A District of Columbia Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure is a legal clause that pertains to property leases in the District of Columbia, particularly when the lessor (owner of the surface rights) wishes to prevent drilling activities from occurring within a specified distance of a structure located on the leased property. This provision is especially relevant in the context of oil and gas leases or other drilling operations. The purpose of this waiver provision is to protect the lessor's interests, particularly the safety and structural integrity of their buildings or other structures, by preventing potential damages and disturbances caused by drilling activities. By including this provision in a lease agreement, the lessor can maintain control over the use and development of their property while ensuring the preservation of their structures. In the District of Columbia, there might exist different variations of the Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure, tailored to the specific needs and requirements of the lessor. These variations could include: 1. Distance specification: The lessor may stipulate a specific distance that must be maintained between any drilling operations and their structures. This distance can vary depending on the size, type, and intended use of the structure. For example, a residential building may require a larger distance than a small storage shed. 2. Exemptions and exceptions: Certain exemptions or exceptions may be included in the waiver provision. For instance, the waiver may allow drilling activities if the lessor grants permission and establishes specific conditions to safeguard the structure or implements additional safety measures. 3. Duration of the provision: The lease agreement may specify the duration for which the waiver provision is applicable. This could be for the entire duration of the lease or for a certain period, giving the lessor flexibility to revisit or renegotiate the provision in the future. 4. Notice requirements: The lessor may require the lessee (drilling operator) to provide advance notice and detailed plans regarding any proposed drilling activities. This allows the lessor to evaluate and potentially address any concerns related to the proximity of drilling operations to their structures. In summary, a District of Columbia Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure is a crucial clause included in property leases to protect the lessor's structures from potential damages or disturbances caused by drilling activities. Different variations of this provision may exist based on the distance specifications, exemptions, duration, and notice requirements.
District of Columbia Waiver of Lease Provision by Lessor Who Owns Surface, Prohibiting Drilling within Specified Distance of Structure
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How much is a lease for a $45,000 car? Using our calculator, we input a $5,000 down payment, an assumed $25,000 residual value, an interest rate of 7% and a term of 36 months (three years). It resulted in monthly payment of $606 before taxes.
The definition of a lease includes agreements for the hire of an asset which contain a provision giving the hirer an option to acquire title to the asset upon the fulfillment of agreed conditions. These agreements are commonly known as hire purchase agreements. Leases - MCA mca.gov.in ? Ministry ? notification ? pdf mca.gov.in ? Ministry ? notification ? pdf
A lessor is essentially someone who grants a lease to someone else. As such, a lessor is the owner of an asset that is leased under an agreement to a lessee. The lessee makes a one-time payment or a series of periodic payments to the lessor in return for the use of the asset. Lessor: Definition, Types, Vs. Landlord and Lessee - Investopedia investopedia.com ? terms ? lessor investopedia.com ? terms ? lessor
Lease payments work like rental fees you pay for the right to use the owner's asset under specified terms. The lease payment amount includes costs for monthly depreciation, finance charges, and applicable taxes.
Certain lease clauses are prohibited, including waiver of. landlord liability for failing to properly maintain the property. The landlord may not change. the terms of your lease without your agreement. District of Columbia Tenant Bill of Rights dc.gov ? sites ? ota ? publication ? attachments dc.gov ? sites ? ota ? publication ? attachments
The lease term is the non-cancellable period for which the lessee has agreed to lease the asset from the lessor, together with periods covered by options to extend the lease that the lessee is reasonably certain to exercise, and periods covered by options to terminate the lease that the lessee is reasonably certain not ...
Leases and rental agreements usually specify the amount of rent due each month, when and where it's due, acceptable forms of payment, and late fees. Except in areas of rent control, there's no limit on how much rent a landlord can charge. The more popular the area, the more you can expect to pay.
