Nebraska Underground Storage Lease and Agreement (Surface Only)

• Category: Oil Gas and Minerals - Leases
• State: Multi-State
• Control #: US-OG-1182
• Format: Word; Rich Text

Description

This form is an underground storage lease and agreement for surface only. Nebraska Underground Storage Lease and Agreement (Surface Only) is a legally binding contract designed to govern the terms and conditions of leasing underground storage facilities in Nebraska. This agreement is specifically formulated for situations where the lessee requires the storage of goods, materials, or equipment beneath the surface of a property without any rights to the surface itself. The purpose of the Nebraska Underground Storage Lease and Agreement (Surface Only) is to outline the responsibilities and rights of both the lessor (property owner) and lessee (person or entity leasing the underground storage space). This agreement ensures that both parties understand their obligations and can peacefully coexist during the lease period. Some relevant keywords associated with the Nebraska Underground Storage Lease and Agreement (Surface Only) include: 1. Underground Storage Facility: Refers to the designated area beneath the surface of the property that is authorized for storage purposes. This may include natural caves, man-made tunnels, or specially constructed storage areas. 2. Surface Rights: Indicates the exclusive control and ownership of the surface of the property, which remains with the lessor even though the lessee has rights to the underground storage space. 3. Lease Term: Specifies the duration of the lease agreement, outlining the agreed-upon start and end dates. It may also include provisions for renewal or extension. 4. Rent and Payment Terms: Outlines the rental amount the lessee is obligated to pay to the lessor for the use of the underground storage space. This may include details related to periodic payments, due dates, acceptable payment methods, and any applicable late fees. 5. Access and Security: Specifies the procedure for gaining access to the underground storage facility, including any security measures like locks, keys, or security codes required to enhance the safety of the stored items. 6. Maintenance and Repairs: Defines the responsibilities of both parties regarding maintenance and repairs of the underground storage facility. This section may address issues such as regular inspections, necessary repairs, and allocation of associated costs. 7. Indemnification and Liability: Clarifies the obligations of both parties regarding liability for any damages, losses, or injuries occurring within the storage area. This provision typically includes indemnification clauses protecting each party from the negligence or misconduct of the other. It's important to note that variations of the Nebraska Underground Storage Lease and Agreement (Surface Only) may exist based on specific circumstances or property types. For example, there may be separate agreements for storing hazardous materials, agricultural products, or industrial equipment. Each type of agreement may incorporate specific provisions relevant to the nature of the materials being stored.

Nebraska Underground Storage Lease and Agreement (Surface Only) is a legally binding contract designed to govern the terms and conditions of leasing underground storage facilities in Nebraska. This agreement is specifically formulated for situations where the lessee requires the storage of goods, materials, or equipment beneath the surface of a property without any rights to the surface itself. The purpose of the Nebraska Underground Storage Lease and Agreement (Surface Only) is to outline the responsibilities and rights of both the lessor (property owner) and lessee (person or entity leasing the underground storage space). This agreement ensures that both parties understand their obligations and can peacefully coexist during the lease period. Some relevant keywords associated with the Nebraska Underground Storage Lease and Agreement (Surface Only) include: 1. Underground Storage Facility: Refers to the designated area beneath the surface of the property that is authorized for storage purposes. This may include natural caves, man-made tunnels, or specially constructed storage areas. 2. Surface Rights: Indicates the exclusive control and ownership of the surface of the property, which remains with the lessor even though the lessee has rights to the underground storage space. 3. Lease Term: Specifies the duration of the lease agreement, outlining the agreed-upon start and end dates. It may also include provisions for renewal or extension. 4. Rent and Payment Terms: Outlines the rental amount the lessee is obligated to pay to the lessor for the use of the underground storage space. This may include details related to periodic payments, due dates, acceptable payment methods, and any applicable late fees. 5. Access and Security: Specifies the procedure for gaining access to the underground storage facility, including any security measures like locks, keys, or security codes required to enhance the safety of the stored items. 6. Maintenance and Repairs: Defines the responsibilities of both parties regarding maintenance and repairs of the underground storage facility. This section may address issues such as regular inspections, necessary repairs, and allocation of associated costs. 7. Indemnification and Liability: Clarifies the obligations of both parties regarding liability for any damages, losses, or injuries occurring within the storage area. This provision typically includes indemnification clauses protecting each party from the negligence or misconduct of the other. It's important to note that variations of the Nebraska Underground Storage Lease and Agreement (Surface Only) may exist based on specific circumstances or property types. For example, there may be separate agreements for storing hazardous materials, agricultural products, or industrial equipment. Each type of agreement may incorporate specific provisions relevant to the nature of the materials being stored.