This form of release is used when Lessor releases, relinquishes, and quit claims to the present owners of the Lease all of a Production Payment interest. From and after the Effective Date, the Production Payment interest in the Lease is deemed to have terminated and is no longer a burden on the leasehold estate created by the Lease.
North Carolina Release of Production Payment by Lessor
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US-OG-400
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How to fill out Release Of Production Payment By Lessor?
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FAQ
GS 42-3, sometimes referred as the statutory forfeiture provision, allows landlords to regain possession of rental property upon tenant's failure to pay rent even though the rental agreement is silent on the consequences of default.
Under North Carolina law, the landlord may apply the tenant's security deposit for the following expenses: Unpaid rent; damages caused by the tenant; damages that are not the result of reasonable normal use; the cost of removal and storage of the tenant's property; and court costs if the landlord sues to evict a tenant ...
In North Carolina the eviction process is called SUMMARY EJECTMENT. The first step is to notify the tenant that he or she must move out by a specific date. This is known as the "notice to vacate". The notice may be oral or written.
The North Carolina Office of Administrative Hearings and the Fair Housing Act prohibit landlords from discriminating against potential tenants because of their race, religion, familial status, sex, gender, etc.
Upon the tenant's request prior to the day of sale, the landlord shall release possession of the property to the tenant during regular business hours or at a time agreed upon. The landlord may apply the proceeds of the sale to the unpaid rents, damages, storage fees, and sale costs.
Unconditional quit notice: You will receive this notice because you violated the lease or rental agreement. This notice will state that you must move out of the rental unit immediately or the landlord will file an eviction lawsuit against you (see N.C. Gen. Stat. § 42-26).
In North Carolina, an eviction case is called ?summary ejectment.? Landlords can file to legally remove a tenant rented property if the tenant has failed to pay rent, violated the lease agreement, or if other conditions apply.
If, in any action brought to recover the possession of demised premises upon a forfeiture for the nonpayment of rent, the tenant, before judgment given in such action, pays or tenders the rent due and the costs of the action, all further proceedings in such action shall cease.
