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.
Nebraska Express Covenants refer to legally binding agreements or promises made by parties involved in a real estate transaction in the state of Nebraska. These covenants outline specific obligations and restrictions related to the property that the parties agree to abide by. There are several types of Nebraska Express Covenants that may be encountered in real estate transactions: 1. Covenants for Title: These covenants guarantee that the granter (seller) holds a valid and marketable title to the property being conveyed and that it is free from any encumbrances or liens, except as stated in the deed. 2. Covenants of Basin: This covenant ensures that the granter has full ownership and possession rights to the property and has the legal authority to sell or transfer it. 3. Covenant of Quiet Enjoyment: This covenant guarantees that the grantee (buyer) will not face any interference or disturbance in their ownership or possession of the property by the granter or any other third party with a legal claim to the property. 4. Covenant Against Encumbrances: This covenant assures that there are no undisclosed or unrecorded liens, easements, or other encumbrances on the property, apart from those explicitly mentioned in the deed. 5. Covenant for Further Assurance: This covenant obligates the granter to take any necessary future actions to resolve any defects in the title or address any outstanding issues that may arise after the transfer of the property. 6. Covenant of Warranty Forever: This covenant provides an ongoing assurance that the granter will defend the grantee's title against any future claims or legal challenges related to the property's ownership. 7. Covenant of Granter's Acts: This covenant guarantees that the granter has not taken any actions that would diminish the title or impair the grantee's ownership rights. It is important for both the buyer and seller to thoroughly understand and agree upon these Nebraska Express Covenants before finalizing a real estate transaction. These covenants help protect the interests of all parties involved and ensure a smooth transfer of property rights.
