This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
The District of Columbia Reservation of A Call on, Or Preferential Right to Purchase Production by Lessor is a legal provision included in lease agreements within the District of Columbia jurisdiction. This means that the lessor (landlord) reserves the right to either purchase the production from the property or have the first opportunity to do so, giving them priority over other potential buyers. This reservation is designed to protect the lessor's interest in the leased property and ensure they have the opportunity to benefit from any valuable production that may occur on the premises. It can apply to various types of leases, including those for oil, gas, minerals, or other natural resources. Keywords: District of Columbia, Reservation of A Call on, Preferential Right to Purchase Production, Lessor, lease agreement, priority, potential buyers, protect, leased property, valuable production, oil, gas, minerals, natural resources. Different types of District of Columbia Reservation of A Call on, Or Preferential Right to Purchase Production by Lessor may include: 1. Oil and Gas Lease Reservation: In this type of reservation, the lessor retains the right to purchase any oil or gas produced from the leased property, giving them the first opportunity to buy before the lessee (tenant) can sell to third parties. 2. Mineral Lease Reservation: This reservation grants the lessor the preferential right to purchase any minerals extracted from the property, such as coal, gold, or silver. It ensures that the lessor can benefit from these valuable resources. 3. Natural Resource Lease Reservation: This type of reservation covers a broader range of natural resources, including timber, water, or any other resource that can be extracted or utilized. The lessor reserves the right to purchase or utilize these resources before others. 4. Production Rights Reservation: In some cases, the lessor may reserve the right to purchase or control the production from the property, regardless of the specific type of resource involved. This type of reservation gives the lessor flexibility and control over any profitable production activities. Overall, the District of Columbia Reservation of A Call on, Or Preferential Right to Purchase Production by Lessor ensures that the lessor has the first opportunity to benefit from any valuable production on their leased property. It protects their interests and allows them to take advantage of potential revenue streams from various natural resources.
