Newark New Jersey Notice of Claim of Breach of Oil, Gas, and Mineral Lease by the original Lessor's Successor
Category:
State:
Multi-State
City:
Newark
Control #:
US-OG-107
Format:
Word;
Rich Text
Instant download
Description
Most leases require a lessor give a lessee a written notice of any claimed breach of the lease. The lessee is usually granted a period of time in which to remedy the breach before a claim can be made for damages or that the lease is terminated. This form is a second notice to a lessee. It is prepared for signature by the successor to the original lessor. It provides that a letter has been sent to the lessee notifying the lessee of the claimed breach. This notice, once recorded, is constructive notice that the lease is deemed to have expired for failure of the lessee to remedy the claimed breach.
