Pennsylvania Rental Lease Pooling Provision

State:
Pennsylvania
Control #:
PA-OG-002
Format:
Word; 
Rich Text
Instant download

Description

This form is a Pennsylvania Lease agreement wherein Lessor grants, leases, and lets exclusively to Lessee the lands described within for the purposes of conducting seismic and geophysical operations, exploring, drilling, mining, and operating for, producing and owning oil, gas, sulfur, and all other minerals whether or not similar to those mentioned (collectively the oil or gas), and the right to make surveys, lay pipelines, establish and utilize facilities for surface or subsurface disposal of salt water, construct roads and bridges, dig canals, build tanks, power stations, power lines, telephone lines, and other structures on the Lands, necessary or useful in Lessee's operations on the Lands or any other land adjacent to the Lands. This lease form also provides for pooling.

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FAQ

If an issue crops up after a lease has begun, you can still add a clause or addendum. You will just need to send your tenant written notice of the change, preferably with a lease amendment, and then get your tenant's signature on the new amendment.

Lease provisions are usually described as "boilerplate," since many leases use standard language. Boilerplate language in a lease may include the terms of the lease, payment dates, and late fees, among others.

Adding an Addendum An addendum must include the basic elements of any landlord/tenant agreement. You should include the date, the address of the rental property and the names of each party just as you would in the original lease.

The Lease Must be in Writing It does not matter if the lease is handwritten or typed. If the lease is for more than one year, it must be in written form and contain the following terms.

10 Important Rental Lease Clauses. #1 Rent Liability. #2 Severability Clause. #3 Access to Premises. #4 Use of Premises. #5 Holding Over. #6 Sublet Rules. #7 Disturbance Clause.

With Tenant Consent. If the tenant and landlord both agree to the change, the parties can either (1) execute a new lease or rental agreement that includes the new clause, or (2) amend the existing lease or rental agreement. Without Tenant Consent.

An addendum must include the basic elements of any landlord/tenant agreement. You should include the date, the address of the rental property and the names of each party just as you would in the original lease.

A lease addendum allows a landlord or tenant to make changes to a current residential or commercial lease agreement.Once both parties agree and sign, the addendum should be added to the original lease.

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Pennsylvania Rental Lease Pooling Provision