Vacant Land Disclosure Statement For Florida

State:
Multi-State
Control #:
US-03264BG
Format:
Word; 
Rich Text
Instant download

Description

The Vacant Land Disclosure Statement for Florida is designed to ensure that sellers disclose all known facts regarding the property that may adversely impact its value. This form assists sellers in meeting legal obligations and helps potential buyers evaluate the property's condition thoroughly. It includes sections on survey information, easements, property condition, and utilities, prompting sellers to provide details about potential issues such as flooding, boundary disputes, and any hazardous materials present. The form requires clarity and accuracy, with a seller's statement affirming the truthfulness of the information provided. Users are encouraged to consult with an attorney if they have questions. This document is essential for real estate transactions, making it particularly relevant for attorneys, partners, owners, associates, paralegals, and legal assistants involved in real estate law. Its clear structure and straightforward questions facilitate the filling process and help legal professionals ensure compliance with Florida real estate regulations.
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FAQ

Any operator or individual planning to drill an Article 23 regulated well must submit an Application for Permit to Drill, Deepen, Plug Back or Convert a Well (APD/application) to the Division of Mineral Resources.

Typically a new well drilled in the WNF will require, on average, a 0.69-acre well-pad area (150 by 200 ft.) to be cleared and leveled. Wells drilled to formations over 5,000 feet deep use a larger drill rig and would need a 1.1 acre (250 by 200 ft.) well pad area cleared.

In 2021, natural gas fueled 46% of New York's utility-scale in-state generation.

Drilling/ Well Permits for Oil, Gas and Solution Salt Mining and Other Regulated Wells. The following permits apply to any oil, gas or solution salt mining well of any depth, as well as any brine disposal, geothermal or stratigraphic well deeper than 500 feet: Drill, deepen, plug-back or convert a well.

Most oil and gas wells in New York are located in the western part of the state, with the majority located in Allegany, Cattaraugus, Chautauqua and Erie Counties. They can be found in a variety of locations, including forests, fields, and residential areas.

Royalties on private lands are influenced by state rates. They generally range from 12?25 percent. Before negotiating royalty payments on private land, careful due diligence should be conducted to confirm ownership. Mineral ownership records are often outdated.

New York is one of the nation's largest petroleum consumers, but the state consumes less petroleum per capita than any other state. Despite a long history of crude oil production, New York currently has no significant proved crude oil reserves and produces only a small amount of crude oil.

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Vacant Land Disclosure Statement For Florida