• US Legal Forms

Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term

State:
Multi-State
Control #:
US-OG-187
Format:
Word; 
Rich Text
Instant download

Description Oil And Gas Lease Form

An affidavit is statement of facts which is sworn to (or affirmed) before an officer who has authority to administer an oath (e.g. a notary public). This Affidavit is made for the purpose of giving notice that the Lease has been extended beyond its stated primary term in accordance with the terms of the Lease.

How to fill out Affidavit Of Production To Extend Oil And Gas Lease Beyond Primary Term?

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FAQ

The lease becomes legally binding when all parties have signed: the landlord and all tenants living in the unit who are 18 and older. If you're worried about situations where a lease needs to end early, learn about breaking a lease and grounds for eviction.

Names of the landlord and tenant and/or their agents. Description of the property. Amount of rent and due dates for payment, grace period, late charges. Mode of rent payment. Methods to terminate the agreement prior to the expiration date and charges if any.

As long as the contract spells out specific details and both parties have signed that they agree to the contract's terms, a handwritten contract is legally binding and enforceable in court.These types of leases are just temporary contracts.

Collect each party's information. Include specifics about your property. Consider all of the property's utilities and services. Know the terms of your lease. Set the monthly rent amount and due date. Calculate any additional fees. Determine a payment method. Consider your rights and obligations.

As long as the contract spells out specific details and both parties have signed that they agree to the contract's terms, a handwritten contract is legally binding and enforceable in court.

A written agreement can act as a roadmap for the landlord-tenant relationship, especially if a dispute arises. Also, real estate (land) leases for more than one year must be in writing. If a lease for over one year is not in writing, it will generally not be enforceable in court.

If you're thinking of renting out your property, or you're a tenant, and the current owner doesn't already have an agreement drawn up, it's possible to create your own rental contract.

The Lease Must be in Writing It does not matter if the lease is handwritten or typed.

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Affidavit of Production to Extend Oil and Gas Lease Beyond Primary Term