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99 Year Ground Lease
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.
$29.99
General Utility Easement
Land developers, use this template to prepare a General Utility Easement, to give utility providers access to all the lots in a residential subdivision.
- Each of the utility service providers is given a right-of-way to all of the lots in the development for the purpose of installation and ongoing access for maintenance and repair of utilities, including sewer, water, power, phone, cable, communications, and the like.
- The Easement will be registered on the title to each of the lots and will run with the land, and will not be discharged when the properties are sold.
- This is a generic real estate form, which is not specific to any country or region.
- This General Utility Easement is provided in MS Word format, and is fully editable.
$6.29
Land Development Agreement for Commercial Project
Land developers, prepare a Development Agreement for Commercial Project with this comprehensive template.
- The parties to the agreement are the developer and a municipal corporation (City), in connection with the City issuing a permit to the developer for construction and development of a commercial office and retail project.
- Provisions of the agreement include:
- restrictions on setback lands;
- requirements for structural drawings, load calculations, below grade structures, and other elements of construction;
- development and construction of parking, loading bays and messenger stalls;
- construction of, access to and control over public areas, including handicapped access;
- disputes to be settled by arbitration.
- This template is provided in MS Word format and is totally editable to meet your needs.
$39.99
Standstill Agreement for Developer Loan Obligations
Land developers, get an extension of time to repay a mortgage loan on your development properties by inducing the lender to sign this Standstill Agreement for outstanding loan obligations.
- The lender agrees to stand still on recovering repayment of the borrower's mortgage for the time being, in return for which the borrower agrees to provide the lender further security for its indebtedness, including a foreclosure order on development properties on which the lender holds the mortgage.
- The borrower agrees to assign to the lender the proceeds from the sale of lots in the development.
- Each payment made by the borrower will entitle the borrower to an extension of thirty days to repay the indebtedness (to a maximum of 2 extensions).
- The status of the financing and the borrower's financial situation will be reviewed monthly by the lender.
- This is a generic legal document which is not specific to any country or region.
- This form is provided in MS Word format and is fully editable to fit your circumstances.
$29.99