---
kind: "section"
citation: "43 C.F.R. § 3504.16"
title: "43"
number: "3504.16"
heading: "When is my rental due after the first year of the lease?"
url: "https://uscodex.org/cfr/43/3504.16"
---

# §3504.16. When is my rental due after the first year of the lease?

- (a) For prospecting permits, pay your rental in advance each year before the anniversary date of the permit.
- (b) **For sodium, potassium or asphalt leases, pay your rental in advance before January 1 of each year.**
- (c) **For phosphate leases pay your rental in advance on or before the anniversary date of the lease.**
- (d) For other mineral leases not covered in paragraph [(b)](#b) or [(c)](#c) of this section, pay the rental in advance each year before the anniversary of the effective date of the lease.
- (e) MMS will credit your lease rental for any year against the first production royalties or minimum royalties (see [§ 3504.25](/cfr/43/3504.25.md) of this part) as the royalties accrue under the lease during that year.

## Notes

### Authority

Authority: 5 U.S.C. 552; 30 U.S.C. 189, 192c, and 209; 43 U.S.C. 1701 et seq.; and sec. 402, Reorganization Plan No. 3 of 1946 (5 U.S.C. appendix).

### Source

Source: 64 FR 53536, Oct. 1, 1999, unless otherwise noted.