Oklahoma Waiver of Lease Provision by Owner of Surface of Lands

• Category: Oil Gas and Minerals - Waivers
• State: Multi-State
• Control #: US-OG-156
• Format: Word; Rich Text

Description

This form addresses provisions that may be contained in an oil and gas lease restricting the use of the surface of lands. The form provides for the lease restrictions, contained in a lease, to be identified in the document. The Oklahoma Waiver of Lease Provision by Owner of Surface of Lands is a legal document that outlines the conditions and terms for waiving a lease provision by the owner of a surface land in Oklahoma. This provision is commonly used in the context of oil and gas leases. Key terms related to the Oklahoma Waiver of Lease Provision by Owner of Surface of Lands include: 1. Waiver: It denotes the act of voluntarily giving up or relinquishing a right, claim, or provision stated in a lease agreement. 2. Lease Provision: Refers to a specific condition or term outlined in a lease agreement. It can include clauses related to rent, duration, access, compliance, and various other aspects of the lease. 3. Owner: The individual or entity that holds the legal title to the surface land in Oklahoma. 4. Surface Land: It refers to the topmost layer of land owned by an individual or entity, excluding the minerals or resources beneath the surface. 5. Oklahoma: The state of Oklahoma, located in the southwestern region of the United States. There are no specific types of Oklahoma Waiver of Lease Provision by Owner of Surface of Lands mentioned; however, variations in the language and specific provisions within the document can occur depending on the circumstances. For instance, the waiver provision may specify the duration or period for which the provision is waived, the compensation or consideration provided to the surface landowner in exchange for the waiver, and any other conditions agreed upon by the owner and lessee. It's important to note that individuals or entities involved in lease agreements should consult legal professionals to ensure they fully understand the specific provisions, implications, and any associated risks before signing a waiver of lease provision.

The Oklahoma Waiver of Lease Provision by Owner of Surface of Lands is a legal document that outlines the conditions and terms for waiving a lease provision by the owner of a surface land in Oklahoma. This provision is commonly used in the context of oil and gas leases. Key terms related to the Oklahoma Waiver of Lease Provision by Owner of Surface of Lands include: 1. Waiver: It denotes the act of voluntarily giving up or relinquishing a right, claim, or provision stated in a lease agreement. 2. Lease Provision: Refers to a specific condition or term outlined in a lease agreement. It can include clauses related to rent, duration, access, compliance, and various other aspects of the lease. 3. Owner: The individual or entity that holds the legal title to the surface land in Oklahoma. 4. Surface Land: It refers to the topmost layer of land owned by an individual or entity, excluding the minerals or resources beneath the surface. 5. Oklahoma: The state of Oklahoma, located in the southwestern region of the United States. There are no specific types of Oklahoma Waiver of Lease Provision by Owner of Surface of Lands mentioned; however, variations in the language and specific provisions within the document can occur depending on the circumstances. For instance, the waiver provision may specify the duration or period for which the provision is waived, the compensation or consideration provided to the surface landowner in exchange for the waiver, and any other conditions agreed upon by the owner and lessee. It's important to note that individuals or entities involved in lease agreements should consult legal professionals to ensure they fully understand the specific provisions, implications, and any associated risks before signing a waiver of lease provision.