This form of release is used when Lessor releases, relinquishes, and quit claims to the present owners of the Lease all of a Production Payment interest. From and after the Effective Date, the Production Payment interest in the Lease is deemed to have terminated and is no longer a burden on the leasehold estate created by the Lease.
Ohio Release of Production Payment by Lessor
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State:
Multi-State
Control #:
US-OG-400
Format:
Word;
Rich Text
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How to fill out Release Of Production Payment By Lessor?
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FAQ
Under Ohio law all leases that have a term of three (3) years or longer must be signed and notarized to be considered valid and in effect.
The signing shall be acknowledged by the grantor, mortgagor, vendor, or lessor, or by the trustee, before a judge or clerk of a court of record in this state, or a county auditor, county engineer, notary public, or mayor, who shall certify the acknowledgement and subscribe the official's name to the certificate of the ...
Statutory condition is defined in Section 5302.14 of the Revised Code and provides generally that if the mortgagor pays the principal and interest secured by this mortgage, performs the other obligations secured hereby and the conditions of any prior mortgage, pays all the taxes and assessments, maintains insurance ...
Agricultural land, pending sale or disposition, shall not be used for any purpose other than agriculture, and the land shall not be used for agriculture under lease to an individual, trust, corporation, partnership, or other business entity subject to the restrictions under division (B)(1) of this section.
(A) No landlord of residential premises shall initiate any act, including termination of utilities or services, exclusion from the premises, or threat of any unlawful act, against a tenant, or a tenant whose right to possession has terminated, for the purpose of recovering possession of residential premises, other than ...
Section 5301.233 | Mortgage may secure unpaid balances of advances made.
