How can I give my land on rent for petrol pump?

You can grant a lease for petrol pump by drafting a proper lease in which your rights are protected and the rights of other party should also be protected. For proper draft of lease agreement you may contact me.

Can we take petrol pump on lease?

After clearing the above procedure, the land requirement is the most major part of petrol pump dealership procedure. If you do not have any land on your behalf, you can also take land in lease. To set-up an oil pump in Rural Area- The land must be in rural areas but not on the national highways or state highways.

What is the term for someone who rents a property from an owner?

A lessee is a person who rents land or property from a lessor. The lessee is also known as the “tenant” and must uphold specific obligations as defined in the lease agreement and by law.

Should I lease my land to an oil and gas company?

If the landman represents a broker, you may not want to consider a lease with this company as the probabilities may be that the company will not actually develop your land for oil and gas production. This company may only be interested in selling or assigning your lease to an oil and gas company.

What is a pooling clause in an oil and gas lease?

A pooling provision in an oil and gas lease allows the oil and gas company to take all or a portion of the leased land and pool it or place it with other lands into a unit for the development and production of oil and gas. This clause is important.

Is an oil and gas company’s addendum to a lease good?

However, oil and gas companies are now providing their own addendums that add to or change provisions in their own leases. On its face, the oil and gas company’s addendum may appear to be to the landowner’s benefit. However, its addendum should be reviewed.

When does the landowner get the oil and gas lease bonus?

The landowner may expect to receive the bonus at the signing of the oil and gas lease; however, this is normally not the case. Once the lease is signed by the landowner, the lease is then given to the landman who takes it to the oil and gas company.