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16R254Introduce: 112116 RESOLUTION NO. A 1BE IT RESOLVED by the City Council of the City of Lincoln, Nebraska:2That the attached Grant Contract between the Board of Trustees of the3Community Health

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How to fill out construction and ground lease

01

To fill out a construction and ground lease, follow these steps:

02

Begin by reviewing the lease agreement thoroughly to understand the terms and conditions.

03

Enter the full legal names and contact information of both the lessee (tenant) and lessor (landlord).

04

Provide a detailed description of the property being leased, including its address and any specific boundaries or areas.

05

Clearly state the purpose of the lease, whether it is for construction purposes, ground lease, or both.

06

Specify the lease term, including the start and end dates, renewal options, and any termination provisions.

07

Outline the rental payment terms, including the amount, frequency, and acceptable methods of payment.

08

Include any additional financial provisions, such as security deposits, late fees, or rent adjustments.

09

Describe the permitted use and activities on the property, ensuring compliance with local zoning regulations.

10

Address any maintenance and repair responsibilities, specifying who is responsible for what.

11

Include any insurance requirements, such as liability insurance, naming both parties as additional insured.

12

Define the dispute resolution process, including any mediation or arbitration clauses.

13

Both parties should carefully review the lease agreement before signing and seek legal advice if necessary.

14

Sign and date the lease agreement in the presence of witnesses, if required by local laws.

15

Make copies of the fully executed lease agreement for both parties to keep for their records.

Who needs construction and ground lease?

01

Construction and ground lease agreements are typically needed by:

02

- Real estate developers who require land for constructing buildings or infrastructure.

03

- Tenants who want to lease land for building purposes, such as erecting a commercial or residential property.

04

- Landowners who are willing to lease their property to tenants for construction or ground lease purposes.

05

- Investors who want to enter into long-term leasing arrangements for income generation.

06

- Legal professionals involved in drafting and reviewing lease agreements for their clients.

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What is construction and ground lease?

Construction and ground lease is an agreement between a landowner and a developer where the developer leases the land to build a structure.

Who is required to file construction and ground lease?

The developer or lessee is required to file the construction and ground lease.

How to fill out construction and ground lease?

The construction and ground lease must be filled out with details of the lease agreement, construction plans, and terms of the lease.

What is the purpose of construction and ground lease?

The purpose of construction and ground lease is to allow a developer to use the land for construction purposes while the landowner retains ownership of the land.

What information must be reported on construction and ground lease?

The construction and ground lease must include details of the parties involved, lease terms, construction plans, and any other relevant information.

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