Land lease template (US)

Land Lease Agreement

State and local laws on land use and leases differ. Check this lease against the law of Property State, zoning rules, and any recording requirements before signing.

This Land Lease is made on Lease Date between Landlord Name, at Landlord Address ("Landlord"), and Tenant Name, at Tenant Address ("Tenant").

1. Land

Landlord leases to Tenant the land at Property Address, in County County, consisting of about Acreage acres and legally described in Exhibit A (the "Land"), together with access over Access Description. No buildings are included except: Included Improvements or None.

2. Permitted Use

Tenant may use the Land only for Permitted Use, such as Agriculture, Storage, Parking or a Commercial Building, in line with zoning, environmental and land use laws. Tenant will obtain any permits its use requires, at its own cost.

3. Term

The lease starts on Start Date and ends on End Date. Tenant may renew for Number of Renewals additional terms of Renewal Term each, by written notice at least Renewal Notice Days days before the term ends, at rent set as follows: Renewal Rent Terms.

4. Rent

Tenant will pay rent of $Rent Amount per Rent Period, due on Rent Due Date, to Payment Address or Method. Rent increases by Escalation Terms each year. Rent not paid within Grace Days days bears a late charge of $Late Charge, as the law allows.

5. Taxes and Utilities

Real property taxes on the Land during the term are paid by Party Paying Property Taxes: Landlord or Tenant. Tenant pays any tax on its own improvements and personal property, and pays for all utilities it uses.

6. Improvements

Tenant may build or install Allowed Improvements with Landlord's prior written approval of the plans, which Landlord will not unreasonably withhold. When the lease ends, Tenant will Remove its improvements and restore the Land / leave the improvements, which become Landlord's property. Tenant will keep the Land free of mechanics' liens arising from its work.

7. Maintenance and Condition

Tenant accepts the Land in its present condition. Tenant will keep the Land clean, control weeds and erosion, and not commit waste. Agricultural Terms, if any, such as Crop Rotation, Fertilizer Limits, Fences and Water Rights

8. Environmental

Tenant will not store, use or release hazardous substances on the Land except in small amounts used lawfully in its permitted use. Tenant will clean up, and indemnify Landlord for, any contamination it causes. Landlord states that, to its knowledge, the Land contains no hazardous contamination except: Known Environmental Conditions or None.

9. Insurance and Indemnity

Tenant will carry commercial general liability insurance of at least $Liability Coverage per occurrence, naming Landlord as additional insured. Tenant will indemnify Landlord against claims arising from Tenant's use of the Land, except those caused by Landlord's negligence.

10. Assignment and Subletting

Tenant may not assign this lease or sublet any part of the Land without Landlord's written consent, which will not be unreasonably withheld.

11. Entry

Landlord may enter the Land on Entry Notice Hours hours' notice to inspect it, and at any time in an emergency.

12. Default

If Tenant fails to pay rent within Rent Cure Days days after written notice, or fails to cure another breach within Cure Days days after written notice, Landlord may end this lease and recover possession through the legal process, and recover amounts owed.

13. Sale and Recording

A sale of the Land is subject to this lease. Either party may record a memorandum of this lease in the county records.

General Terms

Governing law. This Lease is governed by the laws of the State of Governing State, without regard to its conflict of laws rules. Any lawsuit will be brought in the state or federal courts located in Venue County and State.

Entire agreement. This Lease is the parties' complete agreement on its subject and replaces all earlier discussions. It may be changed only in a writing signed by both parties.

Severability. If a court finds any part of this Lease unenforceable, that part will be enforced to the extent the law allows, and the rest stays in effect.

Assignment. Neither party may assign this Lease without the other's written consent, except to a successor to its whole business.

Notices. Notices must be in writing and sent to the addresses above by personal delivery, certified mail or a nationally recognized courier.

Counterparts and e-signatures. This Lease may be signed in counterparts and by electronic signature, which has the same effect as an original.

| Landlord | Tenant |

| --- | --- |

| Signature: Landlord Signature | Signature: Tenant Signature |

| Name: Landlord Printed Name | Name: Tenant Printed Name |

| Date: Landlord Signing Date | Date: Tenant Signing Date |