Montana Lease Option Agreement Covering A Large Area

State:
Multi-State
Control #:
US-OG-683
Format:
Word; 
Rich Text
Instant download

Description

The Parties desire to enter into this Agreement to provide for the exploration, development, and production or oil and gas and certain other substances from lands in which Owner claims, or may own, an interest.
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  • Preview Lease Option Agreement Covering A Large Area
  • Preview Lease Option Agreement Covering A Large Area
  • Preview Lease Option Agreement Covering A Large Area
  • Preview Lease Option Agreement Covering A Large Area
  • Preview Lease Option Agreement Covering A Large Area
  • Preview Lease Option Agreement Covering A Large Area
  • Preview Lease Option Agreement Covering A Large Area

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FAQ

State Leased Property These are ?State-Leased? properties. These is real estate where you don't own the land, the State of Montana does. The purchase price is for only the improvements on the property, like a cabin, outbuilding or dock and then you ?rent? the land underneath.

Per-acre cash lease rates: This year the all-cropland average rose to $37.50 per acre, up from $36 the year before. Non-irrigated cropland increased from $29 to $31 per acre. Pasture land increased from $7.20 to $7.80.

Dispersed camping on state trust land is allowed with your state lands recreational use license. Camping that is incidental to hunting or fishing is permitted through your conservation license, and no additional permitting is required. Group camping requires a special recreational use license.

In essence, the difference between an offer to lease and a lease is that a signed offer to lease is a tenant and landlord saying, ?we agree to terms on a lease.? Some landlords and tenants in fact treat an offer to lease as a final lease.

Legally accessible State Trust Lands can be accessed by public roads, public easements, public waters that are recreationally navigable under the Stream Access Law, by adjacent federal, state, county, or municipal land that is open to public use, or by permission of an adjacent private landowner.

If a lease is a "paid-up" lease, then the lease will remain in effect during the entire primary term with no further payments to the Lessor unless and until actual production of oil or gas is established.

A land lease can benefit both the landowner and the tenants and can be a great alternative to a more traditional lease. Most land leases range between 50 and 99 years and are passed down through families.

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.

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Montana Lease Option Agreement Covering A Large Area