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GROUND LEASE AGREEMENT BY AND BETWEEN MINOT INTERNATIONAL AIRPORT OF THE CITY OF MINOT, NORTH DAKOTA AND OF AVIATION, LLC. FOR BLOCK 9, LOT 8Table of Contents 1. Premises and Initial Term .......................................................................................................
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Gather all necessary information and documents such as property details, rent amount, lease term, and any additional terms.
02
Review the agreement thoroughly and make sure all parties involved understand and agree to the terms.
03
Fill out the agreement with accurate and detailed information.
04
Have all parties sign and date the agreement in the presence of a notary public or witness.
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Make copies of the signed agreement for all parties involved for record keeping.

Who needs ground lease agreement by?

01
Real estate developers looking to lease land for development purposes.
02
Property owners wanting to generate income from their land without selling it.
03
Tenants looking to lease land for commercial or residential purposes.
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A ground lease agreement is a long-term lease arrangement in which a tenant is allowed to develop a property owned by a landlord. It typically involves leasing land for a specified period, during which the tenant can construct buildings or make improvements.
The tenant or lessee who is entering into a ground lease agreement with the property owner is typically required to file the agreement, depending on local regulations.
To fill out a ground lease agreement, one must include details such as the parties involved, property description, lease term, rent amount, maintenance responsibilities, and any clauses regarding improvements or termination.
The purpose of a ground lease agreement is to allow a tenant to use and develop land for a specified period while ensuring that the landowner retains ownership of the property.
A ground lease agreement must report information such as the leasing parties' names, property description, duration of the lease, rent amount, terms of use, maintenance obligations, and any restrictions or provisions regarding improvements.
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