Nassau New York Waiver of Lease Provision by Owner of Surface of Lands

• Category: Oil Gas and Minerals - Waivers
• State: Multi-State
• County: Nassau
• Control #: US-OG-156
• Format: Word; Rich Text

Description

This form addresses provisions that may be contained in an oil and gas lease restricting the use of the surface of lands. The form provides for the lease restrictions, contained in a lease, to be identified in the document. Nassau, New York is a county located on Long Island, just east of New York City. It is known for its vibrant communities, beautiful landscapes, and rich cultural heritage. One important legal provision in Nassau County is the Waiver of Lease Provision by Owner of Surface of Lands, which specifically pertains to land lease agreements. A Waiver of Lease Provision by Owner of Surface of Lands in Nassau, New York, refers to a clause that allows the owner of a piece of land to waive their rights to collect lease payments for a specified period or conditions. This provision provides certain advantages for both the landowner and the lessee, often in cases where the landowner wants to support or encourage specific activities on the property. There are several types of Nassau, New York, Waiver of Lease Provision by Owner of Surface of Lands, broadly categorized as follows: 1. Temporary Waiver: This type of waiver allows the landowner to suspend the lease payments for a pre-determined period. This may be employed to support the lessee during times of financial hardship or when the land is under construction or renovation. 2. Conditional Waiver: Here, the landowner may waive lease payments contingent on certain agreed-upon conditions. For instance, the landowner may require the lessee to make specific improvements to the property or engage in environmentally friendly practices, such as implementing sustainable farming techniques. 3. Full Waiver: A full waiver of the lease provision means that the landowner permanently gives up their right to collect lease payments indefinitely. This type of waiver is often seen in cases where the landowner wants to support a non-profit organization, foster community development, or contribute to a public cause. 4. Partial Waiver: In this scenario, the landowner agrees to reduce the lease payment amount for a specific timeframe. This can occur when the lessee is facing financial difficulties or when trying to attract new businesses or activities that will help stimulate the local economy. It is crucial for both landowners and lessees in Nassau, New York, to fully understand the terms and conditions of a Waiver of Lease Provision by Owner of Surface of Lands. Seeking legal advice from a qualified attorney is strongly recommended ensuring that all parties are aware of their rights, obligations, and the potential implications of such a waiver. Overall, the Nassau, New York, Waiver of Lease Provision by Owner of Surface of Lands provides a flexible framework for landowners and lessees to customize their lease agreements to meet specific needs and circumstances.

Nassau, New York is a county located on Long Island, just east of New York City. It is known for its vibrant communities, beautiful landscapes, and rich cultural heritage. One important legal provision in Nassau County is the Waiver of Lease Provision by Owner of Surface of Lands, which specifically pertains to land lease agreements. A Waiver of Lease Provision by Owner of Surface of Lands in Nassau, New York, refers to a clause that allows the owner of a piece of land to waive their rights to collect lease payments for a specified period or conditions. This provision provides certain advantages for both the landowner and the lessee, often in cases where the landowner wants to support or encourage specific activities on the property. There are several types of Nassau, New York, Waiver of Lease Provision by Owner of Surface of Lands, broadly categorized as follows: 1. Temporary Waiver: This type of waiver allows the landowner to suspend the lease payments for a pre-determined period. This may be employed to support the lessee during times of financial hardship or when the land is under construction or renovation. 2. Conditional Waiver: Here, the landowner may waive lease payments contingent on certain agreed-upon conditions. For instance, the landowner may require the lessee to make specific improvements to the property or engage in environmentally friendly practices, such as implementing sustainable farming techniques. 3. Full Waiver: A full waiver of the lease provision means that the landowner permanently gives up their right to collect lease payments indefinitely. This type of waiver is often seen in cases where the landowner wants to support a non-profit organization, foster community development, or contribute to a public cause. 4. Partial Waiver: In this scenario, the landowner agrees to reduce the lease payment amount for a specific timeframe. This can occur when the lessee is facing financial difficulties or when trying to attract new businesses or activities that will help stimulate the local economy. It is crucial for both landowners and lessees in Nassau, New York, to fully understand the terms and conditions of a Waiver of Lease Provision by Owner of Surface of Lands. Seeking legal advice from a qualified attorney is strongly recommended ensuring that all parties are aware of their rights, obligations, and the potential implications of such a waiver. Overall, the Nassau, New York, Waiver of Lease Provision by Owner of Surface of Lands provides a flexible framework for landowners and lessees to customize their lease agreements to meet specific needs and circumstances.