The New Jersey Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) is a legal document that outlines the terms and conditions for leasing and storing underground substances or materials. This agreement is specifically designed for surface owners in New Jersey who wish to grant the rights to store substances below the surface of their lands without allowing any surface-related activities. 1. Key Features: — Leasing of Subsurface Rights: The agreement grants the lessee the exclusive right to use the subsurface area of the designated lands for storage purposes. — No Surface Use: The surface owner retains no rights to use the surface, ensuring that all activities and operations take place solely below ground. — Duration: The lease will have a specified term, outlining the start and end date of the agreement. — Substances or Materials: The agreement identifies the type of substances or materials allowed for storage, which may include petroleum products, natural gas, hazardous materials, or other specified materials. — Access and Maintenance: The agreement defines the lessee's obligations regarding access, repair, maintenance, and inspection of the subsurface structures or storage facilities. — Compensation: The agreement outlines the payment terms, including the lease amount, royalties, or other financial arrangements between the parties. 2. Types of New Jersey Subsurface Underground Storage Lease and Agreement: — Petroleum Storage Lease: Specifically tailored for individuals or companies involved in the storage of petroleum products below the surface. — Natural Gas Storage Agreement: Designed for those involved in storing natural gas reserves underground. — Hazardous Material Storage Lease: For surface owners who wish to lease their subsurface rights to entities willing to store hazardous materials beneath the lands. — General Underground Storage Lease: A broad agreement covering the storage of various substances, excluding any specific category mentioned above. — Pipeline Storage Agreement: A specialized agreement allowing the lessee to store substances within underground pipelines passing through the surface owner's lands. In summary, the New Jersey Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) is a legal document that allows surface owners in New Jersey to lease their subsurface rights for underground storage purposes. The specific types of agreements include petroleum storage lease, natural gas storage agreement, hazardous material storage lease, general underground storage lease, and pipeline storage agreement.
New Jersey Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right ot Use the Surface of the Lands being Granted)
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