Products tagged with 'ground lease agreement'
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99 Year Ground Lease
Use this comprehensive template to prepare a 99 Year Ground Lease for land that will be developed as the site of a commercial office and retail project.
- The minimum yearly rental for the land is calculated as the greater of (a) a specified fixed amount or (b) a percentage of the annual net rentals generated by the developed property.
- In addition to minimum annual rent, the developer (as lessee) will pay the costs of clearing the land and obtaining surrenders of leases from any existing tenants.
- The lessee has a right of first refusal if the land owner (lessor) decides to sell or dispose of its interest in the land.
- The lessee is responsible for carrying sufficient and proper insurance, for paying all taxes, charges, liens and utility costs for the property.
- The lessee has the right to assign the lease or to mortgage or otherwise encumber the property without the consent of the lessor.
- The 99 Year Ground Lease template is a generic form that does not contain references to any specific laws or regulations.
$29.99
Ground Lease Amending Agreement
Make changes to an original ground lease on land to be developed for commercial use with this downloadable Amending Agreement.
- The amending agreement is between the owner of the land as Lessor under the lease and a land development partnership as Lessee.
- The amendment is made part of the original lease, and is not a substitution for that document.
- The lessor warrants that there are no existing defaults or unfulfilled conditions precedent, and agrees to waive all past defaults and causes of forfeiture by the lessee.
- Available in MS Word format and fully customizable to fit your specific circumstances.
$12.49
