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SURFACE LEASE WITH SUBSURFACE AGREEMENT NO. STATE OF LOUISIANA PARISH OF WITNESSED THAT, under the provisions of L.R.S. 30:171, 39:11(c), 41:1 and 41:1173, this agreement is entered into by and between

How to fill out surface lease with subsurface

How to fill out surface lease with subsurface?

1. First, gather all relevant information and documentation related to the surface lease and subsurface rights. This includes any existing lease agreements, property maps, and information about the mineral rights or other subsurface resources involved.
2. Review the terms and conditions of the surface lease agreement. Understand the obligations and responsibilities of both parties regarding the use and development of the land. Make sure to clarify any unclear terms or provisions before proceeding.
3. Determine the extent of the subsurface rights that need to be addressed in the lease agreement. This could involve conducting a title search or consulting with legal experts to ensure accuracy and completeness.
4. Clearly define and describe the subsurface rights being leased. Specify the minerals, resources, or other subsurface assets that are included in the lease agreement. Be as specific and detailed as possible to avoid any misunderstandings or conflicts in the future.
5. Include provisions for payment and compensation related to the subsurface rights. Specify the lease payment terms, royalty rates, or any other financial arrangements related to the subsurface resources. Ensure that both parties agree on the payment structure and schedule.
6. Determine the duration of the lease agreement. Specify the starting and ending dates, as well as any possible renewal or termination conditions for the subsurface rights. This will provide clarity and certainty for both parties involved.
7. Discuss the rights and obligations of the lessee and lessor regarding the exploration, development, and extraction of the subsurface resources. Detail any restrictions, environmental considerations, or regulatory requirements that need to be followed during the lease period.
8. Address any liabilities and indemnification clauses related to the subsurface rights. Allocate responsibilities for any environmental or legal issues that may arise during the lease period. Make sure both parties are aware of their obligations and potential risks involved.

Who needs surface lease with subsurface?

1. Landowners who possess the surface rights but do not own the subsurface rights. These individuals or entities might want to lease their surface land to allow for the exploration, development, or extraction of subsurface resources by the lessee.
2. Companies or individuals who hold the subsurface rights and want to access or utilize the land for the exploitation of resources. They need a surface lease agreement to ensure legal access and use of the land to carry out their activities.
3. Government agencies or regulatory bodies that are responsible for overseeing and managing the allocation of subsurface resources. They may require a surface lease agreement to ensure compliance with laws and regulations and to safeguard the interests of all stakeholders involved.

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What is surface lease with subsurface?

Surface lease with subsurface refers to a legal agreement that grants the rights to the surface land as well as the subsurface rights, such as mineral rights.

Who is required to file surface lease with subsurface?

Any party involved in a surface lease with subsurface agreement is required to file the agreement.

How to fill out surface lease with subsurface?

To fill out a surface lease with subsurface agreement, one must include details of the parties involved, the rights granted, and any terms and conditions.

What is the purpose of surface lease with subsurface?

The purpose of a surface lease with subsurface is to outline the rights and responsibilities of the parties involved in the agreement regarding the use of the surface land and subsurface resources.

What information must be reported on surface lease with subsurface?

Information such as the parties involved, the rights granted, the duration of the agreement, and any compensation or royalties must be reported on a surface lease with subsurface.