Arizona Consent to Surface Use by Lessor
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FAQ
This form of consent is used when a tenant requests the landlord's consent for an assignment of its lease and the landlord agrees to grant its consent.
In general, these agreements come in two varieties: ?hard? and ?soft.? A hard consent allows a party to decline to consent for any reason (or no reason). A soft consent requires a lessor's consent, but the lessor cannot ?unreasonably withhold? that consent.
What is the granting clause? The granting clause is the clause under which the owner of the oil and gas rights leases the oil and gas rights to the oil and gas company along with the right to develop the oil and gas on a specifically described piece of real estate.
ASSIGNMENT: The legal instrument whereby Oil and Gas Leases or Overriding Royalty interests are assigned or conveyed. ASSIGNMENT CLAUSE: A clause in any legal instrument that allows either party to the contract to assign all or part of his or her interest to others.
The consent to assign Such provisions function to limit the ability of one or both parties in an oil and gas lease from assigning their interests under the lease to a third party. To assign one's interest means to transfer one's rights and/or obligations under the lease to a different party.
