If the description of lands contained in a lease is incorrect, rather than entering into a new lease, the existing lease may be amended, with the amendment providing the correct description of lands the lessor and lessee intended to be covered by the lease. This form addresses that situation.
Guam Amendment to Oil and Gas Lease to Correct Land Description The Guam Amendment to Oil and Gas Lease to Correct Land Description is a legal document that is used to rectify any errors or inaccuracies in the land description section of an existing oil and gas lease agreement in the territory of Guam. This amendment ensures that the land description in the lease agreement accurately reflects the specific piece of land intended for use in oil and gas exploration and extraction activities. Keywords: Guam, Amendment, Oil and Gas Lease, Correct, Land Description, legal document, errors, inaccuracies, lease agreement, territory, exploration, extraction, activities. Different types of Guam Amendment to Oil and Gas Lease to Correct Land Description may include: 1. Technical Correction Amendment: This type of amendment is used when there are minor errors or omissions in the land description section of the lease agreement. It typically entails correcting typographical errors, wrong measurements, or incorrect legal descriptions. 2. Boundary Revision Amendment: This type of amendment is needed when the boundaries of the leased land need to be revised or altered. This can occur due to factors such as a change in the allocation of public lands or the discovery of additional parcels eligible for oil and gas development. 3. Title Amendment: A title amendment is required when the ownership of the land described in the original lease agreement has changed. This could include cases where the land has been purchased by a new owner or transferred to a different entity or government agency. 4. Expansion Amendment: An expansion amendment is utilized when the oil and gas leaseholders wish to extend the boundaries of their existing lease to include additional land areas adjacent to the original leased property. This amendment is often sought after when further exploration opportunities are discovered near the original leasehold. 5. Division Amendment: A division amendment is utilized when the leaseholders wish to divide their existing lease into separate sections or portions, often to facilitate individual development or transfer of rights to different parties. By utilizing the Guam Amendment to Oil and Gas Lease to Correct Land Description, lessees can ensure that their lease agreements accurately reflect the intended land locations for oil and gas exploration and extraction activities. Properly documenting any necessary corrections or revisions helps avoid any potential disputes in the future and maintains legal compliance within the territory of Guam.Guam Amendment to Oil and Gas Lease to Correct Land Description The Guam Amendment to Oil and Gas Lease to Correct Land Description is a legal document that is used to rectify any errors or inaccuracies in the land description section of an existing oil and gas lease agreement in the territory of Guam. This amendment ensures that the land description in the lease agreement accurately reflects the specific piece of land intended for use in oil and gas exploration and extraction activities. Keywords: Guam, Amendment, Oil and Gas Lease, Correct, Land Description, legal document, errors, inaccuracies, lease agreement, territory, exploration, extraction, activities. Different types of Guam Amendment to Oil and Gas Lease to Correct Land Description may include: 1. Technical Correction Amendment: This type of amendment is used when there are minor errors or omissions in the land description section of the lease agreement. It typically entails correcting typographical errors, wrong measurements, or incorrect legal descriptions. 2. Boundary Revision Amendment: This type of amendment is needed when the boundaries of the leased land need to be revised or altered. This can occur due to factors such as a change in the allocation of public lands or the discovery of additional parcels eligible for oil and gas development. 3. Title Amendment: A title amendment is required when the ownership of the land described in the original lease agreement has changed. This could include cases where the land has been purchased by a new owner or transferred to a different entity or government agency. 4. Expansion Amendment: An expansion amendment is utilized when the oil and gas leaseholders wish to extend the boundaries of their existing lease to include additional land areas adjacent to the original leased property. This amendment is often sought after when further exploration opportunities are discovered near the original leasehold. 5. Division Amendment: A division amendment is utilized when the leaseholders wish to divide their existing lease into separate sections or portions, often to facilitate individual development or transfer of rights to different parties. By utilizing the Guam Amendment to Oil and Gas Lease to Correct Land Description, lessees can ensure that their lease agreements accurately reflect the intended land locations for oil and gas exploration and extraction activities. Properly documenting any necessary corrections or revisions helps avoid any potential disputes in the future and maintains legal compliance within the territory of Guam.
