This land lease agreement template has 5 pages and is a MS Word file type listed under our legal agreements documents.
Sample of our land lease agreement template:
LAND LEASE AGREEMENT This Land Lease Agreement (the "Agreement") is effective on [DATE], BETWEEN: [LESSOR NAME], (the "Lessor") an individual with their main address located at OR a Company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [LESSEE NAME], (the "Lessee") an individual with their main address located at OR a Company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, the Lessor is absolutely seized and possessed or otherwise well and sufficiently entitled to a piece of land at [LAND ADDRESS] with a total area of [PROPERTY AREA] square feet (the "Land"); WHEREAS, on the request of the Lessee, the Lessor has agreed to grant a lease in respect of the Demised Land for a term of [LEASE TERM IN MONTHS OR YEARS] in the manner provided under the terms and conditions set forth below; NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS: LEASE OF LAND The Lessor hereby demises unto the Lessee the shop situated at [SHOP ADDRESS] under the terms and conditions more fully set forth herein. DEMISED LAMD The Demised Land is situated at [LAND ADDRESS] containing approximately [SPECIFY AREA] rentable square feet area. TERM The Lease term (the "Term") shall be for the period of [LEASE TERM IN MONTHS OR YEARS] only commencing from the [LEASE COMMENCEMENT DATE]. LEASE COMMENCEMENT DATE The "Lease Commencement Date" shall be the date the Lessee takes occupancy of the Land for the conduct of the Lessee's intended business. RENT AND FINANCIAL MATTERS Security Deposit. The Lessee shall be required to deliver the security deposit of the amount of [AMOUNT OF SECURITY DEPOSIT]. Rental Obligation. Commencing on the Lease Commencement Date, the Lessee shall be obligated to pay and shall pay Basic [MONTHLY OR ANNUAL] Rent of [AMOUNT OF RENT] to be payable by [DATE OF PAYMENT]. CONDITIONS OF LESSEE'S OCCUPANCY AND POSSESSION The Lessee shall pay the rent as aforesaid on the days and in the manner aforesaid. The Lessee shall use the Land only for [SPECIFY PURPOSE]. The Lessee shall built any structure into or upon the Land or make any alterations or additions to the external appearance or any part of the Land only with the consent of the Lessor in writing. The Lessee shall keep the interior and exterior of the Demised Land and the drainage thereof in good and tenable repair and condition. The Lessee, on paying the rent on the due dates thereof and in the manner herein provided, and observing and performing the covenants, conditions and stipulations herein contained and on his part to be observed and performed, shall peaceably and quietly hold, possess and enjoy the Land during the Term without any interruption, disturbance, claim and demand by the Lessor or any Person lawfully claiming to be under or trust for the Lessor. During the course of construction, the Lessor and its representative may, upon reasonable prior notice to the Lessee, inspect, but shall have no duty or obligation to inspect, the Lessee's construction of improvements and the materials being used. If, as a result of such inspection, the Lessor or its representative shall determine that any materials do not substantially conform to, or that the improvements are not being constructed in accordance with the terms of this Lease, prompt notice thereof may be given by the Lessor to the Lessee specifying the nature of the deficiency or defect or omission. Upon the receipt of any such notice, the Lessee shall promptly take such steps as may be necessary to correct such defect. In the event that the Lessee fails to correct said defect, or commence to cure said defect within thirty (30) days after the Lessor's notice (or immediately, if an emergency) the Lessor shall have the right, but not the obligation, in addition to any other remedies available to the Lessor, to undertake the same at the Lessee's expense. Except as specifically set forth herein, all maintenance of the Leased Land shall be done by the Lessee at the Lessee's sole cost and expense. The Lessee shall be liable for any and all damage caused by the Lessee, its employees, agents or its invitees to the Leased Land. ACCEPTANCE OF LAND The taking of possession of the Land by the Lessee on the Lease Commencement Date shall constitute an acknowledgment by the Lessee that the Leased Land is in good condition. Upon the Lessor's request, the Lessee shall provide written confirmation of the foregoing. LESSOR'S RIGHTS AND RESPONSIBILITIES Access. The Lessor or its authorized agent or representative will have the right to enter and examine the Land, except for secured areas, for any reasonable purpose with at least two (2) Business Days' prior written notice to the Lessee and in the presence of a designated Lessee representative or at any time in the event of an emergency. If the Leased Land is accessed by the Lessor or its authorized representatives in the case of an emergency, the Lessor shall inform the Lessee in writing within twenty-four (24) hours after such emergency, indicating the nature of the situation and the outcome. INDEMNIFICATION The Lessee agrees to hold the Lessor and its agents, officers, directors and employees harmless against all such claims, except to the extent resulting from the gross negligence or willful misconduct of the Lessor, its agents, contractors or employees during any period of the Term, or to the extent resulting from the ordinary negligence of the Lessor, its agents, contractors or employees during any period following the Management Change Date during which the Lessor is managing the Land
