Texas Natural Resources Code 71.010 – Lease Term
Current as of: 2024 | Check for updates
|
Other versions
(a) No primary term of a lease other than a lease for coal and lignite made under this subchapter may be for a period of more than 10 years from the date of the execution and approval of the lease.
(b) No primary term for a coal and lignite lease made under this subchapter may be for a period of more than 35 years from the date of execution.
Terms Used In Texas Natural Resources Code 71.010
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC