Search Results for keywords:"lease termination"

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Search Results: keywords:"lease termination"

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  • 2021-01256 — Proposed Reinstatement of Terminated Oil and Gas Lease NMNM 119276, New Mexico
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    Type:Notice
    Citation:86 FR 6362
    Reading Time:about a minute or two

    The Bureau of Land Management has proposed to reinstate an oil and gas lease in Lea County, New Mexico, originally held by EOG Y Resources Inc. This action follows the lessee's request for reinstatement and payment of owed rentals since the lease termination. The lease will be reinstated under original conditions, with some changes such as increased rental and royalty rates, and the lessee has agreed to these updated terms along with paying necessary administrative and publication fees.

    Simple Explanation

    The Bureau of Land Management wants to give back an oil and gas lease in New Mexico to a company, after they asked nicely and paid what they owed. The rules of the lease will be a bit different now, and the company is okay with those changes.

  • 2024-28861 — 30-Day Notification Requirement Prior To Termination of Lease for Nonpayment of Rent
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    Type:Rule
    Citation:89 FR 101270
    Reading Time:about 3 hours

    The U.S. Department of Housing and Urban Development (HUD) has issued a final rule requiring public housing agencies (PHAs) and owners of properties receiving project-based rental assistance to give tenants a 30-day written notice before beginning eviction procedures for nonpayment of rent. This rule is intended to provide tenants with more time to resolve rent issues and seek assistance, aiming to reduce unnecessary evictions. The rule adopts and expands upon a previous interim final rule, and it allows for certain flexibility in emergencies declared by the President. Compliance with the rule is required by January 13, 2025, with specific conditions for different types of housing programs.

    Simple Explanation

    The new rule says that if someone living in certain types of government-supported housing can't pay their rent, the people in charge of the building have to give them a paper saying they have 30 days to sort things out before they can be kicked out. This is meant to give people more time to get help and try to sort out their rent troubles.