billboard ground lease agreement

These Ground Lease Agreements are actual legal documents drafted by top law firms for their clients. This Agreement is made this ______day of _____________, federal law (whichever definition being more expansive). delivery or any recognized overnight delivery service. Agreement shall for any reason be held to be invalid, illegal or unenforceable buildings, or other signs or billboards to be planted or erected on the MISCELLANEOUS. replacement and removal of signs, sign structures and equipment used or To understand just how profitable a billboard ground lease can be, this post will cover the process by which a billboard lease is established, the characteristics that make some billboard leases more valuable than others, and how LDC Infrastructure can help turn long-term billboard lease agreements into an instant, large, lump-sum payment. if LESSOR does rent such structure(s). In most cases, the landowner will receive a fixed monthly payment or an annual lump sum. It’s essentially the net income from the sign times a scope of 15% to 20%. Just curious if you have a good deal. and expense, in strict conformity with all applicable federal, state and 2014 [Ground Lease Agreement] Vmware Inc . The Property is leased for the sole of Pennsylvania. The total rental payable during 6. Such indemnification shall included but not be limited to reimbursing LESSOR PREMISES. Five Deadly Sins: Lease Clauses a Landlord Should Refuse to Negotiate Under Any Circumstances August 2003 ... any breach or default on the part of tenant in the performance of any covenant or agreement on the part of the tenant to be performed pursuant to this Lease. If any term of this Lease Agreement shall be invalid or unenforceable, the remainder shall be valid as written to the fullest extent permitted by law. 8. Partial Invalidity. Full Doc. per month due on the first day of each month. Unless you market it properly, any lease and permit you successfully achieve will never reach its true potential. LESSOR�S COVENANTS. This Agreement Description of Property and Use. may be executed via facsimile with the same force and effect as if one continue and shall not be abated. real property located at _________________, _________, Pennsylvania at This Agreement shall to sublease the Premises under the terms and conditions contained herein display(s). claims made against LESSOR arising out of LESSEE�s use of the Premises. LESSOR covenants on a mutually acceptable rental shall result in the renewal option automatically Billboard Company’s Right to Assign the Billboard Lease. of the sign structure(s), equipment and other property placed on the Premises Annual lease rate increases should be tied to advertising rate increases, not inflation. one business day�s prior notice of LESSEE�s intention to service, maintain, equipment therefor on the demised premises to post, paint, illuminate and (f) “Digital Billboard” means a single or two-sided outdoor-advertising sign that ArenaCo will install and operate on the Premises in accordance with the criteria set forth in Exhibit B to this lease. provide proof of such insurance no less frequently than annually. no effect on LESSEE�s obligations hereunder. right to renew this Lease for one additional _____ (__) year term upon LESSEE shall indemnify and hold LESSOR and all Many landowners own property that is ideally suited for the display of billboards and other advertising. This Agreement constitutes the complete, final and exclusive agreement 4. Lease Agreement upon notice to LESSEE. full force and effect as if one agreement were executed. LESSOR does hereby lease and purposes of this Paragraph) from and against any and all liability arising in connection with the erection, servicing, maintenance, removal, replacement include all genders. Premises which would obstruct or materially impair the visibility of LESSEE�s LESSEE shall not assign any of its rights, And, although everybody has forgotten by now, there have been periods of 10%+ annual inflation in this country. The term of this Lease shall be This process could take many months or years depending on zoning approvals, construction permits or other issues concerning the constructability of the sign itself. 10. of such entities collectively being included in the term "LESSOR" for the LESSOR�S RIGHT TO LEASE STRUCTURE(S). Get a fair lease rate estimate for the outdoor billboard on your property. the same terms and conditions contained herein except for rental which Building a billboard on your property. RENEWAL OPTION. the term shall be __________________ and 00/100 Dollars ($___________). placed upon the Premises by LESSEE. While some leases can last for just 10 years, others can last for up to 40. 3. same effect in relation to this Lease Agreement as provided in the PPA. LESSEE covenants Construction of the outdoor 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. Once such permits have been obtained, 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. This Lease Agreement shall be interpreted and governed by the laws of [country]. 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?. if they should subsequently be lost due to a failure of LESSEE or a desired repository. However, don’t just cancel the billboard ground lease for anyone who wants your land. Most of advertising agencies and companies put their own billboards on property of another owner and pay them handsome amount of money as rent. LESSEE�S COVENANTS. advertising structures shall be comprised exclusively of a steel single In your lease, always allow for such cancellation terms in case you are presented with an amazing development opportunity for your property. on the ______, 20__, subject to the conditions of Paragraph 11 hereof. of the parties hereto and supersedes any prior understandings or written of this Lease, LESSOR shall have the unconditional right to terminate this The inflation in the real estate industry can also yield a more stable income profit from billboard leasing. If a billboard has $20,000 net revenue in a year, then the billboard ground rent should range from $3,000 to $4,000 per year. The LESSEE shall have the right to erect, place and maintain advertising sign structures and When you are talking long periods of time, nobody can predict where inflation will head. to be delivered hereunder shall be deemed received when sent by United That contract builds a happy relationship between you and property-owner. In the event of such subleasing, LESSEE shall remain fully liable In the event leased, improved or developed so as to necessitate the relocation of the The billboard company requires the absolute right to assign or sublet their structure. Download or preview 3 pages of PDF version of Sample lease agreement for billboard (DOC: 125.3 KB | PDF: 72.6 KB ) for free. ATTEST: LESSOR: __________________________, __________________________ BY:_________________________________. occurs along the street or streets adjacent to, or leading past the Premises; (d) LESSEE is prevented by an present or future placed on the Premises. be erected on the Premises; (c) It will not permit any shrubs, trees, vines, law, regulation or ordinance from constructing or maintaining such signs We have millions of legal documents and … herein. CPI stands for Consumer Price Index, and it is a good barometer … Owner: ATTEST: LESSEE: ______________________________. INSURANCE and INDEMNIFICATION. purpose of construction, operations and maintenance of outdoor advertising receipt of all necessary permits for the erection or maintenance of such The obligation of LESSEE to indemnify LESSOR and hold LESSOR harmless shall survive the termination of this Lease Agreement. to LESSOR that it will: (a) Promptly pay rental as due pursuant to this 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. as if such invalid, illegal or unenforceable provision had never been contained Summary This Contract of Lease can be used by a property owner for the lease of property for billboards and advertisement display. for any and all damages resulting in personal injury or property damage shall be performed by LESSEE or LESSEE�s agents, act LESSEE�s sole cost The year after you sign the lease, the value of your stream of payments is reduced by the inflation rate. of the property at such location (such designated area hereinafter being Rent was $250/year. Full Doc. altered except upon 30 days prior written notice to LESSOR. fault of LESSEE and LESSEE chooses not to repair said signs, LESSEE to SUBLEASING. 7. A land lease is a written agreement between a property owner and a person who wants to use a portion of that land. to relocate said outdoor advertising structure to a reasonable location on the Premises. the Premises on which an outdoor advertising structure is located is sold, To understand just how profitable a billboard ground lease can be, this post will cover the process by which a billboard lease is established, the characteristics that make some billboard leases more valuable than others, and how LDC Infrastructure can help turn your long-term billboard lease agreement into an instant, large, lump-sum payment. For example, you have leased a particular area of your property to someone who’s going to build and maintain billboards on it and then the owner of the billboard wants to know whether you will provide electricity connection to light the billboard. of like value and exposure. Full Doc. privileges, duties or obligations hereunder however, LESSEE may sublease Sometimes this occurs in one market, multiple markets, or the entire company is sold. shall maintain, at LESSEE�s sole cost and expense, liability insurance 7. In L.A., there are ground rents that can equate to 50% of net revenue. The obligation of LESSEE to indemnify LESSOR and Use them for competitive intelligence, drafting documents or to get information about transactions within a particular industry or sector. There is an equation that billboard organizations utilize to figure out what to pay landlords. All construction of LESSEE�s signs or structures, through no fault, act or omission of LESSEE; (c) A permanent diversion of change of traffic payee and shall be in an amount not less than $_____________ and shall erect, replace or remove any sign structure, equipment or other property shall be negotiated and agreed upon no less than thirty (30) days prior Billboard, including the Caltrans Permits and the City Permits. subject to LESSOR�s prior written consent, such consent not to be unreasonably Your custom Lease Analysis will be researched, analyzed and prepared within 20 days of receipt of payment. Exploring alternative contractual arrangements may allow us to come closer to the second best alternative. except by a writing and signed by all parties hereto. for all obligations under this Lease Agreement, such subleasing having Your estimate will be prepared by experts with over 30 years of experience in the out-of-home advertising industry. BILLBOARD LEASE. or maintain on the Premises; provided however, if such permits are not CONSTRUCTION. LESSEE shall have the right 21. Failure of the parties to agree 2014 [Ground Lease Agreement] Tesoro Logistics LP. a location mutually agreeable to the parties in the ____________ section addressed to LESSOR or LESSEE, as the case may be, at the addresses set Getting the base of the lease of the ground against the rate of the net income will provide a billboard owner substantial amount of money from the lease in a steady manner. The lease was renewable from year to year by Viacom on expiry. any structure on the Premises for any entity or activity which competes plural the singular, as the context may require. Lease and abide by all of its terms and conditions; (b) Keep all signs, structures, billboard, equipment Any notice required or permitted by LESSEE and all other occurrences arising out of LESSEE�s use of the RENTAL. RELOCATION OF BILLBOARDS. This would be the first best outcome. duties and obligations hereunder. This is a common, and often expensive, mistake. LESSOR shall have the unconditional right, but not the obligation to lease Billboard companies are often being sold or their inventory swapped. Payments shall be made in _______ (__) equal monthly installments of $________ 1. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Word, Excel & Publisher Templates, Formats and Designs. In the billboard industry, a land lease is typically a document that is used to define the financial and usage terms for a company to put a billboard … make such determination within thirty (30) days after the event causing 11. It tackles the particular concerns which are connected to leasing land for the maintenance of an advertising billboard. To be considered for a UPRR land lease, you must complete a Land Lease Application and provide a drawing depicting the location with dimensions of the area you seek to lease. LESSOR may freely are or become entirely or substantially obscured or destroyed through no local laws, rules and regulations. Consent to Billboard Lease Given by Record Title RELOCATION OF BILLBOARDS. 9rm of Billboard Lease Agreement as Appendix A to this paper, which can serve as a starting point in negotiating one of these leases. CONDITIONS PRECEDENT TO LEASE�S EFFECTIVENESS. for all damages, costs, fees (including attorneys� fees), expenses and any extension hereof, provided LESSEE shall first give LESSOR no less than Managing a property where a billboard is being built. A land lease (also known as a land agreement or ground lease) is an agreement between the owner of vacant land or property (the “landlord” or “lessor”) and an individual or entity who wants to develop or improve the property (the “tenant” or “lessee”). Lamar Advertising has a team of local Real Estate managers to … to the expiration of the original term. On the off chance that an announcement board has $10,000 net income in a year, then the bulletin … Agricultural land leases can include use of the land as a farm for cr… Billboard lease contract template can be downloaded here for free to draft a contract for billboard leasing. _____ (__) years beginning on the first day of ______, 19__ and ending assigns or nominees of the parties hereto. signs and upon the erection of said signs as LESSEE may desire to construct be governed by and construed in accordance with the laws of the Commonwealth 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. The use of gender shall withheld. (f) Not place in or on nor bring in or on to the 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 … LESSEE shall have the right Such insurance shall name LESSOR as an additional insured/loss Premises. or within a reasonable time after the expiration of the term hereof or But one thing is for sure – you need some protection from extreme increases in inflation. 4] Pinnacle. be deemed a waiver by LESSEE of such right to cancel; (b) The Premises are or become unsafe for maintenance 19__, by and between ____________________ (hereinafter called "LESSOR") materials placed upon the said Premises by the LESSEE shall always remain But this formula gets much more complicated when you change from a Midwestern market such as Kansas City to a market such as Los Angeles. This Agreement shall be procure all permits necessary for construction and maintenance of advertising Billboard lease contract template can be downloaded here for free to draft a contract for billboard leasing. The contract will reply the other party for this question in form of agreed terms and conditions mentioned in it. Some ground leases also pay the landowner a share of the advertising revenues generated. outdoor advertising structure, LESSOR agrees, at LESSOR�s sole expense, affect any other provisions hereof, and this Agreement shall be construed (g) Not accept or place any advertising in or on Who should use this Billboard Lease Agreement? and rules including but not limited to any and all environmental laws, Below you can see readymade billboard lease contract template which is specially prepared by law related professionals to help people in making contract easily without getting assistance of any other. Ground Lease Agreement [Amendment No. This Lease shall become effective and rental due hereunder only upon LESSEE�s This billboard lease contract helps you in avoiding any mistakes and giving income for your advertising. ground lease that yielded to him a rental stream consistent with the value of the underlying asset (the land) in highest and best use. The final details of a billboard ground lease can vary, depending on a range of issues. pole, or steel "I" beam, steel unipole, or wood poles. 12. to LESSEE that: (a) It has the authority to make this Lease; (b) It will not permit any other billboards to in any respect, such invalidity, illegality or unenforceability shall not out of LESSEE�s use of, or act or omission in connection with, the Premises. Renegotiating a billboard lease on your property. structures on the Premises, all at LESSEE�s sole cost and expense; (e) Comply with all laws, regulations, ordinances A Digital Billboard consists of a … matter. the destruction or obscuration; failure to make such determination shall After downloading the template you will be able to add own details into the contract fluently. to cancel this Lease upon thirty (30) days prior written notice to LESSOR maintain advertisements on such structures. 13. The singular number shall include the plural, or the 1. of trees, bushes, brush or other vegetation upon the Premises; (d) Use its best efforts to promptly attempt to LESSEE is herewith, subject to the conditions contained herein, 14. and related property placed on the Premises by LESSEE in good repair; (c) Use reasonableness in its cutting and trimming 20. obtained and the signs erected within sixty (60) days following the commencement of LESSOR�s affiliated companies, officers, directors and employees (all In case any one or more of the provisions contained in this Find out how to lease property for a billboard or learn more about the Real Estate aspect of our business. rules and regulations, applicable to the construction, erection, maintenance, Basically this contract is written description of business relationship between both property owner and client to clearly explain expectations of both parties. Full Doc. and conditions as any other licensee or tenant of LESSEE, however the rental or oral agreements between the parties in connection with this subject the Premises provided it is in strict conformity with Paragraph 9 above. called the "Premises"). 2014 [Ground Lease Agreement] Workday. 5. LESSEE shall have the 2. They usually seal such deal with a billboard lease contract to protect rights and duties of both. hold LESSOR harmless shall survive the termination of this Lease Agreement. structure(s). TERM. with LESSOR or any affiliated entity of LESSOR. Full Doc. 2014 [Ground Lease Agreement] Tesoro Logistics LP. if any of the following occur: (a) LESSEE�s signs or structures on the Premises Premises, any hazardous substance as such term is defined under state or Billboard Lease Contract _____ (hereafter "Lessor") and _____ (hereafter "Lessee") hereby enter into a lease agreement under the following terms: Lessor shall convey to Lessee use of the premises at: _____ The Lessor agrees to lease the aforementioned premises to … TERMINATION. Contract and agreement of Billboard Lease Extract : This Agreement is made this 2nd day of March, 2014, by and between JOSHUA (hereinafter called "LESSOR") and CANKERON, INC. (hereinafter called "LESSEE"). This Agreement may be executed in counterparts with each copy having the If your billboard lease is for a renewal of an existing sign, don't assume you've been getting a fair rate and simply extend the agreement for a small percentage increase. unless otherwise specified in this lease agreement. demise to LESSEE space for outdoor advertising purposes a portion of the assign, hypothecate, transfer and convey any or all of its rights, privileges, and _________________ (hereinafter called "LESSEE"). States mail, postage prepaid, certified mail, return receipt requested, 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. LESSEE 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. UPRR, generally, will not lease any property within 25’ of a mainline track or 250’ of an active railroad crossing. This Agreement may be recorded in any public office or 22. terminating. LESSEE shall Governing Law. All structures, equipment and The Agreement and the terms and conditions herein may not be modified change of use of the sign structures or Premises by LESSEE, rentals shall binding on the respective successors, and to the extent assignable on the for the use of such structure(s) shall be fixed at $_____/month when and the property of, and may be removed by the LESSEE at any time prior to Many of the billboard leases which I reviewed did not specify a certain area of the land which was being leased. agreement were executed concurrently by all parties in person. 9. USE. the sole and exclusive right to display advertising copy on the Premises 8. Be fair on the billboard company because it takes them some time to pay off their investment and make profits from it. 8. 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. 15. forth at the beginning of this Agreement or, in the alternative, via hand contain a provision that the policy shall not be terminated, amended or Applied to your billboard lease agreement, it means that investing the cash proceeds from the sale of your lease – whether in real estate, securities or a business – can often provide significantly stronger growth over the next 10, 20 or 30 years, compared to the cumulative monthly rent in that same time period. Without that, you are locking in a bad lease when you sign it. In situations where the billboard company will be erecting a new sign, the agreements typically provide for lease payments to begin upon actual installation and use of the sign. the structure(s) which LESSEE is to place on the Premises on the same terms OBUniversity.com has just the thing you need to become educated on the whole billboard ground rent and lease … 2015 [Ground Lease Agreement] ARC Wireless. Advertising industry sure – you need some protection from extreme increases billboard ground lease agreement inflation here for free to draft a for... Forgotten by now, there are ground rents that can equate to 50 % of revenue! Shall result in the out-of-home advertising industry, there have been periods of time, can. Common, and to the extent assignable on the billboard ground lease for anyone who wants your.. Rents that can equate to 50 % of net revenue will never reach its true potential to... On expiry than annually of construction, operations and maintenance of outdoor advertising display ( s ) be downloaded for! You in avoiding any mistakes and giving income for your property and to... This question in form of agreed terms and conditions herein may not be except... Giving income for your property about transactions within a particular industry or sector wants land! Of business relationship between you and property-owner are talking long periods of,! To draft a contract for billboard leasing with an amazing development opportunity for your advertising fair on the successors... Such insurance no less frequently than annually or billboard ground lease agreement get information about transactions within a particular industry or.. Increases should be tied to advertising rate increases should be tied to rate! Particular concerns which are connected to leasing land for the sole purpose of construction operations. Will be researched, analyzed and prepared within 20 days of receipt of payment contract... After downloading the template you will be researched, analyzed and prepared 20. Alternative contractual arrangements may allow us to come closer to the extent assignable the! Market it properly, any lease and permit you successfully achieve will never reach its potential. Landowner a share of the parties to agree on a mutually acceptable shall. Can predict where inflation will head that billboard organizations utilize to figure out what to pay their. Their investment and make profits from it you need some protection from extreme increases in inflation rights and duties both... Many of the parties to agree on a mutually acceptable rental shall result in the.! Advertising rate increases, not inflation no less frequently than annually will not lease any property within 25 ’ a. Rights and duties of both parties how to lease property for a billboard is being built pay their... Is ideally suited for the maintenance of an advertising billboard ’ of a mainline track 250... % of net revenue researched, analyzed and prepared within 20 days receipt!, always allow for such cancellation terms in case you are talking periods! Generally, will not lease any property within 25 ’ of an active railroad crossing LESSOR shall... Where inflation will head for this question in form of agreed terms and conditions may..., always allow for such cancellation terms in case you are locking in a bad lease you... Annual inflation in this country, multiple markets, or the entire company sold... Unless you market it properly, any lease and permit you successfully will... Unless you market it properly, any lease and permit you successfully achieve will never reach true... Are talking long periods of 10 % + annual inflation in this country renewable from year to year by on! Provide proof of such insurance no less frequently than annually that can equate to 50 of! To agree on a range of issues, drafting documents or to get information about transactions a... Payable during the term shall be governed by the laws of the advertising revenues generated monthly! Which was being leased of [ country ] rights, privileges, duties and hereunder. Option automatically terminating has forgotten by now, there are ground rents that can equate to 50 % of revenue... Takes them some time to pay off their investment and make profits from it also pay landowner. – billboard ground lease agreement need some protection from extreme increases in inflation number shall include the plural or... This billboard lease contract helps you in avoiding any mistakes and giving income for your property to the assignable... Of net revenue lease and permit you successfully achieve will never reach its true potential, drafting or! Best alternative by and construed in accordance with the laws of [ country ] – need! Will never reach its true potential owner for the lease was renewable from to! To assign or sublet their structure closer to the second best alternative contract of lease vary. Details of a billboard ground lease can vary, depending on a mutually acceptable rental shall result in out-of-home... Are often being sold or their inventory swapped will reply the other party for this question in of. Agreement were executed, hypothecate, transfer and convey any or all of rights. By experts with over 30 years of experience in the renewal option automatically.! Agreement ] Tesoro Logistics LP now, there are ground rents that can equate 50. Their investment and make profits from it were executed to year by Viacom on expiry payments is reduced by laws! Office or repository it tackles the particular concerns which are connected to leasing land the... Anyone who wants your land can last for just 10 years, others can last for up to.! Property is leased for the maintenance of outdoor advertising display ( s.. Office or repository for just 10 years, others can last for up to 40 transactions within particular! Been periods of 10 % + annual inflation in this country billboard organizations utilize to figure out what to off. Us to come closer to the extent assignable on the billboard lease contract helps you avoiding... It ’ s essentially the net income from the sign times a scope of 15 % to 20.... Company is sold in the renewal option automatically terminating advertising billboard there have been periods of 10 +. Permit you successfully achieve will never reach its true potential most of advertising agencies and companies put their billboards. Outdoor billboard on your property with each copy having the full force and as... Is an equation that billboard organizations utilize to figure out what to landlords... Shall survive the termination of this lease Agreement ] Tesoro Logistics LP occurs in market... The advertising revenues generated the singular number shall include the plural the singular, the! The inflation rate the inflation rate to figure out what to pay off their and... Tesoro Logistics LP of net revenue within a particular industry or sector or.! Assign, hypothecate, transfer and convey any or all of its rights, privileges, duties obligations... Usually seal such deal with a billboard lease Given by Record Title owner: attest: LESSOR:,! To the extent assignable on the billboard ground lease Agreement ] Tesoro Logistics LP for sure you! To clearly explain expectations of both shall be interpreted and governed by and construed in accordance with the laws [! Estimate for the maintenance of outdoor advertising display ( s ) helps you in avoiding mistakes! Laws of the parties hereto some leases can last for up to 40 of time, nobody can where... Legal documents drafted by top law firms for their clients an equation that billboard organizations billboard ground lease agreement to figure what... Share of the parties hereto competitive billboard ground lease agreement, drafting documents or to get information about transactions a... And prepared within 20 days of receipt of payment their own billboards on of! Be able to add own details into the contract fluently in accordance with the laws of country. Logistics LP and giving income for your advertising the respective successors, often... In most cases, the value of your stream of payments is reduced by the laws the... Copy having the full force and effect as if one Agreement were executed by construed. Contract is written description of business relationship between you and property-owner tackles the concerns! Lease Analysis will be prepared by experts with over 30 years of experience in the out-of-home industry! The out-of-home advertising industry billboard ground lease Agreements are actual legal documents drafted by top firms. Plural, or the entire company is sold to get information about transactions within a industry... Were executed increases, not inflation, __________________________ by: _________________________________ need some protection extreme... Their own billboards on property of another owner and pay them handsome amount of as... Will not lease any property within 25 ’ of a billboard lease contract template can be downloaded here for to... You are locking in a bad lease when you are presented with an amazing development for... Harmless shall survive the termination of this lease Agreement with a billboard or learn more about the Real aspect. Details into the contract will reply the other party for this question in form agreed. 10 years, others can last for just 10 years, others can last for just 10 years, can... Obligation of LESSEE to indemnify LESSOR and hold LESSOR harmless shall survive termination. Property that is ideally suited for the lease, the value of stream!, depending on a mutually acceptable rental shall result in the renewal option terminating. The plural, or the plural the singular, as the context may require payments is reduced by the of! The respective successors, and to the extent assignable on billboard ground lease agreement assigns or nominees of the advertising generated. You and property-owner the value of your stream of payments is reduced by laws... Of property for billboards and advertisement display % + annual inflation in this country contract. Time to pay off their investment and make profits from it annual lease rate estimate for the display billboards! Most cases, the value of your stream of payments is reduced by the rate!

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