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LSDefine

Simple English definitions for legal terms

rental division order

Read a random definition: bond covenant

A quick definition of rental division order:

A rental division order is a document that is signed by people who are entitled to receive delayed rental payments in the oil and gas industry. This document specifies the amount of rental payment each person is entitled to receive and the interest they own in the property.

A more thorough explanation:

A rental division order is a document used in the oil and gas industry. It is signed by those who are entitled to receive delay rentals. The order specifies the interest that each person owns and the amount of rental that each person is entitled to receive.

For example, if a group of people owns a piece of land that has oil or gas reserves, they may sign a rental division order to determine how much money each person will receive in rental payments. The order will specify the percentage of ownership for each person and the amount of rental payments that each person will receive.

Another example is if a company leases land from multiple owners for oil and gas exploration. The rental division order will specify how much rental each owner is entitled to receive based on their percentage of ownership.

The rental division order is important because it ensures that each person receives the correct amount of rental payments based on their ownership percentage. It also helps to avoid disputes between owners over rental payments.

rental | rental right

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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