Maine Conveyance of Right to Make Free Use of Gas Provided For in An Oil and Gas Lease

State:
Multi-State
Control #:
US-OG-100
Format:
Word; 
Rich Text
Instant download

Description

If a lessor has retained the right to use gas, this form provides for the transfer of this right to the surface owner of the lands covered by the oil and gas lease granted by the lessor.

How to fill out Conveyance Of Right To Make Free Use Of Gas Provided For In An Oil And Gas Lease?

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FAQ

In real estate contracts, the habendum clause refers to the transfer of ownership of a property and any accompanying restrictions. Because the clause begins with the phrase, "To have and to hold," the habendum clause is sometimes called the "to have and to hold clause."

ofway easement grants the holder only the rights as stated in the express easement or granted by court order. Typically the right is simply to cross over the land of another. The easement holder does not have the right to change the nature or location of the rightofway.

The fee for recording a document is $22 for the first page -this includes a $3 surcharge (Maine Government & municipalities are exempt from surcharge, so the first page is $19) and $2 for each additional page.

1. n. [Geology, Shale Gas] The gaseous phase present in a reservoir or other contained area.

In California, an unrecorded interest is valid between the parties thereto and those who have notice thereof. (Civ. Code § 1217.) Just because a deed is unrecorded doesn't mean it isn't valid.

Although generally a deed does not have to be recorded to be a valid conveyance, there are practical reasons for recording a deed. Deeds usually do not take effect as to creditors and subsequent purchasers without notice until the instrument is recorded.

Not recording a deed can cause problems for the grantee. They may be unable to obtain a mortgage, insure the property, or sell it. Even more problematic, an unrecorded deed may make it possible for the grantor to sell the property to a buyer and subsequently sell the same property to a different buyer.

Deeds must have the name of the grantor and grantee as well as consideration paid for the property. In addition, a legal description of the property is required. A notary or an officer of the court, such as an attorney or court clerk, must sign an acknowledgment before the deed may be filed with the registry of deeds.

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Maine Conveyance of Right to Make Free Use of Gas Provided For in An Oil and Gas Lease