Bronx New York Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure

State:
Multi-State
County:
Bronx
Control #:
US-OG-155
Format:
Word; 
Rich Text
Instant download

Description

This form serves to amend an oil and gas lease to allow a lessee to drill at any location on lands subject to a lease, including a location in close proximity to a building or structure on the lands subject to a lease. The Bronx, New York, is a thriving borough within New York City known for its rich history, vibrant cultural diversity, and bustling urban atmosphere. Home to approximately 1.4 million residents, the Bronx offers a unique mix of residential, commercial, and industrial areas. In the real estate industry, a Bronx New York Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure serves as a crucial clause in property leases. This provision enables lessors who own the surface rights of a property to prohibit drilling activities within a specified distance of their structures. By including this waiver, lessors can protect their property and maintain its integrity. There can be different types of Bronx New York Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure, which vary based on the specific terms and conditions set forth in the agreement. These variations may include the distance threshold at which drilling is prohibited, the duration of the prohibition, and any potential exemptions or exceptions. When drafting such a provision, lessors must consider the potential impact of drilling activities on their property, including the risk of damage to structures, disruption of daily activities, and potential implications for the environment. By clearly defining the terms and conditions of the waiver, lessors can establish necessary boundaries and protect their property's value. This type of lease provision is particularly valuable for properties located in densely populated areas like the Bronx. With its high concentration of residential and commercial buildings, it is crucial to safeguard the urban landscape and ensure the safety and well-being of the community. In summary, a Bronx New York Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure is a pivotal clause in property leases. It aims to protect property owners by prohibiting drilling activities within a specified proximity to their structures. Through careful drafting and consideration, lessors can safeguard their property's value and maintain the integrity of the Bronx's vibrant urban environment.

The Bronx, New York, is a thriving borough within New York City known for its rich history, vibrant cultural diversity, and bustling urban atmosphere. Home to approximately 1.4 million residents, the Bronx offers a unique mix of residential, commercial, and industrial areas. In the real estate industry, a Bronx New York Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure serves as a crucial clause in property leases. This provision enables lessors who own the surface rights of a property to prohibit drilling activities within a specified distance of their structures. By including this waiver, lessors can protect their property and maintain its integrity. There can be different types of Bronx New York Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure, which vary based on the specific terms and conditions set forth in the agreement. These variations may include the distance threshold at which drilling is prohibited, the duration of the prohibition, and any potential exemptions or exceptions. When drafting such a provision, lessors must consider the potential impact of drilling activities on their property, including the risk of damage to structures, disruption of daily activities, and potential implications for the environment. By clearly defining the terms and conditions of the waiver, lessors can establish necessary boundaries and protect their property's value. This type of lease provision is particularly valuable for properties located in densely populated areas like the Bronx. With its high concentration of residential and commercial buildings, it is crucial to safeguard the urban landscape and ensure the safety and well-being of the community. In summary, a Bronx New York Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure is a pivotal clause in property leases. It aims to protect property owners by prohibiting drilling activities within a specified proximity to their structures. Through careful drafting and consideration, lessors can safeguard their property's value and maintain the integrity of the Bronx's vibrant urban environment.

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Bronx New York Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure