Montgomery Maryland Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure

• Category: Oil Gas and Minerals - Waivers
• State: Multi-State
• County: Montgomery
• Control #: US-OG-155
• Format: Word; Rich Text

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. A Montgomery Maryland waiver of lease provision by the lesser who owns the surface and prohibits drilling within a specified distance of a structure is a legal clause included in a lease agreement. This provision grants the owner of the surface (lessor) the right to prevent any drilling activities within a certain distance of a structure located on the leased property. In Montgomery County, Maryland, there are several types of waiver of lease provisions related to this matter. 1. "Montgomery Maryland Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure (Residential)": This type of waiver is commonly used for residential properties. It allows the lessor to protect the integrity, safety, and structural stability of residential structures by prohibiting any drilling activities within a designated distance. 2. "Montgomery Maryland Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure (Commercial)": This form of waiver is tailored for commercial properties. It empowers the lessor to prevent drilling near commercial structures to ensure the preservation of valuable infrastructure and avoid potential disruptions to business operations. 3. "Montgomery Maryland Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure (Industrial)": Industrial properties often have specific requirements due to the nature of their operations. This waiver is specifically designed to address the unique needs of industrial structures, protecting them from drilling activities that may pose safety risks or interfere with specialized equipment. Montgomery County, Maryland, recognizes the importance of such provisions to safeguard the interests of property owners and to preserve the structural integrity of buildings. By incorporating these waivers into lease agreements, lessors can exercise their right to restrict drilling activities within a specified distance, ensuring the long-term safety and value of their leased properties. It is crucial for both lessors and lessees to carefully review and understand the terms of these provisions before entering into any lease agreement. Seeking legal advice from a qualified attorney familiar with Montgomery County's laws and regulations is highly recommended ensuring compliance and the protection of both parties' interests.

A Montgomery Maryland waiver of lease provision by the lesser who owns the surface and prohibits drilling within a specified distance of a structure is a legal clause included in a lease agreement. This provision grants the owner of the surface (lessor) the right to prevent any drilling activities within a certain distance of a structure located on the leased property. In Montgomery County, Maryland, there are several types of waiver of lease provisions related to this matter. 1. "Montgomery Maryland Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure (Residential)": This type of waiver is commonly used for residential properties. It allows the lessor to protect the integrity, safety, and structural stability of residential structures by prohibiting any drilling activities within a designated distance. 2. "Montgomery Maryland Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure (Commercial)": This form of waiver is tailored for commercial properties. It empowers the lessor to prevent drilling near commercial structures to ensure the preservation of valuable infrastructure and avoid potential disruptions to business operations. 3. "Montgomery Maryland Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure (Industrial)": Industrial properties often have specific requirements due to the nature of their operations. This waiver is specifically designed to address the unique needs of industrial structures, protecting them from drilling activities that may pose safety risks or interfere with specialized equipment. Montgomery County, Maryland, recognizes the importance of such provisions to safeguard the interests of property owners and to preserve the structural integrity of buildings. By incorporating these waivers into lease agreements, lessors can exercise their right to restrict drilling activities within a specified distance, ensuring the long-term safety and value of their leased properties. It is crucial for both lessors and lessees to carefully review and understand the terms of these provisions before entering into any lease agreement. Seeking legal advice from a qualified attorney familiar with Montgomery County's laws and regulations is highly recommended ensuring compliance and the protection of both parties' interests.