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.
Sample Surface Lease Agreement With Option To Purchase
Category:
State:
Multi-State
Control #:
US-OG-254
Format:
Word;
Rich Text
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FAQ
No matter the format, an option to purchase must: 1) state the option fee, 2) set the duration of the option period, 3) outline the price for which the tenant will purchase the property in the future, and 4) comply with local and state laws.
What is a lease-option-to-buy? A lease-option is a contract in which a landlord and tenant agree that, at the end of a specified period, the renter can buy the property. The tenant pays an up-front option fee and an additional amount each month that goes toward the eventual down payment.
Yes, Microsoft Word has a free lease agreement template that you can customize to create your own contract and minimize any potential problems between tenant and landlord.
A lease purchase agreement in real estate is a rent-to-own contract between a tenant and a landlord for the former to purchase the property at a later point in time. The renter pays the seller an option fee at an agreed-upon purchase price, giving them exclusive rights to buy the property.
Unlike a sale agreement with seller financing, a lease-option allows the owner to continue to receive tax deductions as the owner. Interest, taxes, maintenance and depreciation may still be deducted against the rent received.
More info
You can purchase the rental property using the RTO contract's purchase option for less than the total of payments. Tenant, at all times during this Lease, shall have access to the Leased Premises in order to install, operate, and maintain its Antenna Facilities.High end build-to-suit leases generally have purchase options. Here it is critical to have the actual owner sign off on the agreement. Negotiating mineral leases or surface use agreements.