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.
Michigan Reservation of Additional Interests in Production
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State:
Multi-State
Control #:
US-OG-819
Format:
Word;
Rich Text
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How to fill out Reservation Of Additional Interests In Production?
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AN ACT to regulate the division of land; to promote the public health, safety, and general welfare; to further the orderly layout and use of land; to require that the land be suitable for building sites and public improvements and that there be adequate drainage of the land; to provide for proper ingress and egress to ...
AN ACT to provide for the organization and regulation of limited liability companies; to prescribe their duties, rights, powers, immunities, and liabilities; to prescribe the powers and duties of certain state departments and agencies; and to provide for penalties and remedies.
Section 108 of the Michigan Land Division Act, MCL 560.108, provides, among other requirements, that a ?division? may result in a maximum of the following number of parcels: (a) for the first 10 acres or fraction thereof in the parent parcel or parent tract, 4 parcels; (b) for each whole 10 acres in excess of the first ...
A statutory formula in Section 108 specifies the maximum number of splits that are permitted from a ?parent parcel? without platting. Bonus lots are permitted for shared access and preservation of open space. Minimum standards for lot size, width-to-depth ratio and relationship to access are provided by statute.
554.134 Termination of estate at will or by sufferance or tenancy from year to year.
Minimum lot sizes shall not be less than 12,000 square feet in any subdivision unless there is connection to public water and a public sewer system.
Mineral rights can expire if the owner does not renew them or if they go unclaimed for a certain period of time. Mineral rights can also be sold, fractionalized, or transferred through gifting or inheritance.
109. (1) A municipality shall approve or disapprove a proposed division within 45 days after the filing of a complete application for the proposed division with the assessor or other municipally designated official.