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    99 Year Ground Lease

    $29.99

    Use this comprehensive template to prepare a 99 Year Ground Lease for land that will be developed as the site of a commercial office and retail project.

    • The minimum yearly rental for the land is calculated as the greater of (a) a specified fixed amount or (b) a percentage of the annual net rentals generated by the developed property.
    • In addition to minimum annual rent, the developer (as lessee) will pay the costs of clearing the land and obtaining surrenders of leases from any existing tenants.
    • The lessee has a right of first refusal if the land owner (lessor) decides to sell or dispose of its interest in the land.
    • The lessee is responsible for carrying sufficient and proper insurance, for paying all taxes, charges, liens and utility costs for the property.
    • The lessee has the right to assign the lease or to mortgage or otherwise encumber the property without the consent of the lessor.
    • The 99 Year Ground Lease template is a generic form that does not contain references to any specific laws or regulations.
    Download Type: Microsoft Word
    Last Updated: 04-July-2022
    SKU: 3939
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