The New Mexico Waiver of Lease Provision by Owner of Surface of Lands is a legal agreement that pertains to the rights and obligations of landowners in New Mexico when it comes to leasing their land for various purposes. This provision is typically included in lease agreements and acts as a waiver by the landowner, granting certain rights and privileges to the lessee. Keywords: New Mexico, waiver of lease provision, owner of surface of lands, landowners, leasing, legal agreement, rights, obligations, lease agreements, lessee. Different types of New Mexico Waiver of Lease Provision by Owner of Surface of Lands can include: 1. Oil and Gas Lease Waiver: Specifically tailored for the leasing of land for oil and gas exploration and extraction purposes. This waiver grants the lessee exclusive rights to explore and exploit the oil and gas resources present on the land. 2. Agricultural Lease Waiver: Geared towards landowners who wish to lease their land for agricultural purposes. This waiver may include provisions related to farming, ranching, grazing, or any other agricultural activities on the land. 3. Commercial Lease Waiver: Designed for landowners who intend to lease their property for commercial purposes such as retail, office spaces, or industrial use. This type of waiver may specify the permitted activities, restrictions, and duration of the lease. 4. Recreational Lease Waiver: Suitable for landowners who want to lease their land for recreational purposes such as hunting, fishing, camping, or hiking. This waiver can outline the permitted activities, access rights, and any potential liabilities for the lessee. 5. Renewable Energy Lease Waiver: Tailored for landowners interested in leasing their land for renewable energy projects, including wind farms, solar energy installations, or hydroelectric plants. This waiver may address specific terms related to the use and maintenance of renewable energy infrastructure. 6. Residential Lease Waiver: Intended for landowners who wish to lease their property for residential purposes, such as renting out houses, apartments, or other residential spaces. This waiver may cover issues like rent payment, maintenance responsibilities, and tenant obligations. It is important to note that these are just a few examples, and the terms and conditions of a New Mexico Waiver of Lease Provision can vary depending on the specific requirements and preferences of the landowner and lessee involved. It is advisable for all parties to seek legal advice and carefully review the provisions before entering into any lease agreement.
New Mexico Waiver of Lease Provision by Owner of Surface of Lands
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FAQ
in clause (or shutin royalty clause) traditionally allows the lessee to maintain the lease by making shutin payments on a well capable of producing oil or gas in paying quantities where the oil or gas cannot be marketed, whether due to a lack of pipeline connection or otherwise.
A person or business that produces oil and gas must obtain an Oil and Gas Reporting Identification Number (OGRID). This is different from a Business Tax Identification Number. For information about obtaining an OGRID, please contact our Oil and Gas Bureau at (505) 827-0812.
Surface Use Agreements are voluntary agreements that govern the working relationship between a mineral owner or lessee and a surface owner regarding the company's surface activities and the disturbed portion of the land during access roads and well sites construction on the land in question.
What is the granting clause? The granting clause is the clause under which the owner of the oil and gas rights leases the oil and gas rights to the oil and gas company along with the right to develop the oil and gas on a specifically described piece of real estate.
The Agricultural Leasing Bureau manages over 3,500 leases on state trust land with 600-900 leases requiring renewals annually. The Bureau issues leases for livestock grazing and cropland production on 8.9 million acres.
The surface use agreement will specify what the oil and gas company or operator can do on the landowner's land in developing the oil and gas, where development can take place, and what compensation the landowner will receive.
SOPA creates an obligation to pay damages where oil and gas operations result in any loss of: land value; agricultural production or income; use; access; or improvements.
By way of background, a ?free use? clause is a provision in an oil/gas lease which gives the lessee the right to use gas produced from the leasehold.
