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.
In New Hampshire, the Termination of Lease as to Part of Lands refers to the legal process through which a lease agreement for a portion of a property is terminated. This termination can occur due to various reasons, such as changes in land use, property development, or other circumstances that render a specific portion of the land unsuitable for leasing. There are several types of Termination of Lease As to Part of Lands in New Hampshire, each with its own specific requirements and procedures. Some common types include: 1. Termination by Mutual Agreement: This type of termination occurs when both the landlord and the tenant agree to terminate the lease for a specific portion of the land. Both parties must reach a consensus and document their agreement in writing, outlining the details of the termination, including any financial obligations or conditions. 2. Termination Due to Breach of Lease: If a tenant breaches the terms of the lease agreement, such as failing to pay rent or violating other contractual obligations, the landlord may have grounds to terminate the lease as to part of the lands. However, the termination should be in accordance with the applicable laws and regulations to prevent any legal disputes. 3. Termination Due to Impossibility of Performance: In certain situations, such as natural disasters, condemnations, or eminent domain actions, the performance of a lease agreement may become impossible. In such cases, either the landlord or the tenant can initiate the termination process based on the impossibility of fulfilling the contractual obligations. 4. Termination by Notice: Some lease agreements may provide clauses that allow termination by providing advance notice. In such cases, either the landlord or the tenant can terminate the lease for a specific portion of the lands by serving a written notice within the specified timeframe as agreed upon in the lease agreement. It is crucial for both landlords and tenants to understand the specific procedures, requirements, and rights associated with the termination of lease as to part of lands in New Hampshire. Seeking legal advice or consulting the relevant statutes and regulations is highly recommended ensuring compliance and avoid any potential legal complications.
