In the interest of the public welfare and to promote conversation and increase the ultimate recovery of oil, gas, and associated minerals from the Unit and to protect the rights of the owners of interest in the lands included in the Unit, it is deemed necessary and desirable to enter into this Agreement, in conformity with (Applicable Statutory reference), to unitize the Oil and Gas Rights in and to the Unitized Formation in order to conduct a secondary recovery, pressure maintenance, or other recovery program as provided for in this Agreement.
Kentucky Unit Agreement
State:
Multi-State
Control #:
US-OG-775
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Unit Agreement?
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FAQ
A Kentucky rent-to-own lease agreement is a lease that offers the tenant an option to purchase the property. The terms are similar to a standard lease with the addition of a purchase option. During the lease, the tenant will have to decide to buy or the lease will end on the expiration date.
The landlord cannot increase the rent, decrease the services provided, or evict a tenant for asking that repairs be made or for notifying Code Enforcement of defects in the property. 3. The right to a rental unit that is habitable and compliant with all building and housing codes (KRS 383.595).
A Kentucky rent-to-own agreement is a rental lease that includes conditions whereby the tenant can purchase the landlord's property. This type of arrangement allows tenants to move into a potential home as a renter while they raise the necessary financial profile to become its owner.
Rent Increases: Rent control is banned in Kentucky (KRS § 65.875). Late Fees: There is no statutory limit on late fees in Kentucky.
LEXINGTON, Ky. ? Kentucky Tenants is pushing for Lexington to adopt a Tenants' Bill of Rights. The bill of rights has four parts to it: eviction prevention, antidiscrimination, representation and accountability.
A Kentucky month-to-month rental agreement, sometimes known as a ?tenancy-at-will,? is an agreement that may be terminated at any time between the landlord and tenant with 30 days' notice. The agreement has no end date which means the only way for the lease to end is with termination by either the landlord or tenant.