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Job responsibilities for lease administrators and real estate professionals include: lease review and abstracting, accounting and processing, lease audits, CAM charges, lease renewal options, repairs and maintenance, information management and reporting, occupancy cost analysis, operating expense review, and document storage and maintenance.
(The Center Square) − Louisiana’s economy continues to show steady growth, with over 20,000 jobs added in the past year, according to new data from the federal Bureau of Labor Statistics. As ...
A multiple listing service (MLS, also multiple listing system or multiple listings service) is an organization with a suite of services that real estate brokers use to establish contractual offers of cooperation and compensation (among brokers) and accumulate and disseminate information to enable appraisals.
Unless specified otherwise, establishing commercial production from a single well within the lease will hold the entire lease as long as production continues. Language to the contrary is called a Pugh clause. The Pugh Clause is named after a Louisiana lawyer, Lawrence G. Pugh, who first used this kind of language in an oil and gas lease in 1947 ...
A finance lease (also known as a capital lease or a sales lease) is a type of lease in which a finance company is typically the legal owner of the asset for the duration of the lease, while the lessee not only has operating control over the asset but also some share of the economic risks and returns from the change in the valuation of the underlying asset.
The state lease auctions for up to the three mile limit are still held infrequently. From 1960 to 2000, sulfur was mined by the Frasch process from the caprock of a salt dome at the Main Pass 299 mine, offshore Louisiana. [34] A total of 34 million short tons of sulfur were recovered before the mine was closed; salt was also recovered. [35]
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