Maryland Audit of Lessee's Books and Records

State:
Multi-State
Control #:
US-OG-782
Format:
Word; 
Rich Text
Instant download

Description

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.

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FAQ

Rule 11-111 - CONTROLLING CONDUCT (a)Authority On its own initiative or on application or motion of a party, the court may direct, restrain, or otherwise control the conduct of any person properly before the court in ance with the provisions of Code, Courts Article, § 3-821 or § 3-8A-26.

(a) All common profits shall be disbursed to the unit owners, be credited to their assessments for common expenses in proportion to their percentage interests in common profits and common expenses, or be used for any other purpose as the council of unit owners decides.

Section 11-114 of the Maryland Condominium Act states that the council of unit owners is required to maintain insurance ?[f]or property and casualty losses to the common elements and the units, exclusive of improvements and betterments installed in the units by the unit owners other than the developer.?

[Previous][Next] §11?116. (a) The council of unit owners shall keep books and records in ance with good accounting practices on a consistent basis.

The Maryland Condominium Act was amended to increase from $5,000 to $10,000 the amount which a unit owner may be required to pay when the cause of fire, water or other casualty damage to units or the common elements originates in that owner's condominium unit.

Section 11-111 - Rules and regulations (a) (1) The council of unit owners or the body delegated in the bylaws of a condominium to carry out the responsibilities of the council of unit owners may adopt rules for the condominium if: (i) Each unit owner is mailed or delivered: 1. A copy of the proposed rule; 2.

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Maryland Audit of Lessee's Books and Records