Maryland Reservation of A Call on, Or Preferential Right to Purchase Production by Lessor

State:
Multi-State
Control #:
US-OG-820
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.

How to fill out Reservation Of A Call On, Or Preferential Right To Purchase Production By Lessor?

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FAQ

Surrender Clause A clause commonly found in an oil and gas lease authorizing a lessee to release its rights to all or any portion of the leased premises at any time and be relieved of further obligations relating to the acreage surrendered.

(c) (1) The entire amount of recordation tax and local transfer tax shall be paid by the seller of improved, residential real property that is sold to a first-time Maryland home buyer who will occupy the property as a principal residence, unless there is an express agreement between the parties to the agreement that ...

(a) No mortgage or deed of trust is valid except as between the parties to it, unless there is contained in, endorsed on, or attached to it an oath or affirmation of the mortgagee or the party secured by a deed of trust that the consideration recited in the mortgage or deed of trust is true and bona fide as set forth.

In any clerk's office where the deeds or other instruments are photostated or microfilmed, no instrument on which a rider has been placed or attached in a manner obscuring, hiding, or covering any other part of the instrument may be offered or received for record.

(c) A person may not store or leave a loaded firearm in a location where the person knew or should have known that an unsupervised child would gain access to the firearm. (d) A person who violates this section is guilty of a misdemeanor and on conviction is subject to a fine not exceeding $1,000.

In any clerk's office where the deeds or other instruments are photostated or microfilmed, no instrument on which a rider has been placed or attached in a manner obscuring, hiding, or covering any other part of the instrument may be offered or received for record.

§3?101. (a) In this title the following words have the meanings indicated. (b) ?Administratively charged? means that a police officer has been formally accused of misconduct in an administrative proceeding.

Section 3-104.1 - Licensing information on instruments securing mortgage loans on residential property (a) In this section, "residential property" means real property improved by four or fewer single family dwelling units that are designed principally and are intended for human habitation.

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Maryland Reservation of A Call on, Or Preferential Right to Purchase Production by Lessor