Cook Illinois Affidavit As to Receipt of Rental / Shut-In Payment by Lessor

• Category: Oil Gas and Minerals - Affidavits
• State: Multi-State
• County: Cook
• Control #: US-OG-189
• Format: Word; Rich Text

Description

An affidavit is statement of facts which is sworn to (or affirmed) before an officer who has authority to administer an oath (e.g. a notary public). This Affidavit is for the purpose of recognizing receipt of a rental or royalty payment and deem the Lease to be in force and effect as a result of that payment. The Cook Illinois Affidavit As to Receipt of Rental / Shut-In Payment by Lessor is a legal document that acknowledges the receipt of rental or shut-in payment by the lessor in the state of Illinois. This affidavit serves as proof that the lessor has received the specified payment from the lessee or operator. Keywords: Cook Illinois, affidavit, rental payment, shut-in payment, lessor, lessee, operator, legal document, receipt. There are different types of Cook Illinois Affidavit As to Receipt of Rental / Shut-In Payment by Lessor, namely: 1. Cook Illinois Rental Payment Affidavit: This type of affidavit specifically addresses rental payments made by the lessee to the lessor. It documents the agreed-upon rental amount, the payment date, and serves as evidence that the lessor has accepted the payment. 2. Cook Illinois Shut-In Payment Affidavit: This affidavit focuses on shut-in payments made by the lessee to the lessor. Shut-in payments are typically paid when a well or oil/gas operation is temporarily halted or ceases production due to unforeseen circumstances. The affidavit verifies that the lessor has received the shut-in payment as outlined in the lease agreement. Both types of affidavits are essential in protecting the rights and interests of both parties involved in a lease agreement. They provide a clear record of payments made, ensuring transparency and legal compliance. It's worth noting that the Cook Illinois Affidavit As to Receipt of Rental / Shut-In Payment by Lessor may have additional subcategories depending on specific clauses, terms, or conditions mentioned in the lease agreement. These subcategories can include variations such as mid-term payment affidavits, late payment affidavits, or conditional payment affidavits.

The Cook Illinois Affidavit As to Receipt of Rental / Shut-In Payment by Lessor is a legal document that acknowledges the receipt of rental or shut-in payment by the lessor in the state of Illinois. This affidavit serves as proof that the lessor has received the specified payment from the lessee or operator. Keywords: Cook Illinois, affidavit, rental payment, shut-in payment, lessor, lessee, operator, legal document, receipt. There are different types of Cook Illinois Affidavit As to Receipt of Rental / Shut-In Payment by Lessor, namely: 1. Cook Illinois Rental Payment Affidavit: This type of affidavit specifically addresses rental payments made by the lessee to the lessor. It documents the agreed-upon rental amount, the payment date, and serves as evidence that the lessor has accepted the payment. 2. Cook Illinois Shut-In Payment Affidavit: This affidavit focuses on shut-in payments made by the lessee to the lessor. Shut-in payments are typically paid when a well or oil/gas operation is temporarily halted or ceases production due to unforeseen circumstances. The affidavit verifies that the lessor has received the shut-in payment as outlined in the lease agreement. Both types of affidavits are essential in protecting the rights and interests of both parties involved in a lease agreement. They provide a clear record of payments made, ensuring transparency and legal compliance. It's worth noting that the Cook Illinois Affidavit As to Receipt of Rental / Shut-In Payment by Lessor may have additional subcategories depending on specific clauses, terms, or conditions mentioned in the lease agreement. These subcategories can include variations such as mid-term payment affidavits, late payment affidavits, or conditional payment affidavits.