Indiana Affidavit of Nondevelopment and Nonproduction with No Recent Production, No Recent Operations

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• Control #: US-OG-010
• Format: Word; Rich Text

Description

This is an affidavit that provides facts of the lack of production and drilling that may be required to maintain an oil and gas lease in effect. Title: Understanding Indiana Affidavit of Nondevelopment and Nonproduction with No Recent Production, No Recent Operations Introduction: In Indiana, an Affidavit of Nondevelopment and Nonproduction serves as a legal document to confirm that certain property or land has not witnessed any recent production or operations. This affidavit is commonly used for various purposes, including property tax exemptions, lease agreements, sales transactions, or compliance with local zoning regulations. This article provides a comprehensive overview of the Indiana Affidavit of Nondevelopment and Nonproduction, its purpose, key elements, and relevant keywords associated with this document. Overview: The Indiana Affidavit of Nondevelopment and Nonproduction is typically used to attest to the lack of activity, such as the absence of recent productive use, absence of operations related to oil, gas, or mineral extraction, or lack of any notable development on the designated property. This affidavit plays a vital role in ensuring accurate records and disclosures related to underutilized or dormant properties. Key Elements: When filling out an Indiana Affidavit of Nondevelopment and Nonproduction with No Recent Production, No Recent Operations, certain key elements need to be included for accuracy and legal compliance. These elements may vary depending on the specific requirements of the situation, but the following are often included: 1. Property Details: The affidavit should contain specific details about the property, including its legal description, location, boundaries, and parcel number, to accurately identify the subject property. 2. Ownership Information: The affidavit must state the name(s) of the property owner(s), providing their contact details, mailing address, and other relevant information. 3. Production and Operation History: This section must outline the absence of recent production, operations, or development on the property. It may include a declaration of no oil, gas, or mineral extraction activities, absence of agricultural or industrial operations, or any other relevant information specific to the property's anticipated usage. 4. Affine's Statement: The person signing the affidavit, known as the affine, should explicitly declare that the information provided is accurate, to the best of their knowledge, and under penalty of perjury. The affine's signature, printed name, and the date of signing should be included. Types of Indiana Affidavit of Nondevelopment and Nonproduction: While there may not be different types of Indiana Affidavit of Nondevelopment and Nonproduction, the specific purpose or use of the document may vary. Here are a few scenarios where this affidavit is commonly employed: 1. Property Tax Exemption: When applying for certain property tax exemptions, such as agricultural or vacant land exemptions, an affidavit may be required to substantiate the lack of productive activities or recent developments on the property. 2. Zoning Compliance: Local authorities may request this affidavit when assessing the compliance of a vacant lot or underutilized property with zoning regulations, confirming no unauthorized operations or developments have occurred. 3. Real Estate Transactions: The affidavit can be involved in real estate transactions, ensuring potential buyers or lessees are aware of the property's history of nondevelopment and nonproduction. Conclusion: The Indiana Affidavit of Nondevelopment and Nonproduction serves as a declaration for properties lacking recent production, operations, or development. This article provided a detailed description of the purpose of this affidavit, its key elements, and a brief overview of its different applications. By understanding the significance and components of this affidavit, individuals can ensure compliance and accurate representation of the property's status.

Title: Understanding Indiana Affidavit of Nondevelopment and Nonproduction with No Recent Production, No Recent Operations Introduction: In Indiana, an Affidavit of Nondevelopment and Nonproduction serves as a legal document to confirm that certain property or land has not witnessed any recent production or operations. This affidavit is commonly used for various purposes, including property tax exemptions, lease agreements, sales transactions, or compliance with local zoning regulations. This article provides a comprehensive overview of the Indiana Affidavit of Nondevelopment and Nonproduction, its purpose, key elements, and relevant keywords associated with this document. Overview: The Indiana Affidavit of Nondevelopment and Nonproduction is typically used to attest to the lack of activity, such as the absence of recent productive use, absence of operations related to oil, gas, or mineral extraction, or lack of any notable development on the designated property. This affidavit plays a vital role in ensuring accurate records and disclosures related to underutilized or dormant properties. Key Elements: When filling out an Indiana Affidavit of Nondevelopment and Nonproduction with No Recent Production, No Recent Operations, certain key elements need to be included for accuracy and legal compliance. These elements may vary depending on the specific requirements of the situation, but the following are often included: 1. Property Details: The affidavit should contain specific details about the property, including its legal description, location, boundaries, and parcel number, to accurately identify the subject property. 2. Ownership Information: The affidavit must state the name(s) of the property owner(s), providing their contact details, mailing address, and other relevant information. 3. Production and Operation History: This section must outline the absence of recent production, operations, or development on the property. It may include a declaration of no oil, gas, or mineral extraction activities, absence of agricultural or industrial operations, or any other relevant information specific to the property's anticipated usage. 4. Affine's Statement: The person signing the affidavit, known as the affine, should explicitly declare that the information provided is accurate, to the best of their knowledge, and under penalty of perjury. The affine's signature, printed name, and the date of signing should be included. Types of Indiana Affidavit of Nondevelopment and Nonproduction: While there may not be different types of Indiana Affidavit of Nondevelopment and Nonproduction, the specific purpose or use of the document may vary. Here are a few scenarios where this affidavit is commonly employed: 1. Property Tax Exemption: When applying for certain property tax exemptions, such as agricultural or vacant land exemptions, an affidavit may be required to substantiate the lack of productive activities or recent developments on the property. 2. Zoning Compliance: Local authorities may request this affidavit when assessing the compliance of a vacant lot or underutilized property with zoning regulations, confirming no unauthorized operations or developments have occurred. 3. Real Estate Transactions: The affidavit can be involved in real estate transactions, ensuring potential buyers or lessees are aware of the property's history of nondevelopment and nonproduction. Conclusion: The Indiana Affidavit of Nondevelopment and Nonproduction serves as a declaration for properties lacking recent production, operations, or development. This article provided a detailed description of the purpose of this affidavit, its key elements, and a brief overview of its different applications. By understanding the significance and components of this affidavit, individuals can ensure compliance and accurate representation of the property's status.