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Ohio Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor

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Multi-State
Control #:
US-OG-572
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The Affidavit states that the Primary Term of a Lease is Not Extended by Additional Bonus Payment.

Title: Understanding the Ohio Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor Description: In Ohio, the "Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor" is a legally binding document that clarifies and establishes the duration of a lease agreement between a lessor (landlord) and lessee (tenant). This affidavit ensures that an additional bonus payment made by the lessor does not extend the primary term of the lease beyond its stipulated duration. Keywords: Ohio, Affidavit, Primary Term, Lease, Not Extended, Additional Bonus Payment, Lessor Ohio Affidavit Types: 1. Ohio Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor — This affidavit specifically addresses situations where the lessor offers an additional bonus payment or consideration to the lessee, ensuring that it will not extend the primary term of the lease agreement. 2. Ohio Lease Expiry Affidavit — This affidavit certifies the expiration of a lease agreement, including the primary term, and clarifies that no extension or renewal of the lease has occurred concerning the primary term through any additional bonus payment. 3. Ohio Lease Modification Affidavit — This type of affidavit may be utilized when there is a need to modify specific terms of a lease agreement, except those related to the primary term, which remains unaffected even if an additional bonus payment is made by the lessor. 4. Ohio Lease Renewal Affidavit — This affidavit confirms the renewal of a lease agreement for an extended period, explicitly addressing the primary term of the lease, in contrast to the Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor, where no extension occurred. By clearly differentiating between these various affidavit types, Ohio ensures transparency in lease agreements, safeguarding the rights and obligations of both the lessor and lessee. It is essential to consult legal professionals or attorneys specializing in real estate law to draft and execute the Ohio Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor accurately. As laws may vary, seeking legal advice helps ensure compliance and protection against any potential disputes that may arise concerning lease terms and related bonus payments in Ohio.

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By providing this affidavit, the lessee verifies that any additional bonus payment made to the lessor does not affect the original lease term. Different types ... How to fill out Affidavit That Primary Term Of Lease Not Extended By Additional Bonus Payment By Lessor? When it comes to drafting a legal document, it's ...Add the Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor for redacting. Click the New Document button above, then drag ... unit during the primary term, the entire leasehold is “held by production” and extended into ... Lessor notice, or pay the additional bonus payment. The lease ... ... the land is located of the lessor's intent to declare the lease forfeited. ... (D) If the lessee or the lessee's successors or assigns do not give such notice in ... Lessee pays Lessor a one-time cash bonus per acre. ▫ Lease bonus payments ... Allows the Lessee to hold a lease past the primary term without actually ... Jan 27, 2023 — Lease with no further delay rental payments or bonus due to Lessor during the Primary Term (as defined below), and that any and all bonuses ... Lessor further agrees that such payment terms and bonus payments are final and that Lessor will not seek to amend or modify the lease payments, or seek ... The defendant lessee maintained that the primary term of the lease was properly extended pursuant to the lease terms because neither the plaintiff nor the prior ... by JB McFarland · Cited by 3 — Most royalty owners would be surprised to know that, under the typical oil and gas lease form, the Lessor may not terminate the lease as a remedy for Lessee's ...

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Ohio Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor