This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.
West Virginia Express Covenants refer to legally binding agreements and promises made by parties involved in real estate transactions in the state of West Virginia. These covenants are often included in property deeds to outline specific obligations, restrictions, and rights associated with the property. In West Virginia, there are various types of express covenants that can be encountered during real estate transactions. These include: 1. Covenant of Basin: This type of covenant guarantees that the seller or granter has legal ownership of the property and has the right to transfer the title to the buyer or grantee. 2. Covenant of the Right to Convey: This covenant assures that the seller or granter has the legal authority to sell or transfer the property. 3. Covenant Against Encumbrances: This covenant confirms that there are no undisclosed liens, mortgages, or any other encumbrances on the property, except as explicitly mentioned in the deed. 4. Covenant of Quiet Enjoyment: This covenant ensures that the buyer or grantee will not be disturbed in their possession or use of the property by any third-party claims or legal issues arising after the transfer of title. 5. Covenant of Warranty: This is a broad covenant that guarantees the buyer or grantee that the seller or granter will defend their title against any future claims and compensate for any losses incurred due to defects in the title. 6. Covenant for Further Assurance: This covenant obligates the seller or granter to take any necessary actions to rectify any defects in the title, if discovered after the conveyance, or to perfect the grantee's title. 7. Covenant of Quiet Title: This covenant asserts that there are no adverse claims or disputes over the title to the property, and the grantee will have complete and peaceful ownership. It is important to note that the specific language and inclusion of these express covenants may vary from one real estate transaction to another. They serve to provide legal protection, establish rights and obligations, and ensure a clear and marketable title for the buyer or grantee.
