Aderhold v. Oil Well Supply Co.

Citations

• 158 Pa. 401
• 28 A. 22
• 1893 Pa. LEXIS 1600

Syllabus

<p>Oil lease — Sheriff's sale — Covenants and conditions.</p> <p>A purchaser of an oil lease at a sheriff’s sale acquires no greater interest or estate than that actually held by .the lessee, and he takes subject to all the covenants and conditions contained in the lease. He is therefore bound to inquire, and, failing to.do so, is fixed with notice of all that inquiry would have disclosed.</p> <p>Rent — Forfeiture—Surrender—Oil lease.</p> <p>Where an oil lease provides that the lessee shall complete a well within six months'from the date of the lease, or pay five hundred dollars a year thereafter, if he does not drill, the lessee cannot, after having failed to drill the well within six months, and after holding the lease until a year’s rent had accrued, relieve himself from the payment of such rent by surrendering the lease.</p>