Louisiana Servitude Agreement Form

State:
Louisiana
Control #:
LA-685-M
Format:
Word; 
Rich Text
Instant download

Description

The Louisiana servitude agreement form is a legal document that outlines the terms under which a seller reserves mineral rights related to the oil, gas, and other minerals found on a property being sold. This form includes various types of mineral servitudes, such as standard servitude, a servitude without surface use, and expanded servitudes that apply to non-contiguous tracts. Key features of the form include the reservation of executive rights, royalties, and a non-exclusive right of way, ensuring that the seller retains certain rights post-sale. Filling out the form involves clearly indicating the type of servitude reserved, specifying the locations for rights of way, and detailing any restrictions or obligations. It serves a vital purpose for the target audience, including attorneys and legal professionals, who may utilize the form to protect their clients' interests in property transactions. Partners and owners benefit from clear documentation of their rights, while associates, paralegals, and legal assistants can assist in preparation, ensuring compliance with Louisiana law. By using this form, stakeholders can efficiently manage property rights and mineral interests, minimizing potential disputes.
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How to fill out Louisiana Reservations Concerning Mineral Servitude?

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FAQ

Servitude, in Anglo-American property law, a device that ties rights and obligations to ownership or possession of land so that they run with the land to successive owners and occupiers.

Although the terms servitude and easement are sometimes used as synonyms, the two concepts differ. A servitude relates to the servient estate or the burdened land, whereas an EASEMENT refers to the dominant estate, which is the land benefited by the right.

705. Servitude of passage. The servitude of passage is the right for the benefit of the dominant estate whereby persons, animals, utilities, or vehicles are permitted to pass through the servient estate.

A real servitude is tied to the dominant land. It therefore subsists regardless of the change in ownership of the property. An easement can come with a term.

Although the terms servitude and easement are sometimes used as synonyms, the two concepts differ. A servitude relates to the servient estate or the burdened land, whereas an EASEMENT refers to the dominant estate, which is the land benefited by the right.

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Louisiana Servitude Agreement Form