Puerto Rico 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. Puerto Rico Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure In Puerto Rico, a waiver of lease provision by a lessor who owns the surface comes into play when leasing property for drilling purposes. This provision prohibits any drilling activities within a specified distance of a structure located on the surface owned by the lessor. Such provisions are vital to ensure the safety and protection of structures, as well as the surrounding environment and communities. Types of Puerto Rico Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure: 1. Residential Property Waiver: This type of waiver is specific to residential properties where homeowners are concerned about the potential hazards and disturbances caused by drilling near their homes. The lessor, who is also the owner of the surface, includes this provision in the lease agreement to safeguard the dwelling and its habitants from any drilling activities. 2. Commercial Property Waiver: When leasing commercial properties, such as office buildings or shopping centers, the lessor may include a waiver provision to protect the integrity and functionality of the structure. The provision prohibits any drilling within a certain proximity to the commercial property, ensuring the safety of tenants, customers, and business operations. 3. Agricultural Property Waiver: Agricultural lands also require protection from drilling activities that could harm crops, irrigation systems, or livestock. Lessors who own the surface of agricultural properties can incorporate a waiver provision that restricts drilling within a specified distance from their farming structures. This helps preserve the agricultural productivity and sustainability of the land. Key Benefits of Puerto Rico Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure: 1. Safety Assurance: By prohibiting drilling near structures, the waiver provision ensures the safety of people residing, working, or conducting activities in the vicinity of the property. It reduces the risk of accidents, structural damage, or potential harm caused by drilling operations. 2. Preservation of Environment: Structures, especially in residential areas, are often surrounded by natural landscapes, parks, or ecosystems. By preventing drilling within a specified distance, the waiver provision helps preserve the environment, protecting flora, fauna, and maintaining the aesthetic appeal of the surroundings. 3. Property Preservation: The presence of drilling rigs or equipment near structures can cause disturbances, noise pollution, or visual degradation, affecting property values. The waiver provision safeguards the aesthetic and functional integrity of structures, ensuring long-term property preservation. 4. Peace of Mind for Lessors: By including the waiver provision in the lease agreement, lessors gain peace of mind knowing that their structures and property are protected from potential drilling-related damages. It establishes clear boundaries and responsibilities for drilling activities on the leased premises. To summarize, Puerto Rico Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure is a crucial element in lease agreements to safeguard structures, ensure safety, and preserve the environment. Residential, commercial, and agricultural properties benefit from these provisions, allowing lessors to protect their investments and maintain a sense of security.

Puerto Rico Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure In Puerto Rico, a waiver of lease provision by a lessor who owns the surface comes into play when leasing property for drilling purposes. This provision prohibits any drilling activities within a specified distance of a structure located on the surface owned by the lessor. Such provisions are vital to ensure the safety and protection of structures, as well as the surrounding environment and communities. Types of Puerto Rico Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure: 1. Residential Property Waiver: This type of waiver is specific to residential properties where homeowners are concerned about the potential hazards and disturbances caused by drilling near their homes. The lessor, who is also the owner of the surface, includes this provision in the lease agreement to safeguard the dwelling and its habitants from any drilling activities. 2. Commercial Property Waiver: When leasing commercial properties, such as office buildings or shopping centers, the lessor may include a waiver provision to protect the integrity and functionality of the structure. The provision prohibits any drilling within a certain proximity to the commercial property, ensuring the safety of tenants, customers, and business operations. 3. Agricultural Property Waiver: Agricultural lands also require protection from drilling activities that could harm crops, irrigation systems, or livestock. Lessors who own the surface of agricultural properties can incorporate a waiver provision that restricts drilling within a specified distance from their farming structures. This helps preserve the agricultural productivity and sustainability of the land. Key Benefits of Puerto Rico Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure: 1. Safety Assurance: By prohibiting drilling near structures, the waiver provision ensures the safety of people residing, working, or conducting activities in the vicinity of the property. It reduces the risk of accidents, structural damage, or potential harm caused by drilling operations. 2. Preservation of Environment: Structures, especially in residential areas, are often surrounded by natural landscapes, parks, or ecosystems. By preventing drilling within a specified distance, the waiver provision helps preserve the environment, protecting flora, fauna, and maintaining the aesthetic appeal of the surroundings. 3. Property Preservation: The presence of drilling rigs or equipment near structures can cause disturbances, noise pollution, or visual degradation, affecting property values. The waiver provision safeguards the aesthetic and functional integrity of structures, ensuring long-term property preservation. 4. Peace of Mind for Lessors: By including the waiver provision in the lease agreement, lessors gain peace of mind knowing that their structures and property are protected from potential drilling-related damages. It establishes clear boundaries and responsibilities for drilling activities on the leased premises. To summarize, Puerto Rico Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure is a crucial element in lease agreements to safeguard structures, ensure safety, and preserve the environment. Residential, commercial, and agricultural properties benefit from these provisions, allowing lessors to protect their investments and maintain a sense of security.