California Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure

• Category: Oil Gas and Minerals - Waivers
• State: Multi-State
• Control #: US-OG-155
• Format: Word; Rich Text

Description

This form serves to amend an oil and gas lease to allow a lessee to drill at any location on lands subject to a lease, including a location in close proximity to a building or structure on the lands subject to a lease. A California Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure is a legal clause in a lease agreement that restricts the lessee from conducting any drilling activities within a certain distance from an existing structure. This provision is particularly relevant for property owners who want to protect their property, structures, and potentially prevent any damage that could occur from drilling operations. One type of California Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure could be a Residential Lease Agreement. This agreement is commonly used for residential properties, such as houses or apartments, where the lessor wants to ensure that drilling activities do not pose any risks to the structure or the tenant's well-being. Another type of California Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure could be a Commercial Lease Agreement. This type of agreement is relevant for commercial properties, such as office buildings, shopping malls, or warehouses, where the lessor aims to protect not only the structure but also the tenants, customers, or visitors from any potential hazards associated with drilling activities. In this waiver provision, the lessor stipulates the specific distance from the structure within which drilling operations are prohibited. This is essential to safeguard against any unintended consequences such as damage to foundations, underground utilities, or potential risks to human health and safety. To ensure enforceability, the waiver provision should explicitly state the consequences for non-compliance, such as potential termination of the lease or financial penalties for drilling within the specified distance. Additionally, it is crucial to include an acknowledgment clause where the lessee confirms their understanding and agreement to comply with the restriction. Overall, the California Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure provides an essential safeguard for lessors, protecting their property and structures from potential drilling-related risks while maintaining a safe and secure environment for tenants or visitors.

A California Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure is a legal clause in a lease agreement that restricts the lessee from conducting any drilling activities within a certain distance from an existing structure. This provision is particularly relevant for property owners who want to protect their property, structures, and potentially prevent any damage that could occur from drilling operations. One type of California Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure could be a Residential Lease Agreement. This agreement is commonly used for residential properties, such as houses or apartments, where the lessor wants to ensure that drilling activities do not pose any risks to the structure or the tenant's well-being. Another type of California Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure could be a Commercial Lease Agreement. This type of agreement is relevant for commercial properties, such as office buildings, shopping malls, or warehouses, where the lessor aims to protect not only the structure but also the tenants, customers, or visitors from any potential hazards associated with drilling activities. In this waiver provision, the lessor stipulates the specific distance from the structure within which drilling operations are prohibited. This is essential to safeguard against any unintended consequences such as damage to foundations, underground utilities, or potential risks to human health and safety. To ensure enforceability, the waiver provision should explicitly state the consequences for non-compliance, such as potential termination of the lease or financial penalties for drilling within the specified distance. Additionally, it is crucial to include an acknowledgment clause where the lessee confirms their understanding and agreement to comply with the restriction. Overall, the California Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure provides an essential safeguard for lessors, protecting their property and structures from potential drilling-related risks while maintaining a safe and secure environment for tenants or visitors.