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This Ground Lease is an agreement between the Port of Tacoma and Tacoma School District No. 10 for the lease of approximately 30,830 square feet of land located at 1203 East D Street in Tacoma, where
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How to fill out ground lease
How to fill out ground lease
01
Identify the parties involved in the lease: landlord and tenant.
02
Specify the location of the property being leased.
03
State the duration of the lease agreement.
04
Outline the rent payment terms, including amounts and due dates.
05
Include details about property maintenance responsibilities.
06
Specify any conditions for renewal or termination of the lease.
07
Review and sign the document, ensuring it is notarized if required.
Who needs ground lease?
01
Developers looking to build on land they do not own.
02
Businesses needing land for commercial operations.
03
Investors seeking to lease land for long-term projects.
04
Public agencies needing to manage land use effectively.
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What is ground lease?
A ground lease is a long-term lease agreement where a tenant is permitted to develop a property on leased land, with the landowner retaining ownership of the land.
Who is required to file ground lease?
The party who is leasing the land, typically referred to as the tenant or lessee, is responsible for filing the ground lease.
How to fill out ground lease?
To fill out a ground lease, the parties involved need to specify details such as the lease term, rental payments, property description, and obligations of both the lessor and lessee.
What is the purpose of ground lease?
The purpose of a ground lease is to provide a framework for the development and use of land while maintaining ownership of the land by the lessor.
What information must be reported on ground lease?
The ground lease must report information including the parties involved, property description, lease duration, payment terms, and any specific conditions or restrictions applicable to the lease.
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