Oregon Production and Storage Unit Agreement

State:
Multi-State
Control #:
US-OG-1092
Format:
Word; 
Rich Text
Instant download

Description

This form of Agreement may be used to create a Unit for the purposes of producing oil and gas on a pooled unit basis, from existing producing leases.
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FAQ

Tenants who want to break a lease in Oregon must comply with the state's notice requirements if they want to avoid penalties or other legal consequences. Generally speaking, these are the two notice requirements needed, depending on the type of lease: Yearly Leases with No End Date: At least 60 days of notice.

An Oregon month-to-month rental agreement is a lease that does not end unless notice of at least thirty (30) days is sent by either the landlord or tenant. A month-to-month lease continues in perpetuity unless amended or terminated by the landlord or tenant.

To end a month-to-month tenancy during the first year of the tenancy, you must give your tenant a 30-day written notice, unless the rental unit is in the city of Portland, where 90 days' notice and payment of relocation costs is required for no-cause terminations.

Key Takeaways. Month-to-month tenancy is a periodic tenancy wherein the tenant rents from the owner on a monthly basis. This type of tenancy is most commonly found in residential leases. Other variations of tenancies found in lease contracts include tenancy for years, tenancy at will, and tenancy at sufferance.

Ing to Oregon security deposit laws, a landlord may claim the following losses or damages from the security deposit: Cleaning costs, where deep cleaning is required. Unpaid rent. Damages not caused by normal wear and tear, typically caused when the tenant fails to abide by the terms of the rental agreement.

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Oregon Production and Storage Unit Agreement