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

State:
Multi-State
Control #:
US-OG-572
Format:
Word; 
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Description

The Affidavit states that the Primary Term of a Lease is Not Extended by Additional Bonus Payment.

Title: Understanding the Texas Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor Description: A Texas Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor is a legal document used in Texas to establish and confirm that the primary term of a lease agreement has not been extended due to the acceptance of an additional bonus payment by the lessor. This detailed description will provide an overview of this affidavit and also highlight any different types of such affidavits. Keywords: — TexaAffidavitvi— - Primary Term of Lease — Additional BonuPaymenten— - Lessor - Lease Agreement Types of Texas Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor: 1. General Affidavit: A general affidavit is a common type of affidavit used to state that the primary term of a lease agreement has not been extended by any additional bonus payment made by the lessor. 2. Specific Property Affidavit: In cases where the lease agreement is specific to a particular property, a specific property affidavit is utilized to declare that the primary term of the lease has not been extended by any additional bonus payment made by the lessor. How to Create a Texas Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor: 1. Begin by stating the name and contact information of the lessor and lessee. 2. Clearly identify the lease agreement being referenced, including the property details and lease term. 3. State the specific clause or provision in the lease agreement that addresses the primary term and bonus payment. 4. Declare that the primary term of the lease has not been extended by any additional bonus payment made by the lessor. 5. Include a statement affirming that the information provided is true and accurate. 6. Sign and date the affidavit in the presence of a notary public or other authorized party. 7. Distribute copies of the executed affidavit to all relevant parties involved, including the lessor, lessee, and any other interested parties. Importance of a Texas Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor: — Provides legal protection: The affidavit serves as solid evidence in the event of any lease disputes or legal issues regarding the extension of the primary term due to an additional bonus payment. — Clarifies lease terms: By confirming that the lease term has not been altered, the affidavit ensures both parties are aware of their rights and responsibilities as outlined in the original lease agreement. — Establishes transparency: This affidavit acts as a mutual understanding between the lessor and lessee, assuring transparency and trust between the involved parties. In conclusion, the Texas Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor is a crucial legal document that serves to establish that the primary term of a lease agreement has not been extended by accepting any additional bonus payment. It is essential for both lessors and lessees involved to understand and acknowledge the importance of this affidavit to avoid any potential disputes in the future.

How to fill out Affidavit That Primary Term Of Lease Not Extended By Additional Bonus Payment By Lessor?

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... Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor ... extended by any additional bonus payment made by the lessor (landlord) ... The Travis Texas Affidavit is designed to protect the tenant's rights and ensure that any additional bonus payment made by the lessor does not alter or extend ...Any leased minerals taken in kind shall be loaded at LESSEE's expense upon the transportation provided by LESSOR at "the mine". The COMMISSIONER may, at the ... Lessor accepts the bonus as lump sum consideration for this lease and all rights and options hereunder. 2. Primary Term: This lease, which is a “paid up ... 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 ... Dec 10, 2009 — The wording in the lease are as follow: “Lessor in consideration of the royalties herein provided, does hereby grant, lease and let unto Lessee ... Oct 18, 2021 — For example, in addition to the royalty interest, the lessor may receive a bonus for executing the lease, the amount of which is rarely defined ... The affidavit must state facts showing that the landlord has made and is making diligent efforts to repair the condition, and it must contain dates, names, ... ... long thereafter as oil or gas is produced in paying quantities from the premises; provided, further, that this lease shall not be extended for more than a ... 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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Texas Affidavit That Primary Term of Lease Not Extended by Additional Bonus Payment by Lessor