DELAY RENTAL

By SovConn | June 29, 2014

delay rental.Oil & gas. A payment from the lessee to the lessor made to maintain the mineral

lease  from  period  to  period  during  the  primary  term  without  an  obligation  to  drill.  See

DRILLING-DELAY  RENTAL  CLAUSE;  “or”lease,  “unless”lease  under  LEASE;  PAID-UP

LEASE. [Blacks Law 8th]

Posted in Law Dictionary Definitions