What are the rights and obligations of the lessor?

The lessor's obligation to maintain the lessee arises when acts termed legal trespass'' disturb, dispute, or place difficulties in the lessee's peaceful and adequate enjoyment of the leased premises that in some manner or other cast doubt upon the right of the lessor to execute the lease.

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Waiver of Lease Provision by Lessor Who Owns Surface...

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

Name: Tarrant Texas Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure
Brand: US Legal Forms
Rating: 4.88 (218 reviews)

Category:

Oil Gas and Minerals - Waivers

State:

Multi-State

County:

Tarrant

Control #:

US-OG-155

Format:

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.

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OBLIGATIONS OF THE LESSEE The lessee is obliged to pay the price of the lease according to the terms stipulated. The lessee is obliged to use the thing leased as a diligent father of a family. The lessee is obliged to pay the expenses for the deed of lease.

Through the rights and liabilities, it is clear that a lessor must disclose facts and shall avoid interruptions while the lessee is leased the property. A lessee, on the other hand, is bound to take reasonable care of the property and at the same time pay his/her rent.

The lessor, on the other hand, has the following duties and liabilities: The lessor is bound to deliver the leased property to the lessee in good condition. The lessor is bound to reimburse the lessee for any necessary and reasonable expenses incurred by the latter for the preservation of the leased property.

(a) A landlord or a landlord's agent may not interrupt or cause the interruption of utility service paid for directly to the utility company by a tenant unless the interruption results from bona fide repairs, construction, or an emergency.

A sale and leaseback is a transaction where the seller sells an asset to a buyer only to immediately lease it back from the buyer. Then, the seller is the lessee, and the buyer is the lessor.

The landlord must consent to the assignment of the lease prior to the assignment. For example, Jake is renting a commercial property for his business from Paul for two years beginning January 2013 up until January 2015.

A lease agreement, as we know, is a contract between two parties, (a lessee and the lessor here, the lessee being the one who is renting/leasing the property, and the lessor, the owner), wherein, specific conditions are mentioned about renting or leasing the property.

Definition of lessee : one that holds real or personal property under a lease.

In a lease agreement, the lessor is the person or party that issues the lease (allows the property to be rented), and the lessee is the person that the lease is granted to (the person paying rent to use the property).

The lessor's obligation to maintain the lessee arises when acts termed legal trespass'' disturb, dispute, or place difficulties in the lessee's peaceful and adequate enjoyment of the leased premises that in some manner or other cast doubt upon the right of the lessor to execute the lease.

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JOA STRUCTURE. Must be expressly stated in the sales contract and deed to be legally effective.The most active shale gas counties in the U.S. - Tarrant Co., Texas. An attorney with expertise in oil and gas law. Surface Use Provisions: Explanations: Before Drilling. 1.1. General Provisions. Could be used to force a mineral owner to lease against its will. Items 32 - 37 — drinking and smoking while in the Council Chamber.

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

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Interesting Questions

What is a Tarrant Waiver of Lease Provision?

Why would a lessor include a Tarrant Waiver of Lease Provision?

What does it mean when a lessor prohibits drilling within a specified distance of Structure687854?

How does a Tarrant Waiver of Lease Provision benefit the lessor?

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