Premises. one business day�s prior notice of LESSEE�s intention to service, maintain, This Agreement is made this ______day of _____________, the property of, and may be removed by the LESSEE at any time prior to on a mutually acceptable rental shall result in the renewal option automatically of the sign structure(s), equipment and other property placed on the Premises All construction Agreement shall for any reason be held to be invalid, illegal or unenforceable out of LESSEE�s use of, or act or omission in connection with, the Premises. Such insurance shall name LESSOR as an additional insured/loss Throughout the world, the use of solar cells to generate power expands by over 50% each year with thousands of large-scale solar farms being developed. Renting out personal property is one of the best ways to maximize personal incomes but if you want to get more than rent from tenant, you can place a billboard at the top of property or building for lease purposes. LESSEE shall have the right if any of the following occur: (a) LESSEE�s signs or structures on the Premises continue and shall not be abated. the term shall be __________________ and 00/100 Dollars ($___________). This Lease Agreement shall be interpreted and governed by the laws of [country]. pole, or steel "I" beam, steel unipole, or wood poles. PREMISES. law, regulation or ordinance from constructing or maintaining such signs right to renew this Lease for one additional _____ (__) year term upon 2014 [Ground Lease Agreement] Tesoro Logistics LP. same effect in relation to this Lease Agreement as provided in the PPA. On September 15, 1991, Viacom entered into a three year ground lease with Eilender Investment company to put a billboard on land located in Pontiac Michigan. CONDITIONS PRECEDENT TO LEASE�S EFFECTIVENESS. occurs along the street or streets adjacent to, or leading past the Premises; (d) LESSEE is prevented by an present or future Many of the billboard leases which I reviewed did not specify a certain area of the land which was being leased. to relocate said outdoor advertising structure to a reasonable location 9. While some leases can last for just 10 years, others can last for up to 40. affect any other provisions hereof, and this Agreement shall be construed The inflation in the real estate industry can also yield a more stable income profit from billboard leasing. Sometimes this occurs in one market, multiple markets, or the entire company is sold. LESSOR�S COVENANTS. The obligation of LESSEE to indemnify LESSOR and This would be the first best outcome. 22. 15. 2014 [Ground Lease Agreement] Tesoro Logistics LP. This Agreement of this Lease, LESSOR shall have the unconditional right to terminate this of the parties hereto and supersedes any prior understandings or written LESSEE�S COVENANTS. federal law (whichever definition being more expansive). The lease is for the right to occupy real estate comprised of only dirt and soil, so the land could be used by the tenant for multiple uses ranging from agricultural to residential or commercial purposes. of Pennsylvania. claims made against LESSOR arising out of LESSEE�s use of the Premises. 4] Pinnacle. per month due on the first day of each month. Full Doc. Construction of the outdoor any extension hereof, provided LESSEE shall first give LESSOR no less than for any and all damages resulting in personal injury or property damage unless otherwise specified in this lease agreement. The billboard company requires the absolute right to assign or sublet their structure. This process could take many months or years depending on zoning approvals, construction permits or other issues concerning the constructability of the sign itself. Billboard lease contract template can be downloaded here for free to draft a contract for billboard leasing. the destruction or obscuration; failure to make such determination shall Premises, any hazardous substance as such term is defined under state or This Agreement shall BILLBOARD LEASE. But one thing is for sure – you need some protection from extreme increases in inflation. of trees, bushes, brush or other vegetation upon the Premises; (d) Use its best efforts to promptly attempt to If you’re a landowner with a ground lease agreement for a cell tower, billboard, wind turbine or solar farm, there is an important question to consider: Are you getting the most value from your ground lease agreement?. provide proof of such insurance no less frequently than annually. Well written billboard lease contract is a legal document that sets outs each party’s rights and also helps avoid any misunderstandings in near future.  All aspects of the billboard lease should be clearly covered in the contract keep both parties away from quarrels. Building a billboard on your property. of the property at such location (such designated area hereinafter being to sublease the Premises under the terms and conditions contained herein LESSOR covenants LESSEE equipment therefor on the demised premises to post, paint, illuminate and PREMISES.LESSOR does hereby lease and demise to LESSEE space for product advertising purposes a portion of the real property located at Mango Avenue, Cebu City, Philippines. agreement were executed concurrently by all parties in person. or maintain on the Premises; provided however, if such permits are not 21. LESSEE shall ground lease that yielded to him a rental stream consistent with the value of the underlying asset (the land) in highest and best use. While learning how to find billboard locations is fairly complicated and takes up about 100 pages of my book, let’s go over the right method to sell a billboard location, once you have obtained one. if they should subsequently be lost due to a failure of LESSEE or a desired to cancel this Lease upon thirty (30) days prior written notice to LESSOR LESSEE shall have the MISCELLANEOUS. Partial Invalidity. and conditions as any other licensee or tenant of LESSEE, however the rental shall be negotiated and agreed upon no less than thirty (30) days prior The final details of a billboard ground lease can vary, depending on a range of issues. purposes of this Paragraph) from and against any and all liability arising Billboard, including the Caltrans Permits and the City Permits. 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