Arizona Affidavit of Nondevelopment and Nonproduction with No Recent Production, No Recent Operations

State:
Multi-State
Control #:
US-OG-010
Format:
Word; 
Rich Text
Instant download

Description

This is an affidavit that provides facts of the lack of production and drilling that may be required to maintain an oil and gas lease in effect.

How to fill out Affidavit Of Nondevelopment And Nonproduction With No Recent Production, No Recent Operations?

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FAQ

If seeking personal property, it is not necessary to file the small estate affidavit with the court. Instead, give the completed, signed, notarized form to the person or entity holding the asset to be transferred.

The form alerts buyers to some unique circumstances often associated with purchasing rural, unincorporated land in Arizona. For instance, the affidavit acknowledges whether there is legal access and physical access to the property.

The document contains sworn statements confirmed in the presence of a notary public, and provides notice that the successor has assumed the authority of the preceding trustee relevant to real property held in trust.

This form is used to record the selling price, date of sale and other required information about the sale of property.

Real estate or a debt secured by a lien on real property may be transferred to the successor or successors by affidavit if certain requirements are met. This affidavit must be filed in the county where the decedent was domiciled or, if not domiciled in this state, in the county where the property is located.

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Arizona Affidavit of Nondevelopment and Nonproduction with No Recent Production, No Recent Operations