New York Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure

• Category: Oil Gas and Minerals - Waivers
• State: Multi-State
• Control #: US-OG-155
• Format: Word; Rich Text

Description

This form serves to amend an oil and gas lease to allow a lessee to drill at any location on lands subject to a lease, including a location in close proximity to a building or structure on the lands subject to a lease. A New York Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure is a legally binding clause included in lease agreements in New York State. This provision serves to protect the lessor's property rights and the structure on the surface by preventing any drilling or extraction activities from taking place within a specified distance of the structure. This type of waiver is particularly relevant in areas where there may be significant natural resources, such as oil or gas reserves, present underground. By including this provision, a lessor who owns the surface rights ensures that their property and any existing structures remain unharmed and undisturbed by drilling activities that could potentially pose a risk to the integrity of the structure or disrupt everyday activities. Keywords: New York Waiver of Lease Provision, Lessor Who Owns Surface, Prohibiting Drilling, Specified Distance of Structure, lease agreements, property rights, surface rights, drilling activities, natural resources, oil reserves, gas reserves. It is important to note that there may be different variations or types of New York Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure. Some leases may include specific distance limitations, while others may have additional restrictions or conditions related to drilling activities. It is crucial for both lessors and lessees to carefully review lease agreements and consult with legal professionals to ensure the terms of the waiver are clearly understood and properly enforced. In conclusion, a New York Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure is an essential protective measure for lessors in New York State. By incorporating this provision into lease agreements, lessors can maintain the integrity of their property, ensure the safety of existing structures, and prevent any potential damages or disturbances caused by drilling activities near their structures.

A New York Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure is a legally binding clause included in lease agreements in New York State. This provision serves to protect the lessor's property rights and the structure on the surface by preventing any drilling or extraction activities from taking place within a specified distance of the structure. This type of waiver is particularly relevant in areas where there may be significant natural resources, such as oil or gas reserves, present underground. By including this provision, a lessor who owns the surface rights ensures that their property and any existing structures remain unharmed and undisturbed by drilling activities that could potentially pose a risk to the integrity of the structure or disrupt everyday activities. Keywords: New York Waiver of Lease Provision, Lessor Who Owns Surface, Prohibiting Drilling, Specified Distance of Structure, lease agreements, property rights, surface rights, drilling activities, natural resources, oil reserves, gas reserves. It is important to note that there may be different variations or types of New York Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure. Some leases may include specific distance limitations, while others may have additional restrictions or conditions related to drilling activities. It is crucial for both lessors and lessees to carefully review lease agreements and consult with legal professionals to ensure the terms of the waiver are clearly understood and properly enforced. In conclusion, a New York Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure is an essential protective measure for lessors in New York State. By incorporating this provision into lease agreements, lessors can maintain the integrity of their property, ensure the safety of existing structures, and prevent any potential damages or disturbances caused by drilling activities near their structures.