Express Covenants
What is this form?
The Express Covenants form is a lease rider that allows lessors to add specific provisions to an Oil and Gas Lease. This form addresses any particular concerns that the lessor may have regarding the rights granted to the lessee in the standard lease agreement. By using this form, you can customize your lease to better align with your expectations and protect your interests.
What’s included in this form
- Additional covenants that establish specific terms between lessor and lessee.
- Clauses that clarify rights and responsibilities of each party.
- Provisions to limit certain rights granted in the standard lease form.
- Language that ensures implied covenants remain intact and enforceable.
Situations where this form applies
This form is useful when a lessor wants to modify a standard Oil and Gas Lease. If you have specific concerns or conditions that you believe should be explicitly stated in the lease, the Express Covenants form allows you to do so effectively. It is particularly beneficial for lessors wanting to secure additional protections or limitations within their leasing agreements.
Who this form is for
- Lessors who are negotiating an Oil and Gas Lease with a lessee.
- Property owners looking to customize lease agreements to fit their specific needs.
- Individuals who want to ensure their rights are protected under the lease terms.
How to complete this form
- Identify the parties involved, including the lessor and lessee.
- Specify the property that is subject to the Oil and Gas Lease.
- Detail any specific provisions or limitations you want to include.
- Review the form to ensure all necessary information is included.
- Sign and date the form as required.
Notarization guidance
In most cases, this form does not require notarization. However, some jurisdictions or signing circumstances might. US Legal Forms offers online notarization powered by Notarize, accessible 24/7 for a quick, remote process.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Mistakes to watch out for
- Failing to specify all additional provisions that are important to you.
- Not reviewing the standard lease terms before adding covenants.
- Overlooking the need for clear language that can be easily understood.
Benefits of completing this form online
- Convenience of accessing and downloading the form from anywhere.
- Ability to edit the form to suit your specific needs before printing.
- Guidance and templates drafted by licensed attorneys ensure reliability.
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FAQ
Covenants usually arise in a contractual agreement between the buyer and seller of the land. So long as the covenant is correctly worded to 'attach' to the land itself, it continues to apply if the land is sold on, unless it has been modified or discharged. Covenants are legally binding and enforceable by the court.
What Is A Restrictive Covenant? A restrictive covenant is a document registered at the Alberta Land Titles Office. Essentially, the document includes an agreement between the owners of two or more properties. In some instances, the same person or company owns all the pieces of land to which the restriction is applied.
Limitations On Home Color. Rent And Lease Restrictions. Restrictions On Business Usage. Limitations On Permissible Pets. Requirements For Exterior Maintenance. Restrictions On Exterior Constructions.
Restrictive covenants may contain 4 different types of promises: (1) a promise not to compete with one's former employer; (2) a promise not to solicit or accept business from customers of the former employer; (3) a promise not to recruit or hire away employees of the former employer; and (4) the promise not to use or
An agreement, contract, or written promise between two individuals that frequently constitutes a pledge to do or refrain from doing something. There are two major categories of covenants in the law governing real property transactions: covenants running with the land and covenants for title.
A restrictive covenant is an agreement that restricts a company or other party to a contract from engaging in certain actions. For example, a restrictive covenant entered into with a public company might limit the amount of dividends the firm can pay its shareholders.
A restrictive covenant creates a deed restricted community. It is an agreement that states what a homeowner can or cannot do with their house or land. They are binding legal obligations which sellers write into the deed or contract of the property, and they can have penalties against buyers who fail to follow them.
Requirements in US Law The covenant will typically be written in the deed, and must be in writing due to the statute of frauds.The covenant must be in writing to satisfy the Statute of Frauds. The original parties to the agreement must have intended that successors be bound by the agreement.
How long do covenants last? Most covenants will remain on the land forever however it is becoming more common now to see a date (say 10 years) after which certain covenants will no longer apply. A covenant can normally only be removed with the consent of the land owner(s) having the benefit of the covenant.
