Lease Termination

The information contained herein is provided “as is,” is for educational
and information purposes only, and does not provide legal advice on
any specific legal matter or factual situation. Legal advice is dependent
on the specific circumstances of each situation, so some information
may not be correct for your situation. This information is not intended
to create or provide a lawyer-client relationship. No one should act on
this advice without seeking professional counsel. This information is
not soliciting clients for legal work. This information is provided at
your sole risk. There is no warranty of any kind, express or implied.
Therefore, this information is not a substitute for and cannot replace
the advice of your own legal counsel. If you choose to hire a lawyer, be sure that lawyer has specific and extensive experience in negotiating gas leases.

These materials were developed by GDACC and Fleased gratefully acknowledges their willingness to share them.

Is there a gas lease on your land that is about to expire?  If so, we urge you to stop, consider, and act carefully on your own behalf.

If the expiration date of your lease is near, and you decide that a gas lease does not work for you at this time, do not sign and deposit or cash any check sent by the leasing company, and do not allow anyone to pressure you into leasing again. If you decide to let your lease expire, there are actions you need to take to ensure its expiration.

Although the information was compiled by an experienced environmental attorney, and can legally be used to effectively terminate an expired lease, you may want to consult your own attorney before taking action.

The Lease Termination Packet linked on the “Resources” page contains:

A)  instructions on how to use the information to put a legal end to your expired lease

B) excerpts of the appropriate sections of the New York General Obligations Law 15-404

C) sample Notice Letter,

D) sample Affidavit of Service

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.