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This resolution approves a development lease agreement between Miami-Dade County and KTMB Acquisitions, LLC, for a 971,388 square foot parcel of land at Miami Executive Airport to develop a fixed base operator terminal and ancillary facilities for a term of 35 years with a minimum investment of $14,750,000. The agreement is designed to facilitate the development of general aviation facilities and benefit the community through job creation and revenue generation.

How to fill out development lease agreement

How to fill out development lease agreement

1. Title the document as 'Development Lease Agreement'.
2. Identify the parties involved: the lessor (property owner) and the lessee (tenant).
3. Clearly describe the leased property, including any applicable plot or parcel numbers.
4. Specify the purpose of the lease (e.g., for development or construction).
5. Define the lease term, including start and end dates.
6. Outline the rent payment terms, amounts, due dates, and acceptable payment methods.
7. Include any security deposit requirements.
8. Detail the responsibilities of each party regarding property maintenance and improvements.
9. State any zoning or regulatory approvals required for the intended development.
10. Include clauses about insurance coverage and liability responsibilities.
11. Specify conditions for termination, renewal, and amendment of the lease.
12. Add a section for dispute resolution procedures.
13. Sign and date the agreement by both parties to finalize.

Who needs development lease agreement?

1. Real estate developers looking to lease land for construction projects.
2. Investors seeking to secure development rights for specific plots.
3. Businesses needing temporary land leases for expansion or event purposes.
4. Local governments or municipalities that require leases for development initiatives.

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What is development lease agreement?

A development lease agreement is a contract between a landowner and a developer that outlines the terms for development on a specific piece of land, including the rights and responsibilities of both parties.

Who is required to file development lease agreement?

Typically, the developer or entity interested in making improvements or changes to the land must file the development lease agreement.

How to fill out development lease agreement?

To fill out a development lease agreement, include details such as the names of the parties involved, property description, lease duration, development plans, payment terms, and any additional conditions agreed upon.

What is the purpose of development lease agreement?

The purpose of a development lease agreement is to establish a clear framework for the development process, ensuring that both the landowner and the developer understand their rights and obligations.

What information must be reported on development lease agreement?

Information that must be reported includes the names and contact details of the parties, a comprehensive description of the property, specific plans for development, and any agreed-upon financial arrangements.