Groundwater Lease
What is this form?
The Groundwater Lease is a legal document used to establish an agreement between a landowner (the Lessor) and a party seeking to use underground water resources (the Lessee). This form outlines the rights of the Lessee to explore, extract, and utilize groundwater from a specified area while detailing payment agreements based on production. It specifically addresses groundwater rights, which distinguishes it from surface water leases or general land rental agreements.
Key parts of this document
- Parties involved: Details including addresses of the Lessor and Lessee.
- Description of land: Specifies the exact area from which groundwater will be extracted.
- Royalty structure: Outlines how the Lessee will pay the Lessor a percentage of profits from the groundwater.
- Net profits: Defines the calculation of profits to be shared with the Lessor.
- Term of lease: Specifies the duration of the agreement and conditions for renewal.
- Water rights: Details the ownership and usage rights related to groundwater extraction.
When this form is needed
This form should be used when a landowner wishes to lease out groundwater rights to another party for purposes such as agricultural irrigation, commercial water supply, or other uses. It is suitable when both parties desire a clear agreement on the extraction of groundwater, including financial compensation and responsibilities concerning land use. It can be employed in contexts where local regulations allow for such leases and where there is potential for profit from water extraction.
Who needs this form
- Landowners who own property with groundwater resources and wish to lease water rights.
- Businesses or individuals looking to acquire rights to extract groundwater for agricultural, industrial, or commercial purposes.
- Legal representatives or attorneys facilitating the establishment of a groundwater lease agreement for clients.
How to prepare this document
- Identify the parties: Enter the names and addresses of the Lessor(s) and Lessee.
- Specify the property: Fill in the description of the land being leased, including location and size.
- Outline the terms: Specify the royalty percentage and the term duration of the lease.
- Clarify water rights: Ensure the section pertaining to the rights to groundwater extraction is correctly stated.
- Sign and date: Both parties should provide signatures and the date to finalize the agreement.
Is notarization required?
This form usually doesn’t need to be notarized. However, local laws or specific transactions may require it. Our online notarization service, powered by Notarize, lets you complete it remotely through a secure video session, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes
- Failing to specify the exact boundaries of the land being leased.
- Neglecting to clearly outline payment terms, such as royalties and profit-sharing.
- Overlooking local laws that may impose specific requirements on groundwater leases.
- Not obtaining necessary permissions or permits for water extraction.
- Allowing blanks in critical sections, such as names, addresses, or percentages.
Why use this form online
- Convenience: Easily download and complete the form from your home or office.
- Editability: Customize the document to suit specific needs by entering accurate information.
- Time-saving: Instant access to a legally drafted lease saves time compared to traditional methods.
- Reliability: Form templates are created by licensed attorneys to ensure legal validity.
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FAQ
Water found underground is called groundwater. Groundwater includes water found in aquifers, water found in the soil, in crevices of rocks, and any other water found beneath the surface of the earth.
Landowners may obtain a water right by applying for a permit from the Texas Commission on Environmental Quality (TCEQ). After obtaining a permit, the landowner can use surface water for domestic, agricultural, industrial, and other beneficial uses.
Groundwater is water that exists underground in saturated zones beneath the land surface. The upper surface of the saturated zone is called the water table.It fills the pores and fractures in underground materials such as sand, gravel, and other rock, much the same way that water fills a sponge.
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For the purposes of this Article, a lease is any temporary transfer, for. consideration, of actual water to instream flow. The possible permutations. of transfer arrangements are limited only by the parties' imaginations.
To reduce over usage of groundwater: The best way to reduce the over-usage of groundwater is to store the rainwater in everyone's home. The groundwater depletion and the subsiding of groundwaterlevel is a very popular cause of concern in the modern days.
Water that collects or flows beneath the Earth's surface, filling the porous spaces in soil, sediment, and rocks. Groundwater originates from rain and from melting snow and ice and is the source of water for aquifers, springs, and wells. The upper surface of groundwater is the water table.
Groundwater, water that occurs below the surface of Earth, where it occupies all or part of the void spaces in soils or geologic strata. It is also called subsurface water to distinguish it from surface water, which is found in large bodies like the oceans or lakes or which flows overland in streams.
Groundwater is fresh water (from rain or melting ice and snow) that soaks into the soil and is stored in the tiny spaces (pores) between rocks and particles of soil.
