Miscellaneous Clauses Flashcards
Covenants of Title and Subrogation Clauses
Lessor warrants and agrees to defend title, and agrees lessee has right to discharge any tax, mortgage or other lien on said land, at which point lessor is subrogated to such lien
Drilling and Operations Restrictions
Serves to protect or improve land by limiting drilling operations. Can include things such as use of water wells, fencing or restoration of the premises
Release of Record
Requires a lessee to release a lease that has expired, terminated or been forfeited
Removal of Fixtures
Lessee may at any time remove all fixtures and property placed by lessee on said land, including right to draw and remove all casing
Surrender Clause
Lessee has right at any time, without lessor’s consent to surrender all or any portion of the leased premises and be relieved of all obligations.
Pugh Clause
At expiration of the primary term, any non-producing areas, either vertical or horizontal, are severed from the estate and revert to the original owner