Land Lease Contract Agreement

A land lease agreement is also known as a ground lease agreement and it allows the tenant to use the land owned by a landlord in exchange for a defined amount of rent.

Land lease contract agreement.

While a street address or unit number often suffices for structural leases a land lease agreement requires a more exhaustive legal description. A simple option that you can use when you want to lease out your property and it details out the limits of the property that is under the contract. This file is much easier than others. If there is a relation of trust between the tenant and the owner then the verbal agreement can be made however in order to make the agreement more authentic and to give it legal validity you are required to have a land lease agreement.

You must cite the property s exact boundaries as. A land lease agreement is used to bind the tenant and the owner of the land. These agreements are similar to the manner standard property leases work where the tenants may enter into commercial and residential agreements.