Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 905 - Affidavit of termination, expiration or cancellation(a) Contents of affidavit.--An affidavit of termination, expiration or cancellation of an oil or natural gas lease shall contain the following information:(1) The names and addresses of the lessor and lessee.(2) The municipality in which the land is located and a brief description of the land.(3) If located in a unit, the name or description of the unit, if known to the lessor.(4) If there is a well on the land, the name or number of the well, if known to the lessor.(5) The date of the execution of the oil or natural gas lease.(6) The date of termination, expiration or cancellation of the oil or natural gas lease.(7) A statement that the lessor complied with its duty to serve a notice to the lessee under section 4(a) and that the lessee failed to provide a timely challenge to the notice as provided by section 4(c).(8) A notarized signature of the lessor.(b) Duty of recorder of deeds.--A recorder of deeds who receives an affidavit of termination, expiration or cancellation that satisfies the provisions of this section shall record the affidavit.Added by P.L. TBD 2014 No. 152, § 5, eff. 12/21/2014.