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.
Massachusetts Continuous Development, Retained Acreage, and Depth Limitations
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US-OG-785
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How to fill out Continuous Development, Retained Acreage, And Depth Limitations?
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FAQ
These setback areas are established for the purpose of aiding in the implementation of Title 5 (310 CMR 15.00) regulations for the siting, construction, inspection, upgrade and expansion of on-site sewage treatment and disposal systems, and for the transport and disposal of sewage.
A Title 5 Inspection is designed to ensure that your septic system is running efficiently, that it has been properly pumped and maintained and that there are no issues with regard to the construction or use of it. A Title 5 Inspection is required for residential septic systems each and every time you sell your home.
Do I need to have it inspected before I sell? If you are selling your home, you cannot close without a passing Title V inspection of your septic system, completed by an inspector who is licensed by the state and your town.
There are some limited exceptions for which a Title 5 Inspection is not required such as, taking a mortgage on a property, refinancing, a change in the form of ownership among the same owners, such as placing the property in a family trust, adding or deleting a spouse or transfer of a property between spouses.
The purpose of Title 5, 310 CMR 15.000, of the State Environmental Code is to provide for the protection of public health, safety, welfare and the environment by requiring the proper siting, construction, upgrade, and maintenance of on-site sewage disposal systems and appropriate means for the transport and disposal of ...
Retained Acreage ? A clause that provides that a lease will continue after the expiration of the primary term as to a certain number of acres associated with each of the wells drilled under the lease.