This form is a North Dakota 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 form also provides for pooling.
Fargo North Dakota Rental Lease Pooling Provision refers to a specific clause or provision that can be included in rental lease agreements in the city of Fargo, North Dakota. This provision outlines the terms and conditions regarding the pooling of rental leases. The purpose of this provision is to allow property owners or landlords to combine multiple individual leases into a single pooled lease. This may be especially beneficial in situations where a property consists of multiple units or apartments within a building or complex, and the landlord wishes to simplify administrative tasks and streamline rental management. By including the Fargo North Dakota Rental Lease Pooling Provision in a lease agreement, the property owner can effectively consolidate the terms, rent payments, and responsibilities of multiple leases into one comprehensive agreement. This provision typically specifies the rights and obligations of both the landlord and the tenants involved in the pooling arrangement. For example, the provision may outline the process of pooling, including which individual leases will be included and what criteria must be met. It may also specify how the rent will be divided among the tenants, especially if the units differ in size or amenities. Additionally, it may include provisions for utilities, maintenance responsibilities, and common areas. It is important to note that there may be different types of Fargo North Dakota Rental Lease Pooling Provisions, depending on the specific requirements and preferences of the property owner or the nature of the rental property. Some common types of pooling provisions may include: 1. Unit-specific pooling: This type of provision allows property owners to pool specific units within a property, while keeping other units separately leased. This may be useful when some units are better suited for pooling due to their proximity or shared facilities, while others are better leased individually. 2. Full-property pooling: In this case, the landlord pools all units of a property, regardless of their individual characteristics. This type of pooling is often seen in larger rental complexes where there is no significant variation among the units. 3. Partial pooling: This provision allows property owners to pool a certain percentage of the units within a property, while keeping the rest individually leased. This type of pooling may be useful when only a portion of the rental units are suitable for shared amenities or when the property owner wants to maintain a balance between pooled and non-pooled units. In conclusion, Fargo North Dakota Rental Lease Pooling Provision is a specific clause within a lease agreement that facilitates the pooling of multiple rental leases into a single agreement. This provision simplifies rental management for property owners and establishes the rights and responsibilities of both the landlord and tenants involved in the pooling arrangement. Different types of pooling provisions, such as unit-specific pooling, full-property pooling, and partial pooling, may exist depending on the specific requirements and circumstances of the rental property.
