New Jersey Term Royalty Deed that Terminates Upon Expiration of Lease

State:
Multi-State
Control #:
US-OG-046
Format:
Word; 
Rich Text
Instant download

Description

This form provides for a conveyance of royalty for a limited period of time. The interest conveyed terminates and reverts to the Grantor when the identified oil and gas lease terminates.

How to fill out Term Royalty Deed That Terminates Upon Expiration Of Lease?

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FAQ

Under this cause of not renewing the lease, a three month notice to quit must be given if an at will tenancy or year-to year tenancy exists. A one-month notice to quit is required for a month-to-month tenancy. lockouts made by the landlord are illegal in New Jersey.

If the tenant or landlord does not renew the lease and the lease was for a term of more than one month and the tenant holds over (stays after the expiration of the lease), the tenancy will become a month-to-month tenancy, if the landlord continues to accept the rent and there is no other agreement between the landlord ...

As long as the tenant does not violate any rules, they can stay until their rental period ends. But if they stay in the property even a day after their lease/rental agreement ends and have not arranged for renewal, landlords can issue a written notice to the tenant to move.

This question is about New Jersey Residential Lease Agreement. Yes, a lease can automatically renew in New Jersey. Most rental agreements will automatically renew when the initial tenancy period is over.

WHAT IS A HOLD-OVER TENANT? Under New Jersey Law, year-to-year tenants tend to become month-to-month tenants once their lease expires. They continue on, much as they did before, the only exception being that the tenant can breach the lease and move-out with reasonable to notice to the landlord.

A landlord can't force you to move out before the lease ends, unless you fail to pay the rent or violate another significant term, such as repeatedly throwing large and noisy parties. In these cases, landlords in New Jersey must follow specific procedures to end the tenancy.

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New Jersey Term Royalty Deed that Terminates Upon Expiration of Lease