In the interest of the public welfare and to promote conversation and increase the ultimate recovery of oil, gas, and associated minerals from the Unit and to protect the rights of the owners of interest in the lands included in the Unit, it is deemed necessary and desirable to enter into this Agreement, in conformity with (Applicable Statutory reference), to unitize the Oil and Gas Rights in and to the Unitized Formation in order to conduct a secondary recovery, pressure maintenance, or other recovery program as provided for in this Agreement.
North Carolina Unit Agreement
State:
Multi-State
Control #:
US-OG-775
Format:
Word;
Rich Text
Instant download
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FAQ
For contract formation, the offer and acceptance are essential terms. The offer and acceptance form the agreement between the parties. The offer must be communicated, it must be complete and the offer must be accepted in its exact terms. Mutuality of agreement is a must.
Short answer: North Carolina doesn't allow local governments to limit how much private landlords can charge for rent. Some economists believe rent control policies are misguided, and the state's preemptive ban, passed in 1987, has largely chilled discussions on the topic over the past 30 years.
Is North Carolina Landlord-Friendly? Yes, North Carolina is landlord-friendly, especially given that evictions can be immediate in certain circumstances, and no notice is required to enter the property.
The Residential Rental Agreements Act is set out in G.S. Chapter 42, Sections 38 to 44. This law, which was passed in 1977, re-wrote the common law to provide that landlords must maintain residential rental premises to be fit to live in, and to make clear that a tenant's right to such housing cannot be waived.
North Carolina law says that your landlord must keep your housing fit and safe. It also says that you, the tenant, must pay your rent, keep your home clean, and not damage your home. To make the law work, both the tenant and the landlord must do their part.
North Carolina General Statutes 47G-1 through 47G-7 govern the rent-to-own, or ?option contract? law. There are minimum contract requirements that must be present before the rent-to-own lease agreement is considered valid.
In fact, it could be a great opportunity for those who may not qualify for a traditional mortgage due to credit conditions or debt or who might not yet be ready to own a home. The key to a successful rent-to-own agreement is a clear contract that spells out the details of the arrangement.
Soliciting or receiving any gift, favor, reward, service, or promise of reward, including a promise of future employment, in exchange for recommending, influencing, or attempting to influence the award of a contract by the political subdivision of the State with the not-for-profit with which that public official is ...