This form is an agreement used when the Owner is the owner of oil and gas properties consisting of producing mineral, royalty, overriding royalty, and working interests, and/or leased and unleased nonproducing mineral and royalty interests, all collectively referred to in this Agreement as the Properties. Owner desires to engage the services of Manager to advise and assist Owner in the management of the Properties, and Manager is willing to undertake those responsibilities in accordance with this Agreement.
North Carolina Oil Gas Service Agreement for Management of Properties
Category:
State:
Multi-State
Control #:
US-OG-629
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Oil Gas Service Agreement For Management Of Properties?
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FAQ
The owner of the mineral rights typically has the authority to use the surface of the property in such ways and to such an extent as is reasonably necessary to obtain the minerals under the ground.
A North Carolina rent-to-own lease agreement is between a landlord seeking to rent and give an option to purchase a property to a tenant. The tenant can choose to exercise their option to purchase at any time during the lease term (in ance with the agreement).
The type of contract doesn't make a difference; it can be a sale or exchange, installment land sales contract, option, or lease with option to purchase. There are exemptions to the disclosure requirement, however, for transfers such as those that: carry out a court order, such as for administering an estate.
The State of North Carolina Mineral and Oil and Gas Rights Mandatory Disclosure Statement requires all sellers of a new or existing homes in NC to disclose whether the mineral, oil and gas rights for the property are owned by someone other than the seller. The purpose of this new law is to protect the buyer.
