Chicago Illinois Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right ot Use the Surface of the Lands being Granted)

• Category: Oil Gas and Minerals - Leases
• State: Multi-State
• City: Chicago
• Control #: US-OG-1151
• Format: Word; Rich Text

Description

This form is a subsurface underground gas storage lease and agreement from a surface owner with no rights to use the surface of the lands being granted. Chicago Illinois Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) is a legal document that governs the lease and usage rights for subsurface storage facilities in the city of Chicago, Illinois. This agreement is specifically designed for surface owners who do not have the right to use the surface of the lands being granted for storage purposes. The agreement sets out the terms and conditions under which the subsurface storage facilities can be leased and utilized by the lessee. Keywords: Chicago Illinois, subsurface underground storage, lease agreement, surface owner, usage rights, storage facilities, terms and conditions Different types of Chicago Illinois Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) may include: 1. Basic Subsurface Storage Lease and Agreement: This is a standard agreement that outlines the essential terms and conditions for the lease of subsurface storage facilities from a surface owner who does not have the right to use the surface of the lands. 2. Duration-based Subsurface Storage Lease and Agreement: This type of agreement specifies a fixed duration for the lease of subsurface storage facilities, usually for a specific number of months or years. It includes provisions for renewal or termination of the lease at the end of the agreed-upon period. 3. Limited Scope Subsurface Storage Lease and Agreement: This variant of the agreement restricts the lessee's usage rights to certain specified activities or types of storage, such as petroleum products, hazardous materials, or bulk goods. It may also include provisions for compliance with relevant regulations and permits. 4. Payment-based Subsurface Storage Lease and Agreement: This agreement focuses on the financial aspects of the lease, including the rental amount, payment schedule, and any additional fees or charges associated with the use of the subsurface storage facilities. 5. Indemnification Subsurface Storage Lease and Agreement: This type of agreement includes provisions for indemnification, where the lessee agrees to hold the surface owner harmless from any liabilities, damages, or claims arising out of the storage activities conducted on the leased subsurface area. 6. Transferable Subsurface Storage Lease and Agreement: This variant allows the lessee to transfer their lease rights to another party, subject to certain conditions and the surface owner's approval. These variations provide flexibility in tailoring the Chicago Illinois Subsurface Underground Storage Lease and Agreement to meet the specific requirements and circumstances of the surface owner and lessee.

Chicago Illinois Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) is a legal document that governs the lease and usage rights for subsurface storage facilities in the city of Chicago, Illinois. This agreement is specifically designed for surface owners who do not have the right to use the surface of the lands being granted for storage purposes. The agreement sets out the terms and conditions under which the subsurface storage facilities can be leased and utilized by the lessee. Keywords: Chicago Illinois, subsurface underground storage, lease agreement, surface owner, usage rights, storage facilities, terms and conditions Different types of Chicago Illinois Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) may include: 1. Basic Subsurface Storage Lease and Agreement: This is a standard agreement that outlines the essential terms and conditions for the lease of subsurface storage facilities from a surface owner who does not have the right to use the surface of the lands. 2. Duration-based Subsurface Storage Lease and Agreement: This type of agreement specifies a fixed duration for the lease of subsurface storage facilities, usually for a specific number of months or years. It includes provisions for renewal or termination of the lease at the end of the agreed-upon period. 3. Limited Scope Subsurface Storage Lease and Agreement: This variant of the agreement restricts the lessee's usage rights to certain specified activities or types of storage, such as petroleum products, hazardous materials, or bulk goods. It may also include provisions for compliance with relevant regulations and permits. 4. Payment-based Subsurface Storage Lease and Agreement: This agreement focuses on the financial aspects of the lease, including the rental amount, payment schedule, and any additional fees or charges associated with the use of the subsurface storage facilities. 5. Indemnification Subsurface Storage Lease and Agreement: This type of agreement includes provisions for indemnification, where the lessee agrees to hold the surface owner harmless from any liabilities, damages, or claims arising out of the storage activities conducted on the leased subsurface area. 6. Transferable Subsurface Storage Lease and Agreement: This variant allows the lessee to transfer their lease rights to another party, subject to certain conditions and the surface owner's approval. These variations provide flexibility in tailoring the Chicago Illinois Subsurface Underground Storage Lease and Agreement to meet the specific requirements and circumstances of the surface owner and lessee.