North Carolina Designation of Unit

State:
Multi-State
Control #:
US-OG-366
Format:
Word; 
Rich Text
Instant download

Description

This form is used by the owners of leases insofar as the Leases cover certain lands to pool, consolidate, combine, and unitize the Leases, and the leasehold rights, overriding royalty and royalty interests in the Leases.
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FAQ

Unit ownership may be created by an owner or the co-owners of a building by an express declaration of their intention to submit such property to the provisions of the Article, which declaration shall be recorded in the office of the register of deeds of the county in which the property is situated.

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North Carolina Designation of Unit