Wake North Carolina Surface Lease Agreement

State:
Multi-State
County:
Wake
Control #:
US-OG-254
Format:
Word; 
Rich Text
Instant download

Description

This form ias used when the Lessor grants the Lessee the right to construct, operate, and maintain on the Lands a pumping and injection station, oil production facility, buildings, pipeline connections, tanks, offices, and fixtures necessary for that station. Lessee shall have the full, free, and exclusive use of the surface of the Lands during the term of this Lease, together with the right of ingress and egress to and from the Lands, and from, over, and across other lands owned by Lessor.

A Wake North Carolina Surface Lease Agreement is a legal document that outlines the terms and conditions of a lease agreement between a landowner and a tenant regarding the use of the surface or topsoil of a property located in Wake County, North Carolina. This agreement governs the leasing of land for various purposes, such as agriculture, residential, commercial, or industrial activities. It establishes the rights, responsibilities, and obligations of both parties involved. The Wake North Carolina Surface Lease Agreement typically includes important details such as the lease duration, rent amount, payment schedule, renewal terms, and any restrictions or specific conditions related to the agreed-upon land use. It also addresses issues like property access, maintenance responsibilities, insurance requirements, and potential liability concerns. Different types of Wake North Carolina Surface Lease Agreements may exist depending on the specific land use requirements. Some common variations may include the following: 1. Agricultural Surface Lease Agreement: This type of lease agreement is designed for agricultural purposes, such as farming, crop production, or animal husbandry. It may specify conditions related to crop rotation, irrigation, or livestock management. 2. Residential Surface Lease Agreement: This is a lease agreement for residential purposes, where the landowner allows the tenant to use the surface area for residential construction or the placement of a mobile home. It may include provisions regarding building permits, property maintenance, and utilities. 3. Commercial Surface Lease Agreement: This lease agreement is tailored for commercial activities, such as establishing business premises, retail outlets, or offices on the leased land. It may cover topics like signage, parking facilities, and compliance with zoning regulations. 4. Industrial Surface Lease Agreement: This type of lease agreement is intended for industrial use, allowing lessees to construct industrial buildings, factories, or warehouses on the leased land. It often involves considerations related to environmental regulations, waste management, and infrastructure requirements. In summary, a Wake North Carolina Surface Lease Agreement is a comprehensive legal contract that enables landowners and tenants to establish clear expectations and guidelines regarding the use of land surface in Wake County, North Carolina. The specific type of agreement will depend on the intended land use, such as agriculture, residential, commercial, or industrial activities.

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FAQ

With a land lease agreement (also known as a ground lease), you purchase the home but rent the land. One of the main advantages is the lower price of this unique arrangement. One of the main disadvantages is that you will not be able to build valuable equity in the land on which you live.

A surface use agreement, which is also sometimes referred to as a land use agreement, is an agreement between the landowner and an oil and gas company or an operator for the use of the landowner's land in the development of the oil and gas.

A ground lease is an agreement in which a tenant can develop property during the lease period, after which it is turned over to the property owner. Ground leases commonly take place between commercial landlords, who typically lease land for 50 to 99 years to tenants who construct buildings on the property.

A use and occupancy agreement - sometimes referred to as a U&O - is a temporary agreement between the buyer and the seller that allows one party the right to use and occupy the property for a set period of time.

Personal Property Lease means a chattel lease, equipment lease, conditional sales contract and other similar agreement relating to Personal Property to which the Vendor is a party or under which it has rights to use Personal Property.

A surface use agreement, which is also sometimes referred to as a land use agreement, is an agreement between the landowner and an oil and gas company or an operator for the use of the landowner's land in the development of the oil and gas.

A Surface Use Agreement is a voluntary agreement between the surface owner and the mineral owner/lessee (usually an oil and gas company) that will govern relations between the two parties.

The benefits of a ground lease Ground leases allow landlords to retain control over their land while simultaneously receiving a steady income. If executed properly, they can be a win-win scenario for both parties. Land leasing also allows for flexibility and specialized financing mechanisms.

The broadest contractual limitation is a surface waiver agreement through which the owner of the mineral estate waives the right to use the surface of the land where the project is located. Mineral owners may not be inclined to sign such a broad limitation.

During the term of a ground lease, the tenant owns any improvements made to the property, including any buildings it constructs. For example, many Macy's (NYSE:M) department stores are ground-leased.

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Wake North Carolina Surface Lease Agreement