Indiana Memorandum Giving Notice of Existence of Agreement for Exploration and Development of Leases

State:
Multi-State
Control #:
US-OG-345
Format:
Word; 
Rich Text
Instant download

Description

This is a form of a memo used to give notice of the existence of an Agreement that grants a Party certain exploration and development rights on Leases and contains provisions which create overriding royalty interests and reversionary working interests in a Party.

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FAQ

An Indiana month-to-month rental agreement is a residential lease between a landlord and tenant that has no end date. The agreement only terminates when notice has been given to either the landlord or tenant of at least one (1) month's notice or the time period mentioned in the agreement, whichever is longer.

Hear this out loud PauseIn Indiana, the maximum duration of a residential lease agreement is three (3) years. Leases longer than three years must meet certain additional requirements. Leases longer than three years must be written.

A lease is a legal, binding contract outlining the terms under which one party agrees to rent property owned by another party. It guarantees the tenant or lessee use of the property and guarantees the property owner or landlord regular payments for a specified period in exchange.

Here is an example of a rent amount clause in a lease: "The Tenant agrees to pay $12,000 as rent, to be paid as follows: $1,000 per month, due on the 1st day of each month. Payment of the first month's rent and any security deposit is due upon the signing of this Lease by the Tenant.

Hear this out loud PauseYour landlord cannot turn off your utilities. You have the right to privacy in the rental premises. Your lease agreement likely says when your landlord may come into your home.

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Indiana Memorandum Giving Notice of Existence of Agreement for Exploration and Development of Leases