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1 Ground Lease for Land on which Cabin is Built as a Non-Permanent Structure Ground Lease Agreement made on the ___ day of __________, 20___, between _______________________ of ______________________________________________ (street address, city, county, state, zip code), referred to herein as Lessee, and _____________________, Inc., a corporation organized and existing under the laws of the state of ______________, with its principal office located at ______________________________________________ (street address, city, county, state, zip code), referred to herein as Lessor. Now, therefore, for and in consideration of the mutual covenants contained in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: I. Demise, Description, and Use of PremisesLessor leases to Lessee and Lessee leases from Lessor, certain real property situated at ______________________________________________ (street address, city, county, state, zip code), on which a cabin is located, said real property being more particularly described in Exhibit A attached to and made a part of this Agreement. As used in this Agreement, the term Premises refers to the real property above described and to any improvements located on the real property from time to time during the term of this Agreement. II. TermThe initial term of this Lease Agreement shall be for _________ years, commencing on the ____ day of ____________, 20___, and ending on the ____ day of ____________, 20___. As used in this Lease Agreement, the expression term of this lease agreement refers to the initial term and to any renewal of this Lease Agreement. III. Rent The total rent for the initial term shall be $_________, which Lessee shall pay to Lessor, without deduction or offset, at the place or places as may be designated from time to time by Lessor, in installments as follows: (payment schedule). ________________________________________________________________________________________________________________________________________________ IV. Warranties of Title and Quiet PossessionLessor covenants that Lessor is seized of the Premises in fee simple and has full
Right of occupancy thereof and that lessor shall not transfer title for a term and then again without authorization; and lessee (lease) for a term to continue as lessee, shall do and shall authorize the lessor to do all the following things: (possession of premises). Iv. Maintenance and repair without interruption. V. Maintenance and repair. Vi. Reasonable notice. Vii. Termination of agreement. Viii. Payment of lease rent. Ix. Notary service upon termination. X. Notary services upon termination. Xi. Breach of lease. Xii. Costs of administration. IIA. Receipt of lease income. Xiii. Assignments of premises. Xiv. Land conveyance to lessor. Xv. Land conveyance to lessor with limited intent to assign but in no way having the intent to assign; which conveyance shall not be effective unless title is conveyed, as of the date the grant is made, to lessor. Xvi. Tenancy with lesser. Xvii. Lease or other encumbrance by lessee upon lessor land. Xviii. Notice to lessor. Xix. Release for breach of terms or otherwise of agreement between lessee and lessor, of lessor's liability to lessee for rental or for breach of any covenant by lessor to lessee; this agreement to be effective if and as if made upon execution of this agreement, which is heretofore, in all respects, an unexecuted and binding agreement in substance. Xx. Sublease of land to lesser. Xxi. Rights of lessee. Xxii. Lease or other encumbrance by lessee upon lessor land and right of lessee to reversion. I. Rights of lessee; termination of lessee of leased premises and right of lessee to reversion. Xi. Rights of lessor. IIA. Lease or other encumbrance by lessor upon lessor's land and termination of lease. Xii. Restrictions on entry of lessor's agents. Xiii. Entry of lessor's agent prohibited without express authority of lessor. Xiii. Entry of lessor's agent prohibited by contract.
[part 1 of 2:139:1931; 1931 ncl § ] - (nrs a 1959, 11; 1957, 566)
nrs subletting and lease of residential premises. For the purpose of leasing or subleasing residential premises to another, a.
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A ground lease is a long-term lease agreement where the tenant is allowed to develop a property owned by the landlord. This type of lease typically lasts for 30 to 99 years and enables the tenant to build structures while paying rent on the land. For more detailed insights, refer to ‘What Is A Ground Lease? Home Guides SF Gate.’
Ground leases offer several benefits, including predictable cash flow for the landlord and the ability for tenants to use the land without purchasing it outright. This arrangement can be advantageous for businesses looking to invest in property without the large upfront costs. For further exploration, check out ‘What Is A Ground Lease? Home Guides SF Gate.’
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