This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
Arkansas Reservation of A Call on, Or Preferential Right to Purchase Production by Lessor
Category:
State:
Multi-State
Control #:
US-OG-820
Format:
Word;
Rich Text
Instant download
Description
How to fill out Reservation Of A Call On, Or Preferential Right To Purchase Production By Lessor?
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FAQ
The rule followed is generally known as the Strohacker Doctrine, named for the case of Missouri Pacific Railroad Co. v. Strohacker,s in which the Arkansas Supreme Court affirmed a chan- cery court decision that reservations of "coal and mineral deposits" in 1892 and 1893 deeds did not reserve the oil and gas.
In the State of Arkansas when a person sells a piece of property the mineral rights automatically transfer with the surface rights, unless otherwise stated in the deed.
An Arkansas rent-to-own lease agreement is a rental contract between a landlord and tenant that includes an option to purchase the property. The parties will be entered into a landlord-tenant relationship that is protected under State laws.
