Texas Delay Rental Payment Agreement for Multiple Owners Directing Payment of Rentals Provided For in A Lease to An Agent
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FAQ
A clause in an oil & gas lease that allows the lessee to pay an amount (delay rental) to the lessor to postpone commencement of drilling operations during the primary term of the lease to keep it in effect.
Texas leases typically also include other provisions detailing the terms of the rental agreement, such as details on the rent due, a description of the property being rented and information on the duration of the lease term.
A clause in an oil & gas lease that allows the lessee to pay an amount (delay rental) to the lessor to postpone commencement of drilling operations during the primary term of the lease to keep it in effect.
