This form is a New York 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.
Queens New York Paid Up Lease Pooling Provision is a legal term used in real estate transactions in Queens, New York, that refers to a specific provision in a lease agreement. This provision allows tenants to pay a lump sum amount upfront to secure their lease and provide landlords with added financial security. The option of a paid up lease pooling provision can benefit both landlords and tenants by streamlining the payment process and minimizing the risk of default. In Queens, New York, there are different types of paid up lease pooling provisions available to cater to various lease agreements: 1. Standard Paid Up Lease Pooling Provision: This is the most common type of provision observed in the rental market in Queens, New York. It allows tenants to pay a predetermined lump sum amount equivalent to a certain number of months' rent upfront. This provision provides landlords with immediate financial security, eliminates the hassle of monthly rental payments, and protects the tenant's lease during its term. 2. Graduated Paid Up Lease Pooling Provision: This provision offers tenants the flexibility to pay an increasing lump sum amount upfront over the agreed lease term. It allows tenants to start with a lower upfront payment and gradually increase the lump sum amount as the lease progresses. This provision is particularly useful for tenants with fluctuating income, as it provides them with the ability to manage their financial obligations accordingly. 3. Partial Paid Up Lease Pooling Provision: In this type of provision, tenants have the option to pay a portion of their lease amount upfront, rather than the full lump sum. This provision often benefits tenants who may not have the financial means to pay the entire lease amount upfront but still want to provide landlords with an added level of financial security. The remaining balance can be paid in regular monthly installments. 4. Customizable Paid Up Lease Pooling Provision: Some landlords or property management companies may offer customizable paid up lease pooling provisions based on individual tenant needs. This provision allows tenants and landlords to negotiate specific terms and conditions for upfront lump sum payments, tailored to their unique circumstances. In conclusion, Queens New York Paid Up Lease Pooling Provision provides landlords with financial security and tenants with convenience and lease protection. Whether it is a standard provision, graduated provision, partial provision, or a customizable provision, tenants and landlords have various options to choose from depending on their specific requirements.Queens New York Paid Up Lease Pooling Provision is a legal term used in real estate transactions in Queens, New York, that refers to a specific provision in a lease agreement. This provision allows tenants to pay a lump sum amount upfront to secure their lease and provide landlords with added financial security. The option of a paid up lease pooling provision can benefit both landlords and tenants by streamlining the payment process and minimizing the risk of default. In Queens, New York, there are different types of paid up lease pooling provisions available to cater to various lease agreements: 1. Standard Paid Up Lease Pooling Provision: This is the most common type of provision observed in the rental market in Queens, New York. It allows tenants to pay a predetermined lump sum amount equivalent to a certain number of months' rent upfront. This provision provides landlords with immediate financial security, eliminates the hassle of monthly rental payments, and protects the tenant's lease during its term. 2. Graduated Paid Up Lease Pooling Provision: This provision offers tenants the flexibility to pay an increasing lump sum amount upfront over the agreed lease term. It allows tenants to start with a lower upfront payment and gradually increase the lump sum amount as the lease progresses. This provision is particularly useful for tenants with fluctuating income, as it provides them with the ability to manage their financial obligations accordingly. 3. Partial Paid Up Lease Pooling Provision: In this type of provision, tenants have the option to pay a portion of their lease amount upfront, rather than the full lump sum. This provision often benefits tenants who may not have the financial means to pay the entire lease amount upfront but still want to provide landlords with an added level of financial security. The remaining balance can be paid in regular monthly installments. 4. Customizable Paid Up Lease Pooling Provision: Some landlords or property management companies may offer customizable paid up lease pooling provisions based on individual tenant needs. This provision allows tenants and landlords to negotiate specific terms and conditions for upfront lump sum payments, tailored to their unique circumstances. In conclusion, Queens New York Paid Up Lease Pooling Provision provides landlords with financial security and tenants with convenience and lease protection. Whether it is a standard provision, graduated provision, partial provision, or a customizable provision, tenants and landlords have various options to choose from depending on their specific requirements.
