Sacramento California Amendment to Oil and Gas Lease to Correct Land Description

State:
Multi-State
County:
Sacramento
Control #:
US-OG-083
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Description

If the description of lands contained in a lease is incorrect, rather than entering into a new lease, the existing lease may be amended, with the amendment providing the correct description of lands the lessor and lessee intended to be covered by the lease. This form addresses that situation.

Sacramento California Amendment to Oil and Gas Lease to Correct Land Description aims to rectify any inaccuracies or errors present in the initial lease agreement's land description for oil and gas extraction activities in Sacramento, California. This amendment is crucial to ensure that the leased land is correctly identified and precisely encompasses the intended area for exploration and production. The Sacramento California Amendment to Oil and Gas Lease to Correct Land Description may include various types based on specific circumstances or requirements. These variations may be named differently, such as: 1. "Sacramento California Amendment to Oil and Gas Lease — Clarification of Land Description": This type of amendment is employed when the original lease agreement contains ambiguities or vague descriptions that necessitate further clarification to avoid confusion and potential legal disputes. The amendment seeks to provide a more precise and unambiguous land description. 2. "Sacramento California Amendment to Oil and Gas Lease — Boundary Adjustment": This type of amendment is necessary when the original lease agreement's land description fails to accurately incorporate certain boundary lines or fails to reflect any recent boundary adjustments made by relevant governing authorities. The amendment's purpose is to rectify these discrepancies by updating the land description accordingly. 3. "Sacramento California Amendment to Oil and Gas Lease — Addition of Parcels": This amendment type is applicable when additional parcels of land need to be included in the existing lease agreement's land description. It is typically used to expand the leased area due to the discovery of promising oil or gas prospects in adjacent or nearby parcels that were not initially included in the original lease agreement. 4. "Sacramento California Amendment to Oil and Gas Lease — Removal of Parcels": This type of amendment becomes relevant if certain parcels of land mentioned in the initial lease agreement need to be excluded due to various reasons, such as changes in land ownership, environmental concerns, or legal limitations. The amendment ensures the removal of these specified parcels from the lease agreement's land description. 5. "Sacramento California Amendment to Oil and Gas Lease — Correction of Survey Error": In situations where an error or discrepancy is discovered in the survey description of the land in the original lease agreement, this type of amendment is employed to rectify the mistake and provide an accurate and updated survey description. Overall, the Sacramento California Amendment to Oil and Gas Lease to Correct Land Description plays a vital role in ensuring the lease agreements accurately represent the intended lands for oil and gas exploration and production activities in Sacramento, California. These amendments help eliminate any potential confusion, disputes, or inaccuracies in the land descriptions, thereby safeguarding the rights and interests of all involved parties.

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FAQ

The Assessor's Office uses forms that are prescribed and / or recommended by the California Board of Equalization and pertain to local county assessments, exemption claims, exclusions, and changes in ownership for property taxation purposes.

Preliminary Change of Ownership Forms are available online at the Assessor web site or can be mailed to you upon request by calling the Assessor's office at (408) 299-5500.

California Preliminary Change of Ownership Report Instructions YouTube Start of suggested clip End of suggested clip Address. Then to the right which are going to be doing is you're going to be typing. The property'sMoreAddress. Then to the right which are going to be doing is you're going to be typing. The property's APN number that is located on the deed. So take a look at your deed.

If a transfer of real property results in the transfer of the present interest and beneficial use of the property, whether in whole or in part, then such transfer would constitute a change in ownership.

California Property Tax Planning under Proposition 19 If the LLC is the original owner, then as long as no new person gains more than 50% ownership/control of the LLC, then there will be no reassessment of the underlying property.

BOE-502-A (P1) REV. 16 (05-21) PRELIMINARY CHANGE OF OWNERSHIP REPORT. To be completed by the transferee (buyer) prior to a transfer of subject. property, in accordance with section 480.3 of the Revenue and Taxation.

A new owner fills out, dates, and signs the PCOR. It does NOT need to be notarized. Describe the property being transferred, and any included personal property or manufactured homes.

Completion of new construction or a change in ownership (?CIO?) triggers a reassessment to a new Base Year Value equal to the current fair market value, meaning higher property taxes.

What Is A PCOR? A PCOR is specific to California real estate transactions. It is issued by the State Board of Equalization per Section 480.3 of California's Revenue and Taxation Code. It is a form used to notify the county assessor's office of real property transactions (buys and sells).

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You cannot change your mind without their signature. ✓ Form of title the grantees will use (for grant and interspousal deeds).Pursuant to Revenue and Taxation Code, Section 480. Anyone wishing to address the Commission must fill out a "Request to Speak" form. (Record Group 49) 1685-1993 (bulk 1770-1982) OVERVIEW OF RECORDS LOCATIONS Table of Contents 49. Climate change ravaged America's oil capital. SACRAMENTO, Calif. These values include providing pro bono legal services, building diversity in our profession, and supporting outreach efforts around the world. The move applies to federal lands and waters and deals a blow to climate change activists.

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Sacramento California Amendment to Oil and Gas Lease to Correct Land Description