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US Legal Forms
Localized Forms
Texas
Austin
Affidavit of Non-Development and Non-Production

Austin Texas Affidavit of Non-Development and Non-Production

Category:

Oil Gas and Minerals

State:

Multi-State

City:

Austin

Control #:

US-S061ST

Format:

Word;

Rich Text

Instant download

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Description

If evidence is needed that there has been no production or operations on a lease, this Affidavit provides those facts.

Free preview

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Interesting Questions

How long is the affidavit valid?

The affidavit generally remains in effect until it's formally canceled or the conditions outlined in it change.

Can anyone challenge the affidavit once it's filed?

Yes, it's possible for someone to challenge the affidavit if they believe it affects their interests or property rights.

Are there any consequences for not filing this affidavit?

If you don’t file this affidavit and later want to sell the property, you might run into confusion or disputes with potential buyers about what can be done with the land.

Who should consider filing this affidavit?

Landowners or property developers who want to limit future developments or maintain a certain use for their land should think about filing this affidavit.

How does this affect property value?

It can keep property values stable because it sets clear expectations about what can and cannot be done on the land.

Why would someone need to file this affidavit?

People file this affidavit to clearly communicate their intentions for the property, which can help avoid any misunderstandings with future buyers or local authorities.

What is an Affidavit of Non-Development and Non-Production in Austin, Texas?

An Affidavit of Non-Development and Non-Production is a legal document stating that a piece of land in Austin won't be developed or have any production activities taking place on it.