Description of Primary Term: The affidavit should outline the original primary term of the lease agreement, which is the initial period during which the lessee has the right to explore and extract resources from the leased property. 5. Mention of Additional Bonus Payment: This portion of the affidavit states that the lessor has received an additional bonus payment beyond the agreed-upon terms of the original lease agreement. 6. Declaration of Non-Extension: The core component of the affidavit, this section explicitly declares that the additional bonus payment does not extend the primary term of the lease agreement. It confirms that the original primary term remains unaffected, regardless of any supplemental payments made by the lessor. 7. Signatures and Notarization: To make the affidavit legally binding, it should include signature blocks where both the lessor and lessee can sign, witnessed by a notary public. There may not be different types of Alabama Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor, as it addresses a specific concern within lease agreements related to primary term extension. However, variations in the specific details of the lease agreement being mentioned may exist. Keywords: Alabama, affidavit, primary term, lease agreement, additional bonus payment, lessor, lessee, declaration, extension, legal document, notarization.

Alabama Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor is a legal document used in the state of Alabama to address a specific scenario related to lease agreements. This affidavit is designed to declare that the primary term of a lease agreement has not been extended by any additional bonus payment made by the lessor. Key elements that are usually included in an Alabama Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor are as follows: 1. Title: The document is titled "Alabama Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor" to clearly indicate its purpose. 2. Introductory Information: The affidavit should identify the individuals involved in the lease agreement, such as the lessor (landowner or landlord) and the lessee (tenant or oil and gas company). 3. Lease Agreement Details: The affidavit should reference the specific lease agreement being addressed, including the date it was entered into and any identifying numbers or references. 4. Description of Primary Term: The affidavit should outline the original primary term of the lease agreement, which is the initial period during which the lessee has the right to explore and extract resources from the leased property. 5. Mention of Additional Bonus Payment: This portion of the affidavit states that the lessor has received an additional bonus payment beyond the agreed-upon terms of the original lease agreement. 6. Declaration of Non-Extension: The core component of the affidavit, this section explicitly declares that the additional bonus payment does not extend the primary term of the lease agreement. It confirms that the original primary term remains unaffected, regardless of any supplemental payments made by the lessor. 7. Signatures and Notarization: To make the affidavit legally binding, it should include signature blocks where both the lessor and lessee can sign, witnessed by a notary public. There may not be different types of Alabama Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor, as it addresses a specific concern within lease agreements related to primary term extension. However, variations in the specific details of the lease agreement being mentioned may exist. Keywords: Alabama, affidavit, primary term, lease agreement, additional bonus payment, lessor, lessee, declaration, extension, legal document, notarization.