In the interest of the public welfare and to promote conversation and increase the ultimate recovery of oil, gas, and associated minerals from the Unit and to protect the rights of the owners of interest in the lands included in the Unit, it is deemed necessary and desirable to enter into this Agreement, in conformity with (Applicable Statutory reference), to unitize the Oil and Gas Rights in and to the Unitized Formation in order to conduct a secondary recovery, pressure maintenance, or other recovery program as provided for in this Agreement.
Tennessee Unit Agreement
State:
Multi-State
Control #:
US-OG-775
Format:
Word;
Rich Text
Instant download
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FAQ
In Tennessee, any contract for the sale of goods valued over $500 must be in writing to be legally binding (the Statute of Frauds). If the sale is for a good that has a price tag of less than $500, there does not need to be a written contract for the transaction to be legally valid.
A Tennessee month-to-month lease agreement allows tenants to lease a rental property. It's a common option when they cannot commit to annual payments, as it establishes a monthly tenancy that renews each time lessees pay rent. This type of lease agreement is also governed by each state's landlord-tenant laws.
A Tennessee month-to-month rental agreement, or ?tenancy-at-will?, is a rental contract that continues until notice has been given by the landlord or tenant. During the lease, each party must abide by its terms and conditions.
You cannot be evicted without notice. The landlord cannot change the locks or shut off your utilities to make you leave. Most of the time, a landlord needs to go to court before evicting you.
Notice of Lease Renewals: In Tennessee, landlords are not required to give notice of lease renewals unless the lease agreement explicitly states otherwise. However, it is a best practice for landlords to remind tenants of upcoming lease expirations and offer renewal options at least 30 days before the lease expires.
In Tennessee, a landlord or tenant may terminate a week-to-week tenancy with at least 10 days' written notice. To end a month-to-month tenancy, the landlord or tenant must provide written notice at least 30 days before the specified termination date.