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Arkansas Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor

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Multi-State
Control #:
US-OG-572
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The Affidavit states that the Primary Term of a Lease is Not Extended by Additional Bonus Payment.

The "Arkansas Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor" is a legal document used in Arkansas to confirm that the primary term of a lease agreement has not been extended by any additional bonus payment provided by the lessor. This affidavit serves as evidence to protect the rights and interests of the lessee. The affidavit typically includes relevant keywords such as: 1. Lease agreement: This refers to the contractual arrangement between the lessor (landowner) and the lessee (tenant) regarding the use and occupation of the property. 2. Primary term: It signifies the initial duration specified in the lease agreement during which the lessee has the right to use and enjoy the leased property. 3. Affidavit: A written statement made under oath, where the affine (the person making the statement) swears or affirms the accuracy of the content provided. 4. Bonus payment: An additional amount paid by the lessor as an incentive or inducement to the lessee, often associated with the extension or modification of the lease agreement beyond its primary term. 5. Lessor: The landowner or property owner who grants the lease rights to the lessee. 6. Lessee: The individual or entity who takes possession and obtains the right to use the leased property from the lessor. Different types or versions of the "Arkansas Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor" may exist, but their core purpose remains the same. Variations may occur based on specific lease conditions, property types (residential, commercial, agricultural, etc.), or any additional clauses included in the lease agreement. It is important to consult with a legal professional to ensure that the affidavit is accurately drafted as per the applicable Arkansas laws and regulations.

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Make confident the form meets all the necessary state requirements. If possible preview it and read the description prior to buying it. Press Buy Now. Select ... Add the Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor for redacting. Click the New Document button above, then drag ...The mineral lease will remain valid as long as the production royalties are paid to the Lessor as outlined in the mineral lease agreement. • Shut-In Royalty. If ... by CA Morgan · Cited by 2 — THE LEASE. 12.1. In addition to the cash bonus which has been paid to. Lessor ... Lessee may extend the primary term of this Lease by electing to increase the ... Gross wages from employment, contract labor, etc. 3.2. Bonuses or incentive pay not ... complete and exchange this six-page affidavit at least three days before a ... This lease, which is a "paid-up" lease requiring no rentals, shall be in force for a primary term of five (5) years from the date hereof, and for as long ... by JH Kemp · 1982 · Cited by 8 — First, a two-party top leasing situation can be described as follows: B (lessee) owns an oil and gas lease covering the mineral estate of A (lessor). The lease ... (If more than one employer, fill out and attach multiple copies of this worksheet). EMPLOYER: Address: Telephone #:. 3. Gross Wages per pay period:. Jan 5, 2012 — They argue that the bank drafts are merely the method of payment of the cash bonuses referenced in the lease agreements and that Arrington is ... Bonus: a form of consideration paid to the Lessor in connection with the execution of an Oil and Gas Lease that is in addition to any Royalty granted to the ...

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Arkansas Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor