A Nebraska Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure is a legal agreement between a lessor (surface owner) and a lessee (drilling company) in Nebraska. This provision prohibits the lessee from drilling for oil, gas, or minerals within a certain distance of structures owned by the lessor. This provision is often included in lease agreements to protect the surface owner's property and structures from potential damages that could result from drilling activities. It ensures that the lessor's rights and interests are safeguarded while allowing the lessee to harvest resources from the leased land. There are different types of Nebraska Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure, namely: 1. Standard Distance Provision: This type of provision states a specific distance from the structures that the lessee must maintain before commencing drilling activities. It ensures that a safe buffer zone is established to mitigate potential risks and damages. 2. Adequate Compensation Provision: In some cases, the lessor may agree to waive the prohibition if the lessee provides adequate compensation for potential damages or disturbances caused by drilling activities within the specified distance of the structures. This provision outlines the terms and conditions for such compensation. 3. Eviction or Termination Provision: This more severe provision allows the lessor to terminate or evict the lessee if they violate the waiver of lease provision by drilling within the specified distance of the structures. It acts as a deterrent to ensure compliance and protect the lessor's interests. 4. Partial Waiver Provision: This type of provision grants partial waivers, allowing drilling within a reduced distance from certain structures. It may be negotiated based on the specific needs and considerations of both parties. This provision allows for flexibility while still safeguarding the lessor's property. It is important for both the lessor and lessee to thoroughly understand the terms of the Nebraska Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure and to seek legal advice to ensure that their respective rights and interests are protected.
Nebraska Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure
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How to fill out Nebraska Waiver Of Lease Provision By Lessor Who Owns Surface, Prohibiting Drilling Within Specified Distance Of Structure?
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