Massachusetts Reservation of Additional Interests in Production

State:
Multi-State
Control #:
US-OG-819
Format:
Word; 
Rich Text
Instant download

Description

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.

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FAQ

Under Massachusetts General Laws Chapter 183A, section 6(d), condominium trustees must sign a certificate that verifies the outstanding condominium fees that are assessed against the unit, if there are any. This is called a "6(d)" certificate. It can take several weeks to get this document signed.

Section 10. (a) Each unit owner shall have the same percentage interest in the corporation, trust or unincorporated association provided for in the master deed for the management and regulation of the condominium as his proportionate interest in the common areas and facilities.

The rules found in the Massachusetts Condominium Act include mandatory provisions that must be included in the bylaws, interests in common areas of the condominium, and expenses incurred by the unit owners' association. The provisions also explain the fundamental attributes of a condominium.

Laws ch. 183A, §§ 1?23) (the Condominium Act or, simply, the Act), which governs the establishment and operation of condominiums in Massachusetts.

1. What Are My Rights as a Condo Owner? As a condo owner, you have the right to use your unit as provided in the master deed ? if it's a residential condominium unit ? in a way that allows you to maintain a reasonable standard of living as required by Massachusetts health, safety and building laws.

C. 183A § 6(c), outstanding condominium fees are a lien against the delinquent unit from the date the fees become due. The delinquent unit owner is personally liable for all condominium fees, including late charges, fines, interest and collection costs.

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Massachusetts Reservation of Additional Interests in Production