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GROUND LEASE This GROUND LEASE (Lease) is made by and between the CITY OF VANCOUVER, a Washington municipal corporation, hereinafter referred to as Lessor, and ___ LLC, a [Delaware] limited liability
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01
Read through the waterfront gateway ground lease agreement document thoroughly to understand all the terms and conditions.
02
Fill in the necessary information such as names of parties involved, lease term, rental amount, payment schedule, permitted uses of the property, and any other specific terms that apply.
03
Make sure to provide signatures of all parties involved in the lease agreement to make it legally binding.
04
Have the lease agreement reviewed by a legal expert to ensure all clauses are in compliance with local laws and regulations.
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Keep a copy of the filled out waterfront gateway ground lease for your records.

Who needs waterfront gateway ground lease?

01
Potential tenants looking to lease property in the waterfront gateway area.
02
Property owners or landlords who want to lease out their waterfront gateway property.
03
Real estate developers or companies interested in developing projects in the waterfront gateway area.
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A waterfront gateway ground lease is a contractual agreement that allows a lessee to use and develop a specific parcel of land located near a waterfront for a designated period, typically involving commercial or public use, while the landlord retains ownership of the land.
Generally, the entity or individual who holds the ground lease, typically the lessee or tenant, is required to file the waterfront gateway ground lease as part of regulatory compliance.
To fill out a waterfront gateway ground lease, the lessee must provide details such as the names of the parties involved, property description, lease term, rental terms, any specific obligations, permits needed, and sign the document according to local regulations.
The purpose of a waterfront gateway ground lease is to facilitate the development and use of waterfront properties while ensuring that landowners retain ownership, often leading to improved public access and economic development in waterfront areas.
Information reported typically includes the parties' names, property description, terms of the lease, any agreed-upon developments, payment terms, compliance requirements, and duration of lease.
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