If a lease will expire, by its own terms, and the lessee desires to maintain the lease in effect by the payment of bonus, rather than commencing operations, and the terms of the original lease continue to be acceptable to the lessor, the parties may elect to amend the existing lease to extend the primary term, rather than entering into a new lease. This form addresses that situation.
The Suffolk County Amendment to Oil and Gas Lease is a legal document that allows parties to extend the primary term of the lease without requiring any additional rental fees. This amendment specifically applies to oil and gas leases in Suffolk County, New York. In Suffolk County, there may be various types of amendments to oil and gas leases to extend the primary term without additional rentals. These amendments can include: 1. Suffolk New York Amendment to Oil and Gas Lease to Extend Primary Term, With No Additional Rentals for Residential Properties: This specific type of amendment is designed for oil and gas leases associated with residential properties in Suffolk County. It enables property owners to extend the primary term of the lease without incurring any extra rental fees. 2. Suffolk New York Amendment to Oil and Gas Lease to Extend Primary Term, With No Additional Rentals for Commercial Properties: This variant of the amendment is tailored for commercial properties in Suffolk County. It provides an extension to the primary term of the oil and gas lease without any additional rental charges, allowing businesses to continue their operations seamlessly. 3. Suffolk New York Amendment to Oil and Gas Lease to Extend Primary Term, With No Additional Rentals for Agricultural Properties: This category of amendment caters specifically to agricultural properties in Suffolk County. Farmers and landowners can benefit from extending the primary term of their oil and gas leases without having to pay any extra rental fees. 4. Suffolk New York Amendment to Oil and Gas Lease to Extend Primary Term, With No Additional Rentals for Publicly Owned Properties: This type of amendment is aimed at publicly owned properties in Suffolk County. Government bodies or organizations can extend the primary term of the oil and gas lease without any additional rental costs, allowing them to efficiently manage these properties. The Suffolk New York Amendment to Oil and Gas Lease to Extend Primary Term, With No Additional Rentals acts as a crucial legal tool for both parties involved in oil and gas leasing in Suffolk County. By utilizing this amendment, leaseholders can extend their lease terms while eliminating the financial burden of additional rental fees, benefiting property owners and lessees alike. It ensures a smoother and more economically feasible continuation of oil and gas operations within the county, promoting sustainable development and responsible resource utilization.The Suffolk County Amendment to Oil and Gas Lease is a legal document that allows parties to extend the primary term of the lease without requiring any additional rental fees. This amendment specifically applies to oil and gas leases in Suffolk County, New York. In Suffolk County, there may be various types of amendments to oil and gas leases to extend the primary term without additional rentals. These amendments can include: 1. Suffolk New York Amendment to Oil and Gas Lease to Extend Primary Term, With No Additional Rentals for Residential Properties: This specific type of amendment is designed for oil and gas leases associated with residential properties in Suffolk County. It enables property owners to extend the primary term of the lease without incurring any extra rental fees. 2. Suffolk New York Amendment to Oil and Gas Lease to Extend Primary Term, With No Additional Rentals for Commercial Properties: This variant of the amendment is tailored for commercial properties in Suffolk County. It provides an extension to the primary term of the oil and gas lease without any additional rental charges, allowing businesses to continue their operations seamlessly. 3. Suffolk New York Amendment to Oil and Gas Lease to Extend Primary Term, With No Additional Rentals for Agricultural Properties: This category of amendment caters specifically to agricultural properties in Suffolk County. Farmers and landowners can benefit from extending the primary term of their oil and gas leases without having to pay any extra rental fees. 4. Suffolk New York Amendment to Oil and Gas Lease to Extend Primary Term, With No Additional Rentals for Publicly Owned Properties: This type of amendment is aimed at publicly owned properties in Suffolk County. Government bodies or organizations can extend the primary term of the oil and gas lease without any additional rental costs, allowing them to efficiently manage these properties. The Suffolk New York Amendment to Oil and Gas Lease to Extend Primary Term, With No Additional Rentals acts as a crucial legal tool for both parties involved in oil and gas leasing in Suffolk County. By utilizing this amendment, leaseholders can extend their lease terms while eliminating the financial burden of additional rental fees, benefiting property owners and lessees alike. It ensures a smoother and more economically feasible continuation of oil and gas operations within the county, promoting sustainable development and responsible resource utilization.
