This form is a California Lease agreement wherein Lessor grants, leases, and lets exclusively to Lessee the lands described within for the purposes of conducting seismic and geophysical operations, exploring, drilling, mining, and operating for, producing and owning oil, gas, sulfur, and all other minerals whether or not similar to those mentioned (collectively the oil or gas ), and the right to make surveys, lay pipelines, establish and utilize facilities for surface or subsurface disposal of salt water, construct roads and bridges, dig canals, build tanks, power stations, power lines, telephone lines, and other structures on the Lands, necessary or useful in Lessee's operations on the Lands or any other land adjacent to the Lands. This lease is a paid up lease and provides for pooling.
The San Jose California Standard Form Rental Lease Pooling Provision is a clause included in rental lease agreements in San Jose, California. This provision allows the pooling of all rental payments from different tenants distributed amongst a group of tenants sharing a rental property. The purpose of this provision is to evenly distribute the rental payment responsibility amongst tenants leasing a property together. It ensures that each tenant is equally liable for their share of the rent and prevents one tenant from shouldering the entire financial burden of the lease. The San Jose California Standard Form Rental Lease Pooling Provision is designed to create a fair and equitable arrangement amongst tenants. The provision outlines the process and details of how the rental payments are pooled and distributed amongst the tenants. Different types of San Jose California Standard Form Rental Lease Pooling Provision can vary based on the specific terms and conditions set by the landlord or property management company. Some common variations may include: 1. Percentage-based Pooling Provision: In this type, the rental payment of each tenant is determined by their share of the total square footage or number of bedrooms in the property. The percentage-based calculation ensures that tenants with larger living spaces or bedrooms contribute more towards the overall rental payment. 2. Equal Distribution Provision: This type of pooling provision divides the total rental payment equally amongst all tenants, regardless of the size of their living space or bedrooms. Each tenant pays an equal share of the rent, ensuring a fair and balanced financial obligation. 3. Individual Liability Provision: This provision makes each tenant individually responsible for their respective portion of the rental payment. The pooling aspect may be excluded in this case, and the tenant's rent obligation is completely separate from the other tenants. It is important for both landlords and tenants to thoroughly review and understand the San Jose California Standard Form Rental Lease Pooling Provision before signing the lease agreement. Consulting legal professionals or experienced real estate agents can also provide guidance on the specific terms and implications of this provision.The San Jose California Standard Form Rental Lease Pooling Provision is a clause included in rental lease agreements in San Jose, California. This provision allows the pooling of all rental payments from different tenants distributed amongst a group of tenants sharing a rental property. The purpose of this provision is to evenly distribute the rental payment responsibility amongst tenants leasing a property together. It ensures that each tenant is equally liable for their share of the rent and prevents one tenant from shouldering the entire financial burden of the lease. The San Jose California Standard Form Rental Lease Pooling Provision is designed to create a fair and equitable arrangement amongst tenants. The provision outlines the process and details of how the rental payments are pooled and distributed amongst the tenants. Different types of San Jose California Standard Form Rental Lease Pooling Provision can vary based on the specific terms and conditions set by the landlord or property management company. Some common variations may include: 1. Percentage-based Pooling Provision: In this type, the rental payment of each tenant is determined by their share of the total square footage or number of bedrooms in the property. The percentage-based calculation ensures that tenants with larger living spaces or bedrooms contribute more towards the overall rental payment. 2. Equal Distribution Provision: This type of pooling provision divides the total rental payment equally amongst all tenants, regardless of the size of their living space or bedrooms. Each tenant pays an equal share of the rent, ensuring a fair and balanced financial obligation. 3. Individual Liability Provision: This provision makes each tenant individually responsible for their respective portion of the rental payment. The pooling aspect may be excluded in this case, and the tenant's rent obligation is completely separate from the other tenants. It is important for both landlords and tenants to thoroughly review and understand the San Jose California Standard Form Rental Lease Pooling Provision before signing the lease agreement. Consulting legal professionals or experienced real estate agents can also provide guidance on the specific terms and implications of this provision.
