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GROUND LEASE AGREEMENT BY AND BETWEEN MINOT INTERNATIONAL AIRPORT OF THE CITY OF MINOT, NORTH DAKOTA AND LARRY HUIZEN FOR MINOT INTERNATIONAL AIRPORT FIRST ADDITION, LOT 6Table of Contents 1. . Premises

How to fill out ground lease agreement by

How to fill out ground lease agreement by

1. Start by gathering all the necessary information and documents, such as the names and addresses of the parties involved, the property description, and any special terms or conditions.
2. Read through the entire agreement carefully to understand all the provisions and obligations outlined in the lease.
3. Begin filling out the agreement by entering the names, addresses, and contact information of the lessor (property owner) and lessee (tenant).
4. Include a detailed description of the property being leased, including any improvements, boundaries, or restrictions.
5. Specify the purpose for which the property will be used, any permitted uses, and any restrictions or limitations on use.
6. Outline the lease term, including the start and end dates, any renewal options, and conditions for termination.
7. State the rent amount, payment schedule, and any late fees or penalties for non-payment.
8. Address responsibilities for property maintenance, repairs, insurance, and utilities.
9. Include provisions for any additional agreements or attachments, such as easements or rights of way.
10. Once all the necessary information has been filled out, review the entire agreement again to ensure accuracy and clarity.
11. Have all parties involved sign and date the agreement, and consider getting it notarized for added legal validity.
12. Keep a copy of the fully executed lease agreement for future reference.

Who needs ground lease agreement by?

1. Ground lease agreements are commonly used by property owners who want to lease their land for a specific purpose but retain ownership of the land.
2. Commercial developers or businesses may need a ground lease agreement when they require land for long-term construction or development projects.
3. Government agencies and educational institutions may also use ground lease agreements for temporary or permanent land use.
4. Individuals or organizations interested in farming or agriculture may need a ground lease agreement to lease farmland for cultivation or grazing purposes.
5. Overall, anyone looking to lease land for a specific period and purpose can benefit from a ground lease agreement.

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