Nassau New York 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
• County: Nassau
• 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. The Nassau New York 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 outlines the terms and conditions for granting the rights to store materials or resources underground on a property, without the right to access or use the surface of the land. This type of agreement is commonly used for underground storage purposes such as oil, gas, water, or other substances. The agreement includes various provisions and details that are essential for both parties involved. Here are some relevant keywords and types that may be associated with the Nassau New York Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted): 1. Surface Owner: The individual or entity who owns the surface rights of the property. 2. Subsurface Tenant: The individual or entity who seeks the rights to store materials underground on the property. 3. Storage Lease: This refers to the agreement between the surface owner and the subsurface tenant, granting the right to store materials underground. 4. Underground Storage: The purpose of the agreement, which typically involves the storage of resources, substances, or materials such as oil, gas, water, or others. 5. Rights and Restrictions: The agreement outlines the specific rights granted to the subsurface tenant and any restrictions imposed by the surface owner. 6. Term and Renewal: Specifies the duration of the agreement, including any options for renewal or termination. 7. Compensation: Addresses the financial arrangements between the surface owner and subsurface tenant, including any lease payments or royalties. 8. Liability and Indemnification: Defines the responsibilities and potential liabilities of both parties in relation to the underground storage activities. 9. Environmental Compliance: Outlines the obligations for both parties to comply with applicable environmental laws and regulations. 10. Default and Remedies: Covers the consequences and potential remedies in case of a breach of the agreement by either party. It's important to note that there may be variations or additional types of Nassau New York Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted), as specific language and provisions can vary depending on the nature of the storage activity and the requirements of the parties involved.

The Nassau New York 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 outlines the terms and conditions for granting the rights to store materials or resources underground on a property, without the right to access or use the surface of the land. This type of agreement is commonly used for underground storage purposes such as oil, gas, water, or other substances. The agreement includes various provisions and details that are essential for both parties involved. Here are some relevant keywords and types that may be associated with the Nassau New York Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted): 1. Surface Owner: The individual or entity who owns the surface rights of the property. 2. Subsurface Tenant: The individual or entity who seeks the rights to store materials underground on the property. 3. Storage Lease: This refers to the agreement between the surface owner and the subsurface tenant, granting the right to store materials underground. 4. Underground Storage: The purpose of the agreement, which typically involves the storage of resources, substances, or materials such as oil, gas, water, or others. 5. Rights and Restrictions: The agreement outlines the specific rights granted to the subsurface tenant and any restrictions imposed by the surface owner. 6. Term and Renewal: Specifies the duration of the agreement, including any options for renewal or termination. 7. Compensation: Addresses the financial arrangements between the surface owner and subsurface tenant, including any lease payments or royalties. 8. Liability and Indemnification: Defines the responsibilities and potential liabilities of both parties in relation to the underground storage activities. 9. Environmental Compliance: Outlines the obligations for both parties to comply with applicable environmental laws and regulations. 10. Default and Remedies: Covers the consequences and potential remedies in case of a breach of the agreement by either party. It's important to note that there may be variations or additional types of Nassau New York Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted), as specific language and provisions can vary depending on the nature of the storage activity and the requirements of the parties involved.