Illinois Affidavit As to Receipt of Rental / Shut-In Payment by Lessor

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• Control #: US-OG-189
• Format: Word; Rich Text

Description

An affidavit is statement of facts which is sworn to (or affirmed) before an officer who has authority to administer an oath (e.g. a notary public). This Affidavit is for the purpose of recognizing receipt of a rental or royalty payment and deem the Lease to be in force and effect as a result of that payment. The Illinois Affidavit As to Receipt of Rental / Shut-In Payment by Lessor is a legal document used in the state of Illinois to acknowledge the receipt of rental or shut-in payments by a lessor. It serves as a declaration affirming that the lessor has received the stated payments from the lessee or operator of the leased property. This affidavit is an essential tool for documenting the financial transactions between parties involved in a leasing agreement in Illinois. Keywords: Illinois, Affidavit, Receipt, Rental, Shut-in Payment, Lessor, Lessee, Operator, Leased Property. There are different types of Illinois Affidavit As to Receipt of Rental / Shut-In Payment by Lessor, depending on the specific purpose or scenario. These may include: 1. General Rental Payment Receipt Affidavit: This is used when the lessor acknowledges the receipt of the regular rental payment from the lessee. It confirms the completion of the rental payment for a specified period, typically on a monthly basis. 2. Shut-In Payment Receipt Affidavit: This type of affidavit is used to verify the receipt of the shut-in payment from the lessee or operator. A shut-in payment is made when the lessee or operator is unable to produce or deliver the contracted quantity of resources (such as gas, oil, or minerals) from the leased property due to unforeseen circumstances or technical issues. 3. Advance Rental Payment Receipt Affidavit: In some cases, the lessor may receive an advance rental payment from the lessee. This affidavit states the acceptance and receipt of the advanced rental amount. It outlines the terms and conditions regarding the application of the advanced payment towards future rent or lease obligations. 4. Variable Rental Payment Receipt Affidavit: This type of affidavit is used when the rental payment is not fixed or varies based on certain factors, such as the quantity of resources extracted or market conditions. It acknowledges the receipt of the variable rental payment as per the agreed-upon terms and conditions. It is crucial to ensure that the Illinois Affidavit As to Receipt of Rental / Shut-In Payment by Lessor is accurately completed, signed, and notarized by the lessor. This document serves as legal evidence in case of disputes or conflicts over the payment's receipt and can provide protection to both parties involved in the leasing agreement.

The Illinois Affidavit As to Receipt of Rental / Shut-In Payment by Lessor is a legal document used in the state of Illinois to acknowledge the receipt of rental or shut-in payments by a lessor. It serves as a declaration affirming that the lessor has received the stated payments from the lessee or operator of the leased property. This affidavit is an essential tool for documenting the financial transactions between parties involved in a leasing agreement in Illinois. Keywords: Illinois, Affidavit, Receipt, Rental, Shut-in Payment, Lessor, Lessee, Operator, Leased Property. There are different types of Illinois Affidavit As to Receipt of Rental / Shut-In Payment by Lessor, depending on the specific purpose or scenario. These may include: 1. General Rental Payment Receipt Affidavit: This is used when the lessor acknowledges the receipt of the regular rental payment from the lessee. It confirms the completion of the rental payment for a specified period, typically on a monthly basis. 2. Shut-In Payment Receipt Affidavit: This type of affidavit is used to verify the receipt of the shut-in payment from the lessee or operator. A shut-in payment is made when the lessee or operator is unable to produce or deliver the contracted quantity of resources (such as gas, oil, or minerals) from the leased property due to unforeseen circumstances or technical issues. 3. Advance Rental Payment Receipt Affidavit: In some cases, the lessor may receive an advance rental payment from the lessee. This affidavit states the acceptance and receipt of the advanced rental amount. It outlines the terms and conditions regarding the application of the advanced payment towards future rent or lease obligations. 4. Variable Rental Payment Receipt Affidavit: This type of affidavit is used when the rental payment is not fixed or varies based on certain factors, such as the quantity of resources extracted or market conditions. It acknowledges the receipt of the variable rental payment as per the agreed-upon terms and conditions. It is crucial to ensure that the Illinois Affidavit As to Receipt of Rental / Shut-In Payment by Lessor is accurately completed, signed, and notarized by the lessor. This document serves as legal evidence in case of disputes or conflicts over the payment's receipt and can provide protection to both parties involved in the leasing agreement.