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.
Montana Assignments of the Lease
Category:
State:
Multi-State
Control #:
US-OG-781
Format:
Word;
Rich Text
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FAQ
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.
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.
Once the landlord's consent has been obtained, the tenant and assignee can enter into a deed of assignment to transfer the lease to the assignee. If the lease is registered at the Land Registry the assignee will then need to register the assignment at the Land Registry.
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.
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.
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.
'Assigning' a lease simply means transferring your lease to another person so that they become the new tenant. Once the assignment has taken place the lease continues to exist and the new tenant becomes liable for all of the tenant's obligations in the lease.
