New York Survey of Lands included in Producing Or Proration Units

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Multi-State
Control #:
US-OG-831
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Description

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.

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FAQ

Before closing a residential real estate transaction, a buyer should strongly consider obtaining a survey. The primary reason to obtain a survey prior to closing on residential real estate is to confirm that the closing documents describe the correct property.

As a rule of thumb, the person who requests the survey is the one that pays for it. That means if you are selling a property and the buyer wants a survey of your land, they are responsible for paying.

GROUND SURVEYS. Ground surveys are a preliminary first step in gathering critical information that can be used in developing a pipeline proposal. Generally, each property will be visited by various specialists in land, engineering, archeological and environmental sciences.

There is not any real cutoff for how long a survey is good for in New York. In general, you may need a new one if you're selling and refinancing and your last survey is outdated. This can be anywhere between five and ten years. New York law calls for surveyors to keep their files for a minimum of six years.

Most mortgage companies require a property survey to make sure the property is worth the amount of money they're providing in the loan. However, the property survey is not always legally required. Some mortgage companies will be satisfied with title insurance.

You are Buying Property You need to know what you're purchasing. Obtaining a survey may be the most important action you do before you close the deal on any purchase. Only a survey map made by a licensed land surveyor can depict what you are purchasing.

Topographic Survey ? This is a typical survey that is used to locate features such as utilities, roads, embankments, and ditches. It's usually shown as three-dimensional points that feature the property, land features and physical boundary in detail.

You will need a land surveyor in New York because property surveys are not optional. State law requires a study to be conducted before you can close on a new home or another property type.

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New York Survey of Lands included in Producing Or Proration Units