This form is used as a notice that any and all oil and gas leases taken on the Lands, or an interest in them, on or after the specified date, are not subject to or governed by any Agreements dated prior to that date which may be referred to in documents filed of record in the county where the Lands are located.
Iowa Notice That Agreement Is No Longer in Effect
State:
Multi-State
Control #:
US-OG-725
Format:
Word;
Rich Text
Instant download
Description
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FAQ
558.31 Proof of execution and delivery in lieu of acknowledgment.
In a ?subject to? sale, the buyer doesn't work with the lender at all; they take over the seller's existing mortgage. The seller's name remains on the loan. So, the seller is ultimately responsible for the mortgage, even though they don't own the property.
Remember, the Iowa statute requires you to disclose "material" problems concerning your home. Material is understood to mean a problem that would significantly and adversely affecting the property's value, significantly reduce its structural integrity, or present a significant health risk to its occupants.
Failure to record a conveyance or lease of agricultural land required to be recorded by this section by the grantee or lessee within the specified time limit is punishable by a fine not to exceed one hundred dollars per day for each day of violation.
558.44 Mandatory recordation of conveyances and leases of agricultural land.
To exercise the Option to Purchase, the Buyer/ Tenant must deliver to the Seller/Landlord written notice of Buyer/Tenant's intent to purchase. In addition, the written notice must specify a valid closing date.
279.24 Contract with administrators ? automatic continuation or termination. 1. An administrator's contract shall remain in force and effect for the period stated in the contract.
558.70 Contract disclosure statement required for certain residential real estate installment sales.
