Montana Production and Storage Unit Agreement

State:
Multi-State
Control #:
US-OG-1092
Format:
Word; 
Rich Text
Instant download

Description

This form of Agreement may be used to create a Unit for the purposes of producing oil and gas on a pooled unit basis, from existing producing leases.
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FAQ

AN ACT CREATING THE SELF-STORAGE FACILITIES ACT; PROHIBITING RESIDENTIAL USE OF A SELF-STORAGE FACILITY; ALLOWING OPERATOR INSPECTIONS; PROVIDING FOR AN OPERATOR'S LIEN; PROVIDING FOR DEFAULT BY A RENTER AND SALE BY AN OPERATOR; PROVIDING FOR RENTER'S RIGHTS; PROVIDING DEFINITIONS; AND REPEALING SECTION 70-6-420, MCA.

A Montana month-to-month rental agreement is a lease between a landlord and tenant for the renting of property without an end date. The only way to terminate or change the lease is to provide notice of at least thirty (30) days or the notice period in the agreement, whichever is longer.

Self-Storage Unit means premises that consist of individual enclosed compartments for storing goods or materials (other than hazardous or offensive goods or materials).

Section 3. Licensure of operators -- rulemaking. (1) An operator must hold a limited lines insurance producer license in order to sell or offer self-storage insurance coverage.

Self storage (a shorthand for "self-service storage," and also known as "device storage") is an industry that rents storage space (such as rooms, lockers, containers, and/or outdoor space), also known as "storage units," to tenants, usually on a short-term basis (often month-to-month).

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Montana Production and Storage Unit Agreement