District of Columbia Lease Option Agreement Covering A Large Area

State:
Multi-State
Control #:
US-OG-683
Format:
Word; 
Rich Text
Instant download

Description

The Parties desire to enter into this Agreement to provide for the exploration, development, and production or oil and gas and certain other substances from lands in which Owner claims, or may own, an interest.
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  • Preview Lease Option Agreement Covering A Large Area
  • Preview Lease Option Agreement Covering A Large Area
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FAQ

(29A) "Rent charged" means the entire amount of money, money's worth, benefit, bonus, or gratuity a tenant must actually pay to a housing provider as a condition of occupancy or use of a rental unit, its related services, and its related facilities, pursuant to the Rent Stabilization Program.

When notice to quit not necessary. When real estate is leased for a certain term no notice to quit shall be necessary, but the landlord shall be entitled to the possession, without such notice, immediately upon the expiration of the term.

THE RENTAL HOUSING ACT (Statutory Law) The Rental Housing Act of 1985, as amended, effective July 17, 1985 (D.C. Law 6-10; D.C. Official Code § 42-3501.01 et seq). (?Act?), provides the statutory framework for the Rental Housing Commission, and the District's rent stabilization program.

No owner shall place (or cause to be placed) in a lease or rental agreement a provision waiving the right of a tenant of residential premises to a jury trial, or requiring that the tenant pay the owner's court costs or legal fees, or authorizing a person other than the tenant to confess judgment against a tenant.

In general, a tenant's rent should not go up by more than 8.9% this year, unless the housing provider has special approval. If a tenant is 62 or older or has a disability, the rent should not go up by more than 5%, unless the housing provider has special approval.

AA diplomatic clause in a lease allows a diplomat who is ordered overseas to break the lease. Surprising as it may seem that apartment management companies in the Washington area have not heard of diplomatic clauses, it makes sense because such clauses are not common.

(A) The sales price contained in the offer of sale shall be less than or equal to a price and other material terms comparable to that at which a willing seller and a willing buyer would sell and purchase the housing accommodation, or the appraised value of the housing accommodation as determined by this subsection.

In the District, a landlord may evict a tenant only for a reason specified in section 501 of the Rental Housing Act of 1985. (D.C. Official Code § 42-3505.01(a) - (j)). Section 501(a): Nonpayment of rent (a copy of the ?Notice to Vacate? does not need to be served on the Rent Administrator, all other NTVs do).

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District of Columbia Lease Option Agreement Covering A Large Area