San Jose California 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: San Jose
• 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. San Jose, California Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) The San Jose, California 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 between a surface owner and the lessee for the leasing of subsurface underground storage space in San Jose, California. This agreement is specifically designed for situations where the lessee requires storage space beneath the surface of the land but does not have any rights to use the surface of the property. The primary purpose of this agreement is to establish a comprehensive framework regarding the subsurface underground storage lease, including the rights and responsibilities of the surface owner and the lessee. It serves to safeguard the interests of both parties involved and ensure a smooth and mutually beneficial relationship. Key provisions of the San Jose, California Subsurface Underground Storage Lease and Agreement may include: 1. Definitions: Clearly defining terms related to the agreement for a better understanding between the two parties, such as the subsurface underground storage space, access rights, surface restrictions, and more. 2. Grant of Lease: Outlining the grant of lease for the subsurface underground storage space, including its location and specifics of the permitted storage activities. 3. Lease Term: Establishing the duration of the lease agreement, including start and end dates, renewal options, and procedures for termination or early termination of the lease. 4. Rental Payments: Specifying the amount, frequency, and method of rental payments from the lessee to the surface owner, ensuring financial obligations are met in a timely manner. 5. Access and Entry: Addressing protocols for access to the subsurface storage space and detailing the rights, restrictions, and conditions associated with entry onto the surface of the property. 6. Insurance and Indemnity: Determining insurance requirements for both parties to protect against potential liabilities arising from storage operations. This section may also include provisions for indemnification and hold harmless clauses. 7. Maintenance and Repairs: Outlining the responsibilities for maintenance, repair, and restoration of the subsurface storage space and any associated facilities or equipment. 8. Compliance with Laws and Regulations: Stipulating that both the surface owner and lessee must comply with all applicable federal, state, and local laws, regulations, and permits concerning subsurface storage operations. It is important to note that while the San Jose, California Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) is a standard form agreement, variations may exist depending on the specific nature of the subsurface storage activities and any additional terms negotiated between the surface owner and lessee.

San Jose, California Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) The San Jose, California 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 between a surface owner and the lessee for the leasing of subsurface underground storage space in San Jose, California. This agreement is specifically designed for situations where the lessee requires storage space beneath the surface of the land but does not have any rights to use the surface of the property. The primary purpose of this agreement is to establish a comprehensive framework regarding the subsurface underground storage lease, including the rights and responsibilities of the surface owner and the lessee. It serves to safeguard the interests of both parties involved and ensure a smooth and mutually beneficial relationship. Key provisions of the San Jose, California Subsurface Underground Storage Lease and Agreement may include: 1. Definitions: Clearly defining terms related to the agreement for a better understanding between the two parties, such as the subsurface underground storage space, access rights, surface restrictions, and more. 2. Grant of Lease: Outlining the grant of lease for the subsurface underground storage space, including its location and specifics of the permitted storage activities. 3. Lease Term: Establishing the duration of the lease agreement, including start and end dates, renewal options, and procedures for termination or early termination of the lease. 4. Rental Payments: Specifying the amount, frequency, and method of rental payments from the lessee to the surface owner, ensuring financial obligations are met in a timely manner. 5. Access and Entry: Addressing protocols for access to the subsurface storage space and detailing the rights, restrictions, and conditions associated with entry onto the surface of the property. 6. Insurance and Indemnity: Determining insurance requirements for both parties to protect against potential liabilities arising from storage operations. This section may also include provisions for indemnification and hold harmless clauses. 7. Maintenance and Repairs: Outlining the responsibilities for maintenance, repair, and restoration of the subsurface storage space and any associated facilities or equipment. 8. Compliance with Laws and Regulations: Stipulating that both the surface owner and lessee must comply with all applicable federal, state, and local laws, regulations, and permits concerning subsurface storage operations. It is important to note that while the San Jose, California Subsurface Underground Storage Lease and Agreement (From a Surface Owner, With No Right to Use the Surface of the Lands being Granted) is a standard form agreement, variations may exist depending on the specific nature of the subsurface storage activities and any additional terms negotiated between the surface owner and lessee.