Missouri Information to Be Furnished to Lessor

State:
Multi-State
Control #:
US-OG-802
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

A tenancy at will or by sufferance, or for less than one year, may be terminated by the person entitled to the possession by giving one month's notice, in writing, to the person in possession, requiring the person in possession to vacate the premises.

Landlords should: Make property habitable before tenants move in. Make and pay for repairs due to ordinary wear and tear. Refrain from turning off a tenant's water, electricity or gas. Provide written notice to tenants when ownership of the property is transferred to a new landlord.

Landlords should: Make property habitable before tenants move in. Make and pay for repairs due to ordinary wear and tear. Refrain from turning off a tenant's water, electricity or gas. Provide written notice to tenants when ownership of the property is transferred to a new landlord.

An oral agreement obligates the landlord and tenant for only one month. A landlord can evict the tenant or raise rent with only one month's notice. Likewise, the tenant can give notice to vacate on one month's notice. (One month's notice means a full calendar month, and must include a full rental period.

? 1. A landlord may not demand or receive a security deposit in excess of two months' rent. 2. All security deposits shall be held by the landlord for the tenant, who is a party to the rental agreement, in a bank, credit union, or depository institution which is insured by an agency of the federal government.

Cons: Insecurity: Tenants may face sudden eviction with a short notice period, which can be stressful and costly due to the need to find a new location quickly. Tenants may not be able to negotiate a favorable lease at a new location due to the time pressure, and changing locations is detrimental to customer traffic.

In some cases, St. Louis area tenants have the right to refuse the landlord access to their home. In Missouri, tenants can keep landlords out if there is nothing in their lease saying they must give them access.

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Missouri Information to Be Furnished to Lessor