This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
Kentucky Limitation on Substances Covered by Lease is a legal clause that restricts the use and storage of certain substances within leased properties in the state of Kentucky for the purpose of maintaining safety and environmental standards. Landlords and property owners include this clause in lease agreements to protect their properties and comply with state regulations. Under the Kentucky Limitation on Substances Covered by Lease, the following substances are typically prohibited or heavily regulated: 1. Hazardous Materials: The clause may restrict the storage or use of hazardous materials, including flammable, corrosive, toxic, explosive, or radioactive substances. This helps prevent accidents, fires, and contamination. 2. Illegal Drugs and Controlled Substances: The lease limitation also addresses illegal drug activities, prohibiting the manufacturing, distribution, or use of controlled substances on the leased premises. This aims to maintain a safe and drug-free environment. 3. Asbestos: Asbestos-related clauses may be included in the lease to address the issue of asbestos-containing materials. These clauses typically place restrictions on handling, removal, or modification of any asbestos materials existing on the property. 4. Lead-Based Paint: For properties built before 1978, there may be specific provisions regarding lead-based paint. The clause may require proper disclosure, notification, and compliance with lead-based paint regulations to ensure the safety of tenants and premises. 5. Chemical Storage: The limitation may restrict the storage of certain chemicals, including those used in laboratories, manufacturing, or other commercial activities. This ensures that proper safety measures are followed and prevents potential hazards. 6. Biohazardous Materials: In cases where properties are used for medical or research purposes, the clause may address the proper handling, storage, and disposal of biohazardous materials. Compliance with state requirements and regulations for handling medical waste or infectious materials is often necessary. It is essential for both landlords and tenants to clearly understand and comply with the Kentucky Limitation on Substances Covered by Lease to avoid legal consequences, property damage, and potential harm. It is recommended to seek legal advice and thorough understanding of the specific clause and its implications before entering into a lease agreement in Kentucky.
