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GROUND LEASE AGREEMENT between PORT OF LONGVIEW Landlord and HAVEN ENERGY TERMINALS LLC Tenant Dated:, 2015 Premises at the Port of Longview, County of Cowling, State of Washington TABLE OF CONTENTS

How to fill out ground lease agreement

How to fill out a ground lease agreement?

1. Begin by gathering all necessary information: Before filling out a ground lease agreement, gather all the required information such as the names and addresses of the parties involved, the duration and terms of the lease, and any specific provisions or clauses that need to be included.
2. Identify the property: Clearly state the legal description or address of the property that is being leased. This helps to avoid any confusion or disputes in the future.
3. Define the lease term: Indicate the start and end dates of the lease term. Specify whether it is a fixed term lease or a periodic lease that automatically renews.
4. Set the rent and payment terms: Clearly state the agreed-upon rent amount and how it will be paid (e.g., monthly, quarterly, annually). Include any late payment penalties or grace periods if applicable.
5. Outline permitted uses and restrictions: Specify the purpose for which the property will be used, and any restrictions or limitations on its use. This ensures that both parties are on the same page regarding the permissible activities on the leased property.
6. Include maintenance and repair responsibilities: Determine who is responsible for maintaining and repairing the property. Clearly outline the obligations of both parties to avoid any confusion or disputes in the future.
7. Address insurance and liability: Specify the insurance requirements for the property and determine who will bear the liability for any damages or injuries that may occur on the property.
8. Include default and termination clauses: Establish the consequences and procedures in case of default by either party. Clearly state the grounds for termination and any notice requirements that must be followed.
9. Seek legal advice: It is recommended to consult with a lawyer or legal professional experienced in real estate matters to ensure that the lease agreement complies with all relevant laws and regulations.

Who needs a ground lease agreement?

1. Property owners: Individuals or entities who own land or property and wish to lease it to someone else can benefit from a ground lease agreement. This helps them establish their rights, obligations, and expectations with the lessee.
2. Developers or tenants: Developers looking to build structures or tenants seeking long-term access to land can use a ground lease agreement to formalize their leasehold rights and ensure clarity with the property owner.
3. Investors and lenders: Investors or lenders who provide financing for a ground lease project may require a ground lease agreement to protect their interests and ensure that the property will be available for the intended use during the lease term.

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What is ground lease agreement?

Ground lease agreement is a lease of land only, on which the tenant is given the right to construct a building.

Who is required to file ground lease agreement?

The owner of the land and the tenant are required to file the ground lease agreement.

How to fill out ground lease agreement?

Ground lease agreement can be filled out by specifying the terms of the lease, such as duration, rent amount, responsibilities of each party, etc.

What is the purpose of ground lease agreement?

The purpose of ground lease agreement is to outline the rights and responsibilities of the landowner and the tenant in a lease agreement specifically for land.

What information must be reported on ground lease agreement?

The ground lease agreement must include details such as the names of the parties involved, the duration of the lease, the rent amount, and any other terms and conditions of the lease.