Mississippi Affidavit As to Receipt of Rental / Shut-In Payment by Lessor

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• Control #: US-OG-189
• Format: Word; Rich Text

Description

An affidavit is statement of facts which is sworn to (or affirmed) before an officer who has authority to administer an oath (e.g. a notary public). This Affidavit is for the purpose of recognizing receipt of a rental or royalty payment and deem the Lease to be in force and effect as a result of that payment. The Mississippi Affidavit As to Receipt of Rental / Shut-In Payment by Lessor is a legal document used in the state of Mississippi to provide proof of receipt of rental or shut-in payment by a lessor. This affidavit serves as a declaration from the lessor that they have received the agreed-upon payment from the lessee. Keywords: Mississippi Affidavit, Receipt of Rental, Shut-In Payment, Lessor, Lessee. The Mississippi Affidavit As to Receipt of Rental / Shut-In Payment by Lessor can be categorized into different types based on the specific purpose they serve. 1. Rental Payment Affidavit: This type of affidavit is used when a lessor receives rental payments from a lessee. It records the details of the payment, including the amount, date received, and the specific terms agreed upon in the lease agreement. 2. Shut-In Payment Affidavit: This type of affidavit is used when a lessor receives shut-in payments from a lessee. Shut-in payments refer to compensation provided to the lessor when the lessee temporarily suspends oil or gas production due to unforeseen circumstances such as equipment failure or market conditions. The affidavit captures the details of the shut-in payment, such as the reason for the shut-in, the duration, and the amount received. 3. Commingled Payment Affidavit: In some cases, a lessor may receive both rental and shut-in payments from a lessee. In such situations, a commingled payment affidavit is used to record the receipt of both types of payments. It ensures that there is a clear record of the different payment sources and ensures transparency between the lessor and lessee. Regardless of the specific type of Mississippi Affidavit As to Receipt of Rental / Shut-In Payment by Lessor, it serves as a legally binding document that provides evidence of payment and protects the rights and interests of both the lessor and lessee.

The Mississippi Affidavit As to Receipt of Rental / Shut-In Payment by Lessor is a legal document used in the state of Mississippi to provide proof of receipt of rental or shut-in payment by a lessor. This affidavit serves as a declaration from the lessor that they have received the agreed-upon payment from the lessee. Keywords: Mississippi Affidavit, Receipt of Rental, Shut-In Payment, Lessor, Lessee. The Mississippi Affidavit As to Receipt of Rental / Shut-In Payment by Lessor can be categorized into different types based on the specific purpose they serve. 1. Rental Payment Affidavit: This type of affidavit is used when a lessor receives rental payments from a lessee. It records the details of the payment, including the amount, date received, and the specific terms agreed upon in the lease agreement. 2. Shut-In Payment Affidavit: This type of affidavit is used when a lessor receives shut-in payments from a lessee. Shut-in payments refer to compensation provided to the lessor when the lessee temporarily suspends oil or gas production due to unforeseen circumstances such as equipment failure or market conditions. The affidavit captures the details of the shut-in payment, such as the reason for the shut-in, the duration, and the amount received. 3. Commingled Payment Affidavit: In some cases, a lessor may receive both rental and shut-in payments from a lessee. In such situations, a commingled payment affidavit is used to record the receipt of both types of payments. It ensures that there is a clear record of the different payment sources and ensures transparency between the lessor and lessee. Regardless of the specific type of Mississippi Affidavit As to Receipt of Rental / Shut-In Payment by Lessor, it serves as a legally binding document that provides evidence of payment and protects the rights and interests of both the lessor and lessee.