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Agreements For Ground Leases |
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LA 841 99 Year Ground Lease Of Land To Be Developed By The Tenant With Purchase Option This 99 year ground lease contemplates development by the tenant, and contains both an option to purchase the land and a landlord put option to sell the land to the tenant in certain circumstances. A number of exhibits pertaining to the ground lease are also included. Number of Single Spaced Pages: 47 LA 703 Ground Lease For Hotel To Be Built By Tenant This ground lease allows the tenant to construct a hotel on a parcel owned by the lessor. The tenant is responsible for all taxes, utilities and construction costs. The rent is specified for the first five years of the term and is adjusted by the CPI thereafter. The tenant has unlimited rights to sublease portions of the premises, and broad assignment rights. Number of Single Spaced Pages: 22 LA 381 Ground Lease For Industrial Premises And Separate Option To Purchase The Premises This lease agreement contains two separate forms. The first is a ground lease for industrial premises, and the second is an option agreement giving the tenant the right to purchase the premises after a certain amount of time has passed with the tenant in possession pursuant to the ground lease. The initial rent for the ground lease is stipulated, and then subject to periodic increases pursuant to the CPI. If the tenant exercises its option to purchase, the purchase price is to be the greater of the fair market value for the land or the value of the property computed pursuant to a capitalization rate specified in the option agreement. Number of Single Spaced Pages: 23 LA 685 Ground Lease For Agricultural Products Processing Facility This agricultural lease is designed for an agricultural lease of property with the tenant constructing all necessary improvements for its business operations. The rent is adjusted by the CPI, and the tenant is responsible for all utilities for the premises, including charges for irrigation. (approximately 11 single spaced pages) LA 1341 Industrial Ground Lease For Manufacturing Operation This industrial ground lease is for a manufacturing operation. The tenant is required to get the landlord's approval for improvements to the property, and retains title to them until the expiration of the term. If the tenant fails to remove them, they vest in the landlord. (approximately 17 single spaced pages) LA 1515 Ground Lease For Aircraft And Truck Storage Yard This industrial ground lease allows the tenant to store aircraft, related aircraft equipment, and trucks and vehicles on the leased premises. The form has a term specified as a certain number of years, with the option for the tenant to continue to occupy the premises following an expiration of the term on a month to month basis. Number of Single Spaced Pages: 27 LA 1475 Ground Lease For Medical Office Building On Hospital Campus This form is designed for a ground lease of a parcel on a hospital campus for development as a medical office building facility. The lease has limitations on the medical procedures the tenants (i.e., physicians and their staff) in the medical office building can offer, so that they will not compete with services offered at the hospital on the campus. The lease is net in character, and contemplates a lengthy term to allow the developer the full benefit of the improvements he plans to erect on the site. Number of Single Spaced Pages: 72 LA 709 Ground Lease For Freestanding Biomedical Office Building This form is designed for a ground lease of a parcel of land for the construction of a freestanding office building and a biomedical products manufacturing facility by the tenant. The entire new structure will be occupied by the tenant. The form provides that the tenant will be paid a stipulated amount for its improvements in the event of a lease termination which is not caused by tenant default. The landlord retains the right to use the premises as collateral for new financing up to a specified maximum amount. Number of Single Spaced Pages: 17 LA 1215 Simple 99 Year Triple Net Ground Lease To Tenant Intending To Build Its Headquarters On The Site This ground lease is designed for a transaction wherein the landlord leases the tenant a site (the dirt only) for the tenant's headquarters. The lease is a simple triple net form, and contemplates that the tenant will build all improvements on the site. Number of Single Spaced Pages: 12 LA 1513 Ground Lease With Purchase Option And First Refusal Rights For Small Office Building To Be Built By Tenant This ground lease is designed for a transaction wherein the landlord leases the tenant a site for construction of a small office building. The lease contemplates that the tenant will build all improvements on the site, after first demolishing the existing improvements. The tenant has a series of renewal options, as well as an option to purchase the property and a right of first refusal for the premises in favor of the tenant. Number of Single Spaced Pages: 19 LA 1455 Ground Lease For Ski Resort With Rent Based Upon Revenues And With Option To Purchase This lease is designed for the long term lease of a ski resort. Rent is based upon a percentage of the revenues from the resort. The tenant also has the right to purchase portions of the premises which the tenant improves with buildings or other improvements under the lease. Number of Single Spaced Pages: 29 LA 1511 Pro-Tenant Golf Course Ground Lease This ground lease is designed for a golf course and is pro-tenant in tone. The rent is adjusted periodically by the consumer price index during the initial term of the lease, and the tenant has renewal options with the rent set at 10% of the fair market value of the property. Number of Single Spaced Pages: 19 LA 1221 Shopping Center Ground Lease To Large Home Improvement And Hardware Store Anchor This ground lease is designed for an anchor tenant in a shopping center which sells home improvement products. The tenant's store will be built on a pad within the center, but the tenant is not obligated to pay percentage rent. The tenant is subject to an opening covenant, and an operating covenant, but their terms are far more relaxed than those found in leases for smaller "shop" tenants. Number of Single Spaced Pages: 64 LA 481 Ground Lease For An Anchor In A Retail Strip Mall This pro-tenant agreement was designed for an anchor tenant ground leasing property within the boundaries of a major strip mall. The anchor would then build its own store and the landlord would build out the remaining shop space for the center. The common areas of the center were developed by the parties in a cooperative manner pursuant to the terms of a construction exhibit attached to the lease. Number of Single Spaced Pages: 37 LA 1545 Pro-Tenant Ground Lease For Convenience Store And Gasoline Filling Station This lease is designed for a convenience store and/or a gasoline filling station. It is very pro-tenant in tone. For example, the use clause permits the tenant to use the premises for any lawful use, and the assignment and sublease article permits the tenant to assign the lease or sublease the premises without the landlord's consent. Number of Single Spaced Pages: 23 LA 641 Ground Lease For New Regional Shopping Center Pad Restaurant This lease is for a new high end restaurant to be located on a regional shopping center pad ground leased by the tenant. The tenant is to receive a construction allowance, pay percentage rentals, and receive a term on the ground lease lengthy enough to amortize the expensive improvements involved. The restaurant will also serve alcoholic beverages. Number of Single Spaced Pages: 50 LA 1609 Ground Lease For Freestanding Retail Store Including Adjacent Parcel To Be Acquired By Landlord This form is for a ground lease to a tenant planning to build a large retail store on the property. The landlord is obligated to try to acquire a contiguous adjacent parcel, and the ground lease will terminate if the landlord fails to do so within six months after the execution of the lease. The lease permits assignment by the tenant to a third party developer who will construct the improvements, and then lease the improved premises to tenant, subject to the ground lease. Number of Single Spaced Pages: 37 Related Strategies Related Discount Power Pack |
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