This form of declaration provides notice that the unit owner pools, unitizes, and combines the Unit Leases, including all renewals, extensions, ratifications, and amendments of the Unit Leases and the lands covered by those Leases and the mineral and/or royalty estates in the lands subject to the Leases into a unit for the exploration, development, and production of oil, gas, and associated hydrocarbons (the Unit ).
The California Declaration of Pooled Unit — Long Form is a legal document used in real estate transactions in the state of California. This document is typically employed when several existing or planned units within a development project, such as a condominium complex or a planned unit development (PUD), are to be combined into a single legal entity, referred to as a "pooled unit." The purpose of the California Declaration of Pooled Unit — Long Form is to establish the legal framework for the creation and operation of this pooled unit. It outlines the rights, responsibilities, and restrictions applicable to each individual unit within the pooled unit and the overall management of the development project. Keywords: California Declaration of Pooled Unit, Long Form, real estate transactions, development project, condominium complex, planned unit development, legal document, pooled unit, existing units, planned units, legal entity, pooled unit creation, operation, rights, responsibilities, restrictions, management. Different types of California Declaration of Pooled Unit — Long Form may include variations specific to different types of development projects. For instance, there might be a separate long form for a condominium complex compared to a planned unit development. However, the key elements and concepts covered in the document would likely remain similar, including unit rights, obligations, and management provisions. Additional Terms: Condominium complex declaration, planned unit development declaration, California real estate law, pooled unit specifications, property management provisions.
