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.
New Mexico Express Covenants, also known as restrictive covenants or servitude, are legal agreements that restrict the use and enjoyment of real property. These covenants are created by the property owner and typically become binding on subsequent owners as well. They are designed to maintain the character, appearance, and usage of a particular area, ensuring consistency and protecting property values. There are various types of New Mexico Express Covenants that serve different purposes. Some common types include: 1. Architectural Covenants: These covenants dictate the aesthetic standards, design guidelines, and architectural styles that must be followed when constructing or modifying a property within a specific neighborhood or development. They aim to create a cohesive appearance and maintain property values. 2. Land Use Covenants: These covenants regulate the allowed uses of the property, such as residential, commercial, or mixed-use. They often specify restrictions on noise levels, signage, parking, and other factors to maintain the intended character of the area. 3. Environmental Covenants: These covenants are focused on preserving and protecting the natural environment. They may prohibit certain activities that could harm the ecosystem, such as excessive tree removal, use of certain chemicals, or environmentally harmful construction practices. 4. Access and Easement Covenants: These covenants govern the access and rights-of-way over a property. They define the scope of shared driveways, common spaces, or utility easements, ensuring proper access and maintenance for all property owners involved. 5. Use Restrictions: These covenants impose specific rules on property usage, such as limitations on running a business from a residential property or prohibiting the installation of certain structures like satellite dishes or fences. 6. Maintenance Covenants: These covenants establish the responsibility for property maintenance and upkeep. They may include requirements for landscaping, exterior appearance, and timely repairs to ensure the overall attractiveness and well-being of the community. New Mexico Express Covenants are typically recorded in a property's deed or established through the creation of a homeowners' association (HOA). These covenants are legally binding and may carry penalties or consequences for violations. It is crucial for property owners to thoroughly understand any covenants before purchasing or altering a property to ensure compliance and avoid potential legal issues.
