[{"data":1,"prerenderedAt":520},["ShallowReactive",2],{"document-ground-lease-agreement-D12868":3},{"document":4,"label":23,"preview":11,"thumb":24,"thumb600":25,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":26,"breadcrumb":30,"related":38,"customDescModule":176,"customdescription":6,"mdFm":177,"mdProseHtml":519},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":16,"keywords":15},"GROUND LEASE AGREEMENT This Ground Lease Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [FIRST PARTY NAME] (the \"Landlord\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [SECOND PARTY NAME] (the \"Tenant\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] WHEREAS the Landlord wishes to lease its property to the Tenant so that the Tenant can use it to develop it for the purpose as mentioned further in the Agreement. WHEREAS the Tenant wishes to take the property on lease and develop it for the purpose as mentioned further in the Agreement. NOW THEREFORE, in consideration of the Premises and of the mutual agreements contained in this Agreement, the Parties hereto agree as follows: GRANT AND TERM Grant: Premises The Landlord is the owner of certain real property located at ___________________, state/city/province of ___________________________________ legally described on Exhibit A attached hereto and made a part hereof (the \"Land\"). The Landlord wishes to lease that portion of the Land (the \"Premises\") to the Tenant. For and in consideration of the agreement of the Tenant to pay Rent (as hereinafter defined) and other sums herein provided, and to perform the terms, covenants and conditions herein contained, the full performance and observance of which are hereby agreed to by the Tenant, the Landlord hereby leases to the Tenant, and the Tenant hereby leases from the Landlord, the Premises. Term The Term of this Lease shall commence on the date hereof (the \"Commencement Date\"), and shall continue in effect for a Term of (____) years (the \"Initial Term\"), unless sooner terminated as provided herein. The Tenant shall have five (5) consecutive options to renew and extend the Term of this Lease upon the same terms and conditions contained herein for five (5) consecutive periods of five (5) years each (the \"Renewal Terms\"), provided that no default exists at the time of exercise of any such option, unless the Landlord waives such default. Such options shall be exercised by written notice from the Tenant to the Landlord, received by the Landlord not less than one hundred eighty (180) days prior to the expiration of the Term, as extended. As used herein, the term \"Lease Year\" means a period of twelve (12) consecutive calendar months beginning on the Commencement Date, and the Term shall mean the period from the Commencement Date through to the Expiration Date. PURPOSE Purpose The Tenant intends to construct and operate _________________________________________ upon the Premises. Compliance; Restrictions The Tenant shall not use or occupy the Premises, or permit the Premises to be used or occupied: (i) contrary to any statute, rule, order, ordinance, requirement or regulation applicable thereto; (ii) in any manner which would violate any certificate of occupancy affecting the same; (iii) in any manner which would cause structural injury to the Improvements; (iv) in any manner which would cause the value or usefulness of the Premises, or any part thereof, to diminish; or (v) in any manner which would constitute a public or private nuisance or waste. The Tenant and all Subtenants (as hereinafter defined), shall not (i) use the Premises or any Improvements now or hereafter constructed thereon for: (i) the treatment, storage, disposal, burial, or placement of any \"hazardous substance\" (as that term is defined under applicable laws), pollutants, contaminants or any other substance, the treatment, storage, disposal, burial or placement of which is regulated under any state, federal or local statute, law, rule, regulation or ordinance, except to the extent that such are generally used in offices or are reasonably required in the normal practice of any Subtenant's medical specialty, and then only to the extent permitted by, and in strict compliance with, applicable law; or (ii) permit the release of any hazardous substance, pollutants, contaminants or other substances regulated under applicable federal, state or local statute, rule, regulation or ordinance onto the Premises or into the subsurface thereof or into any surface or ground waters unless said use or release is in compliance with all applicable statutes, laws, rules, regulations and ordinances or pursuant to a valid and current permit or permits from all governmental authorities having jurisdiction over the Tenant, the Premises or the use and occupancy of the Premises by the Tenant and the Subtenants. The Landlord acknowledges and agrees that the Landlord shall indemnify and hold the Tenant and the Subtenants harmless from and against any and all losses, costs, liabilities and claims relating to the treatment, storage, disposal, burial or placement of any hazardous substance at the Premises prior to the date the Tenant accepts possession and control of the Premises (the \"Possession Date\"). Prohibited Use If the use of the Premises by the Tenant or any Subtenant, through no act or fault of the Tenant or such Subtenant should at any time during the Term be prohibited by law, ordinance or other governmental regulation, or prevented by injunction, this Lease shall remain in full force and effect, notwithstanding the passage of such law, ordinance, governmental regulation or injunction, provided, however, that in the event that the uses set forth in Section 2.1 are prohibited as aforesaid, the Tenant shall have the right to use the Premises for any other lawful purpose not inconsistent with the provisions of Section 2.2 above. RENT The Tenant shall pay the Landlord the following amounts: Rent: Upon the Effective Date, the Tenant shall pay to the Landlord as rent (\"Rent\") for the Leased Premises, the sum of ________________________________________yearly. No Setoff All Rents shall be paid to the Landlord without demand and without setoff at the offices of the Landlord specified herein, or at such other address as the Landlord may from time to time designate to the Tenant by notice in the manner hereinafter provided. Net Lease Except as may otherwise be specifically provided in this Lease or by agreement by the Parties, it is the intention of the Landlord and the Tenant that the Rent herein specified shall be completely net to the Landlord in each year during the Term of this Lease, that all costs, expenses and obligations of every kind relating to the Premises which may arise or become due during the Term of this Lease shall be paid by the Tenant, and that the Landlord shall be indemnified by the Tenant against such costs, expenses and obligations, provided, however, that the Tenant shall be under no obligation to pay interest on any mortgage on the fee of the Premises, any franchise or income tax payable by the Landlord, or any gift, inheritance, transfer, estate or succession tax by reason of any present or future law which may be enacted during the Term of this Lease. All taxes, charges, costs and expenses which the Tenant is required to pay under this Lease, together with all interest and penalties that may accrue thereon in the event of the Tenant's failure to pay such amounts, and all damages, costs and expenses which the Landlord may incur by reason of any default of the Tenant or failure on the Tenant's part to comply with the Term of this Lease, shall be deemed to be additional rent hereunder (hereinafter called \"Additional Rent\"), and, in the event of nonpayment by the Tenant, the Landlord shall have all the rights and remedies with respect thereto as the Landlord has for the nonpayment of the above specified Base Annual Rent. This Lease shall be liberally construed in favor of the Landlord, to give effect to the above intention of the Parties that this shall be an absolutely net Lease",null,"Ground Lease Agreement","23",513,"doc","https://templates.business-in-a-box.com/imgs/1000px/ground-lease-agreement-D12868.png","https://templates.business-in-a-box.com/imgs/250px/12868.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12868.xml",{"title":15,"description":6},"ground lease agreement",[17,20],{"label":18,"url":19},"Real Estate","/templates/real-estate-business/",{"label":21,"url":22},"Business Checklists","/templates/business-checklists/","Ground Lease Agreement Template","https://templates.business-in-a-box.com/imgs/400px/12868.png","https://templates.business-in-a-box.com/imgs/600px/12868.png",[27,17,20],{"label":28,"url":29},"Templates","/templates/",[31,32,35],{"label":28,"url":29},{"label":33,"url":34},"Legal Agreements","/templates/business-legal-agreements/",{"label":36,"url":37},"Real Estate & Leases","/templates/real-estate-and-leases/",[39,43,47,51,55,59,63,67,71,75,79,83,87,103,119,132,148,162],{"label":40,"url":41,"thumb":42,"extension":10},"Agreement to Lease","/template/agreement-to-lease-D1164","https://templates.business-in-a-box.com/imgs/250px/1164.png",{"label":44,"url":45,"thumb":46,"extension":10},"Exclusive Lease Agreement","/template/exclusive-lease-agreement-D12808","https://templates.business-in-a-box.com/imgs/250px/12808.png",{"label":48,"url":49,"thumb":50,"extension":10},"Land Lease Agreement","/template/land-lease-agreement-D13423","https://templates.business-in-a-box.com/imgs/250px/13423.png",{"label":52,"url":53,"thumb":54,"extension":10},"Storage Lease Agreement","/template/storage-lease-agreement-D13779","https://templates.business-in-a-box.com/imgs/250px/13779.png",{"label":56,"url":57,"thumb":58,"extension":10},"Lease Assignment Agreement","/template/lease-assignment-agreement-D13021","https://templates.business-in-a-box.com/imgs/250px/13021.png",{"label":60,"url":61,"thumb":62,"extension":10},"Agreement to Cancel Lease","/template/agreement-to-cancel-lease-D1163","https://templates.business-in-a-box.com/imgs/250px/1163.png",{"label":64,"url":65,"thumb":66,"extension":10},"Industrial Lease Agreement","/template/industrial-lease-agreement-D5212","https://templates.business-in-a-box.com/imgs/250px/5212.png",{"label":68,"url":69,"thumb":70,"extension":10},"Commercial Lease Agreement","/template/lease-agreement-D1179","https://templates.business-in-a-box.com/imgs/250px/1179.png",{"label":72,"url":73,"thumb":74,"extension":10},"Lease To Own Agreement","/template/lease-to-own-agreement-D12870","https://templates.business-in-a-box.com/imgs/250px/12870.png",{"label":76,"url":77,"thumb":78,"extension":10},"Option to Lease Agreement","/template/option-to-lease-agreement-D1193","https://templates.business-in-a-box.com/imgs/250px/1193.png",{"label":80,"url":81,"thumb":82,"extension":10},"Month To Month Lease Agreement","/template/month-to-month-lease-agreement-D12660","https://templates.business-in-a-box.com/imgs/250px/12660.png",{"label":84,"url":85,"thumb":86,"extension":10},"Apartment Lease Agreement","/template/apartment-lease-agreement-D12760","https://templates.business-in-a-box.com/imgs/250px/12760.png",{"description":88,"descriptionCustom":6,"label":89,"pages":90,"size":9,"extension":10,"preview":91,"thumb":92,"svgFrame":93,"seoMetadata":94,"parents":96,"keywords":95,"url":102},"REAL ESTATE PURCHASE AGREEMENT This Real Estate Purchase Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [SELLER NAME], (the \"Seller\") an individual with his main address located at OR a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [PURCHASER NAME], (the \"Purchaser\") an individual with his main address located at OR a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] Collectively, the Seller and Purchaser shall be referred to as the \"Parties.\" WHEREAS, the Seller is the owner of the real property located at [ADDRESS OF PROPERTY] (hereinafter referred to as the \"Property\") and the Purchaser is interested in buying the Property from the Seller pursuant to the following terms and conditions. WHEREAS, in consideration of and as a condition of the Seller selling the Property and the Purchaser purchasing the Property and other valuable consideration, the receipt and sufficiency of which are acknowledged here; NOW, THEREFORE, the Parties agree as follows: PROPERTY The Property is situated at [SPECIFY ADDRESS] and the legal description of the Property is as follows: [SPECIFY LEGAL DESCRIPTION OF PROPERTY] which includes with it but is not limited to permits, easements, and cooperative and association memberships (the \"Property\"). The Seller agrees to sell and convey to the Purchaser and the Purchaser agrees to purchase the Property from the Seller. The Seller shall release possession, occupancy, existing keys and/or means to operate all locks, mailbox, security system/alarms and all common area facilities to the Purchaser on the Closing Date. The Seller agrees that all the existing fixtures on the Premises, and any existing personal property including but not limited to light fixtures, fireplace, ceiling fans, lighting, and storage sheds shall be included in this sale and shall be transferred with no monetary value, and free and clear of all liens or encumbrances. PAYMENT OF PURCHASE PRICE The Purchaser agrees to pay to the Seller [SPECIFY AMOUNT] for the Property. At the time of signing of the Agreement, the Purchaser shall make the payment of [SPECIFY PERCENTAGE] % of the total amount. The remaining amount shall be transferred to the Seller on the Closing Date. The Purchaser is entitled to pay the amount by any of the following modes: [SPECIFY MODES OF PAYMENT]. TITLE INSURANCE The Seller shall furnish to the Purchaser an owner's policy of title insurance (the \"Title Insurance\") from [SPECIFY INSURANCE COMPANY] (the \"Title Company\") in an amount of the Sales Price dated as of the date that the sale of the Property becomes final, and the Purchaser takes possession, which insures and indemnifies the Purchaser against loss, as stipulated under the provisions of the Title Policy, subject to exceptions contained therein. TITLE COMMITMENT At the Seller's sole cost, the Seller will furnish or cause to be furnished to the Purchaser a commitment for the Title Insurance and copies of restrictive covenants and documents evidencing the exceptions in the Commitment. DISCLOSURES BY THE SELLER The Seller shall send disclosures to the Purchaser, within 28 days of signing of this Agreement, in which he shall disclose the details of the Property under various categories. The categories include: Boundaries. Changes made to the Property (extensions, alterations). Shared areas with neighbors, formal and informal agreements. Disputes or complaints (made by or about the Seller). Occupiers (who live at the Property). Guarantees and warranties affecting the Property. Environmental matters. The relevant issues disclosed to the Purchaser shall include, but are not limited to the following: Any disputes with neighbors that have resulted in written exchanges, or police or local authority involvement. Whether the neighbors have any anti-social behavior orders. Planning permission on the Property that is pending, granted or denied. Problems with pests, current or historic. Flooding issues, current or historic. Structural issues. Whether there is a flight path nearby or one planned. Whether there is a motorway within view or one planned. A previous sale falling through due to bad survey results on the Property. The neighborhood having high levels of crime. A violent death that occurred at the Property. Notwithstanding anything contained in the foregoing provisions, the Seller shall disclose all such information which would materially affect the Purchaser's consent to purchase the Property. WARRANTY BY THE SELLER The Seller has full power and authority to enter into and perform this Agreement in accordance with its terms; The individuals executing this Agreement on behalf of the Seller are authorized to do so and, upon execution hereof, this Agreement shall be binding upon and enforceable against the Seller; The Seller has no actual knowledge of any impending lawsuits with respect to the Property; The Seller represents and warrants that there will be no liens, assessments, or security interests from third parties against the Property on the Closing Date; The Seller warrants and shall maintain and repair the Premises so that at the time of possession, all the heating, cooling, mechanical, plumbing and electrical systems, and built-in appliances shall be in working condition; The Seller warrants that the Premises, including all additional existing personal property included in the sale, will be in substantially the same condition, except the changes caused by reasonable wear and tear or irresistible force, as on the date of acceptance of the Agreement; The Seller warrants that no damage would be caused to the Property, by any improvement work being carried out by the Seller in the Property, to substantially reduce its value or damage it in a way to make its enjoyment difficult. WARRANTY BY THE PURCHASER The Purchaser has full power and authority to enter into and perform this Agreement in accordance with its terms; and Any individual executing this Agreement on behalf of the Purchaser is authorized to do so, and, upon execution hereof, this Agreement shall be binding upon and enforceable against the Purchaser. INDEMNIFICATION The Seller will bear all the risk of loss to the Property or its improvements, which includes but is not limited to physical damage or destruction to the Property, or loss caused by eminent domain, until the Closing Date. If prior to the Closing Date, the Property is damaged or destroyed, the Seller will restore the Property to its previous condition as soon as possible before the Closing Date. The Seller agrees to defend, indemnify, and hold the Purchaser harmless from and against all claims, liabilities, obligations, costs, expenses, and reasonable attorney's fees arising out of or related to: Any breach or inaccuracy of representation or warranty of the Seller made in this Agreement; Any failure by the Seller to perform any covenant required to be performed by it under this Agreement; Any liability or obligation of any third party assumed by the Seller in accordance with the terms of this Agreement; Use of the Property before the Closing Date. PRORATION The Seller and the Purchaser agree to proration of the following items: Title Insurance and Closing Fee: The Seller shall pay all costs of the Title Commitment and the premium as applicable under law. Recording Costs: The Purchaser shall pay the cost of the deed and all other documents. Real Estate Taxes and Special Assessments: All real estate property taxes, levies and assessments as of the Closing","Real Estate Purchase Agreement","8","https://templates.business-in-a-box.com/imgs/1000px/real-estate-purchase-agreement-D13234.png","https://templates.business-in-a-box.com/imgs/250px/13234.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13234.xml",{"title":95,"description":6},"real estate purchase agreement",[97,99],{"label":33,"url":98},"business-legal-agreements",{"label":100,"url":101},"Purchase & Sale Agreements","purchase-sale-agreement","/template/real-estate-purchase-agreement-D13234",{"description":104,"descriptionCustom":6,"label":105,"pages":106,"size":107,"extension":10,"preview":108,"thumb":109,"svgFrame":110,"seoMetadata":111,"parents":112,"keywords":117,"url":118},"LICENSE AGREEMENT This License Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Indemnitor\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [LICENSEE NAME] (the \"Indemnitee\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] In consideration of the mutual promises contained in this agreement, the parties agree as follows: GRANT OF LICENSE; DESCRIPTION OF PREMISES Licensor grants to licensee a license to occupy and use, subject to all of the terms and conditions of this agreement, the following described property located in [CITY], [STATE/PROVINCE]: [insert legal description]. LIMITATION TO DESCRIBED PURPOSE The above-described property may be occupied and used by licensee solely for [specify primary purpose(s)] and for incidental purposes related to such purpose during the period beginning [date], and continuing until this agreement is terminated as provided in this agreement. PERIODIC PAYMENTS Licensee shall pay licensor for this license at the rate of [AMOUNT] per [month] payable in advance. The first payment shall be made on the date of the beginning of the period specified above. Subsequent payments shall be made in advance promptly on the [day of each month] thereafter during the continuation of this agreement. VARIABLE PAYMENTS In addition to making the payments provided for in Section Three of this agreement, licensee shall make payments based on the extent of utilization of the above-described property. Such payments shall be at the rate of [SPECIFY]. The first payment under this provision shall cover the period from and including [date], to and including [date], and shall be due and payable on [date]. Subsequent payments shall cover [NUMBER] intervals after [date], and each such payment shall be due and payable [NUMBER] days after the expiration of the [TIME] interval to which it is applicable. All payments shall be supported by appropriate statements certified by licensee. TERMINATION Either party may terminate this agreement at any time, without regard to payment periods by giving written notice to the other, specifying the date of termination, such notice to be given not less than [NUMBER] days prior to the date specified in such notice for the date of termination. Should the above-described property, or any essential part of such property, be totally destroyed by fire or other casualty, this agreement shall immediately terminate; and, in the case of partial destruction, this agreement may be terminated by either party by giving written notice to the other, specifying the date of termination, such notice to be given within [NUMBER] days following such partial destruction and not less than [NUMBER] days prior to the termination date specified in such notice.","License Agreement","3",43,"https://templates.business-in-a-box.com/imgs/1000px/license-agreement-D1180.png","https://templates.business-in-a-box.com/imgs/250px/1180.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1180.xml",{"title":6,"description":6},[113,114],{"label":33,"url":98},{"label":115,"url":116},"License Agreements","license-agreement","license agreement","/template/license-agreement-D1180",{"description":120,"descriptionCustom":6,"label":121,"pages":122,"size":9,"extension":10,"preview":123,"thumb":124,"svgFrame":125,"seoMetadata":126,"parents":128,"keywords":127,"url":131},"AMENDMENT AGREEMENT This Amendment Agreement (\"Agreement\") is entered into effect as of [DATE], BETWEEN: [FIRST PARTY NAME], (\"First Party\"), an individual with their main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [SECOND PARTY NAME], (\"Second Party\") an individual with their main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, the Parties entered into the Original Agreement, which they now wish to amend; AND WHEREAS, the Parties mutually desire to amend the Original Agreement on the terms and conditions set forth in this Amendment; NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, and intending to be legally bound, the Parties agree to amend the Original Agreement as follows: AMENDMENTS TO THE ORIGINAL AGREEMENT Modification of Terms: Clause [NUMBER] of the Original Agreement is hereby amended to read as follows: [NEW AMENDED LANGUAGE, PROVIDING A CLEAR AND DETAILED DESCRIPTION OF THE AMENDMENTS, INCLUDING ANY CHANGED RESPONSIBILITIES, TIMELINES, FINANCIAL TERMS, OR OTHER SIGNIFICANT ASPECTS]. Addition of Terms: The following new clause is added to the Original Agreement as Clause [NUMBER]: [DETAILED DESCRIPTION OF THE NEW CLAUSE, INCLUDING ITS SCOPE, APPLICATION, AND HOW IT INTEGRATES WITH THE EXISTING CLAUSES].","Amendment Agreement","2","https://templates.business-in-a-box.com/imgs/1000px/amendment-agreement-D13872.png","https://templates.business-in-a-box.com/imgs/250px/13872.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13872.xml",{"title":127,"description":6},"amendment agreement",[129,130],{"label":33,"url":98},{"label":33,"url":98},"/template/amendment-agreement-D13872",{"description":133,"descriptionCustom":6,"label":134,"pages":135,"size":136,"extension":10,"preview":137,"thumb":138,"svgFrame":139,"seoMetadata":140,"parents":141,"keywords":146,"url":147},"TERMINATION OF LEASE OBLIGATION This Release Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Lessor\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [LESSEE NAME] (the \"Lessee\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] TERMS On [date], a lease agreement was executed between Lessor and Lessee for the premises located at [address], a copy of which is attached hereto and made a part hereof. [facts giving rise to this release] The parties desire to settle all claims of Lessor with respect to said lease and to terminate all obligations of either party thereunder","Termination of Lease Obligation","1",29,"https://templates.business-in-a-box.com/imgs/1000px/termination-of-lease-obligation-D1202.png","https://templates.business-in-a-box.com/imgs/250px/1202.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1202.xml",{"title":6,"description":6},[142,144],{"label":18,"url":143},"real-estate-business",{"label":21,"url":145},"business-checklists","termination lease obligation","/template/termination-of-lease-obligation-D1202",{"description":149,"descriptionCustom":6,"label":150,"pages":106,"size":9,"extension":10,"preview":151,"thumb":152,"svgFrame":153,"seoMetadata":154,"parents":156,"keywords":155,"url":161},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [RECEIVING PARTY NAME] (the \"Receiving Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda","https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":155,"description":6},"non disclosure agreement nda",[157,158],{"label":33,"url":98},{"label":159,"url":160},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":163,"descriptionCustom":6,"label":164,"pages":165,"size":166,"extension":10,"preview":167,"thumb":168,"svgFrame":169,"seoMetadata":170,"parents":171,"keywords":174,"url":175},"OFFER TO PURCHASE This Offer to Purchase (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Purchaser\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Vendor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] We, (the\" Purchaser\") hereby offer to purchase from you, (the \"Vendor\") upon and subject to the terms and conditions herein, the immoveable property described as: [DESCRIBE - INCLUDING PLAN AND BOOK OF REFERENCE OF, REGISTRATION DIVISION] together with the building thereon erected, bearing civic number [NUMBER] on the street [STREET], in the City of [CITY], [State/Province] of [STATE/PROVINCE] (hereinafter referred to as the \"Property\"), as the said Property now subsists including, except to the extent not owned by Vendor and subject to all rights of tenants in the building (a) all permanent electrical fixtures, (b) all permanently installed heating equipment, (c) all equipment, tools and supplies used in the daily operation of the Property, (d) all equipment, furniture and supplies used in the administration of the Property, and (e) all rights of the Vendor in any operating agreements, licenses, trademarks, leases and metro access agreements related to the Property or the administration thereof, including without limiting the foregoing, all of the Vendor's rights as lessee in that certain lease with the for certain parking facilities under, which lease shall provide for at least [NUMBER] parking spaces (the \"Parking Facility\") for a term of at least [NUMBER] years at an annual net rental of [AMOUNT] to be adjusted annually based on the Consumer Price Index. 2. PURCHASE PRICE The total purchase price for the Property (the \"Purchase Price\") shall be the sum of [AMOUNT] payable as follows: a) The amount of [AMOUNT] by check to the order of our attorneys, [INDIVIDUAL NAME] in Trust, which shall be delivered to the said payee upon your acceptance hereof and shall be applied on account of the Purchase Price at Closing (as hereinafter defined) or otherwise dealt with as hereinafter provided, which sum shall be invested in a certificate of deposit with a [COUNTRY] chartered bank until Closing. All interest on such deposit shall, except as herein provided to the contrary, be payable to Purchaser; and b) The amount of [AMOUNT] shall be paid by bank draft at Closing to [INDIVIDUAL NAME] in Trust. The parties hereto agree than an amount of [AMOUNT] of the Purchase Price will be remitted to the Vendor upon the registration of the deed of sale without adverse entries and subject to the discharge of all hypothecs and privileged claims which may affect the Property. An amount of [AMOUNT] from the Purchase Price will be held by the offices of [INDIVIDUAL NAME] in Trust as guarantee for the fulfillment of the various warranties of the Vendor pursuant to the provisions of this offer, and any other documents to be executed by the Vendor pursuant to the provisions hereof. The said sum of [AMOUNT] will be held by [INDIVIDUAL NAME] in Trust and dealt with and disposed of by them pursuant to the provisions of Section 9 hereof. No privilege or hypothec shall secure the payment of the said amount of [AMOUNT], the entire sale price shall be deemed for the purposes of the deed of sale to have been paid in full upon the execution of the deed of sale. 3. CLOSING Subject as herein provided, a Deed of Sale giving effect hereto shall be executed before Purchaser's notary at the offices of [INDIVIDUAL NAME], [FULL ADDRESS], [STATE/PROVINCE], and the payment referred to in Section 2(b) above will be made, such actions being herein referred to as the \"Closing\", on, [DATE] (the \"Closing Date\") at [HOUR] a.m./p.m., or at such other time and place as may be mutually agreed upon between us. 4. CONDITIONS PRECEDENT TO CLOSING This Offer is made subject to the following conditions, each of which is of the essence hereof: a) Within [NUMBER] days of Vendor's acceptance hereof, Vendor will, at its expense, furnish Purchaser with: (i) An up-to-date Certificate of Location prepared by a qualified land surveyor showing the Property in its present state and condition; (ii) Executed copies of all contracts and agreements relating to the Property which are then in force or may come into force prior to the Closing, including, any operating agreements, licenses, leases in favor of the Property, metro access agreements and all contracts relating to parking, heating, ventilation and air conditioning, elevators, cleaning, pest control and security (collectively called the \"Contracts\"); and (iii) Executed copies of all leases and accepted offers to lease of premises forming part of the Property, including without limitation, any subleases to which Vendor has consented in writing (the said leases, offers to lease and subleases being herein collectively called the \"Space Leases\"); (iv) Audited financial statements of gross rental revenue, property taxes and operating expenses for the [NUMBER]-year period ended [DATE], and unaudited financial statements for the period ended [DATE] to the date hereof; (v) An executed copy of the lease with the City of [CITY] for the Parking Facility. b) Purchaser and its agents shall be permitted at any reasonable time during normal business hours, upon the request of the Purchaser giving reasonable notice, during the period commencing with the date of acceptance by Vendor of this Offer and terminating at [HOUR] a.m./p.m. on [DATE] to enter upon the Property for the purpose of inspecting or surveying it, provided that the business operations being conducted thereon are not adversely affected, and Vendor shall give Purchaser and its agents full access to the Property and shall make available to the Purchaser, in addition to the documents referred to at a) i), ii), iii), iv) and v) above, all documents which may be pertinent in establishing the value of the Property, and without limiting the foregoing, Vendor's complete files containing: (i) Copies of all plans, drawings and specifications for the Property (including without limitations, plans for leasehold or tenants' improvements in the possession of the Vendor); (ii) Copies of any and all engineering reports and architectural reports the Vendor has obtained in respect of the Property; (iii) Copies of all operating statements, sales reports, participation rental receipts and claims, accounting records and other records pertaining to operating costs, recoveries and participation rents from tenants held by the Vendor; (iv) Copies of all supporting invoices relating to the financial statements furnished by the Vendor at a) iv) above; (v) Copies of all contracts with general contractors, contractors, workmen, suppliers of material, in respect of work presently being carried out with respect to the Property; (vi) Copies of all insurance policies relating to the Property; (vii) Copies of all recent correspondence from tenants of the Property; (viii) Copies of all recent correspondence from the City of [CITY] or other statutory authorities concerning the Property, and any work presently being carried out thereto; (ix) Copies of all correspondence or litigation files or appraisals relating to any current contestation of the municipal evaluation of the Property; Purchaser agrees to keep all such information confidential in the event the Closing does not take place","Offer to Purchase Real Estate Property","12",89,"https://templates.business-in-a-box.com/imgs/1000px/offer-to-purchase_real-estate-property-D1190.png","https://templates.business-in-a-box.com/imgs/250px/1190.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#1190.xml",{"title":6,"description":6},[172,173],{"label":18,"url":143},{"label":21,"url":145},"offer to purchase real estate property","/template/offer-to-purchase-real-estate-property-D1190",false,{"seo":178,"reviewer":189,"legal_disclaimer":193,"quick_facts":194,"at_a_glance":196,"personas":200,"variants":225,"glossary":250,"clauses":284,"how_to_fill":335,"common_mistakes":376,"faqs":401,"industries":429,"comparisons":446,"diy_vs_lawyer":461,"jurisdictions":474,"related_template_ids_curated":495,"schema":507,"classification":508},{"meta_title":179,"meta_description":180,"primary_keyword":181,"secondary_keywords":182},"Free Ground Lease Agreement Template – Word & PDF","Free ground lease agreement template for landowners and tenants. Covers land use rights, improvements, rent, term, and reversion. Used in 190+ countries.","ground lease agreement template",[15,183,184,185,186,187,188],"ground lease template word","long term land lease agreement","ground lease contract template","commercial ground lease template","ground lease agreement free download","subordinated ground lease template",{"name":190,"credential":191,"reviewed_date":192},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":195,"legal_review_recommended":193,"signature_required":193,"notarization_required":176},"advanced",{"what_it_is":197,"when_you_need_it":198,"whats_inside":199},"A Ground Lease Agreement is a long-term lease in which a tenant rents land from a landowner and retains the right to construct, own, and operate improvements on that land during the lease term. This template is a free Word download you can edit online and export as PDF — covering land description, rent and escalation, improvement rights, financing provisions, reversion, and termination in a single structured document.\n","Use it when a developer, business, or investor wants to build on or occupy land they do not own, and the landowner prefers to retain title while receiving steady rental income. It is also used by landowners who want to monetize property without an outright sale.\n","Parties and land description, lease term, base rent and escalation schedule, improvement rights and ownership, financing and subordination provisions, insurance and maintenance obligations, default and remedies, reversion of improvements, and governing law.\n",[201,205,209,213,217,221],{"title":202,"use_case":203,"icon_asset_id":204},"Commercial developers","Building on leased land to preserve capital for construction and operations","persona-real-estate-developer",{"title":206,"use_case":207,"icon_asset_id":208},"Landowners and land trusts","Monetizing land through long-term income without transferring title","persona-property-owner",{"title":210,"use_case":211,"icon_asset_id":212},"Retail and hospitality operators","Securing a site for a hotel, restaurant, or store on land they cannot purchase","persona-retailer",{"title":214,"use_case":215,"icon_asset_id":216},"Municipal and institutional entities","Leasing publicly or institutionally owned land to private developers for mixed-use projects","persona-nonprofit-exec",{"title":218,"use_case":219,"icon_asset_id":220},"Energy and infrastructure companies","Leasing land for solar farms, wind installations, or utility infrastructure over 20–50 year terms","persona-operations-director",{"title":222,"use_case":223,"icon_asset_id":224},"Franchise and chain operators","Acquiring site control without a full purchase when buying land is not part of the business model","persona-franchise-applicant",[226,230,233,237,241,244,247],{"situation":227,"recommended_template":228,"slug":229},"Leasing land for a commercial development project with financing","Ground Lease Agreement (Subordinated)","ground-lease-agreement-D12868",{"situation":231,"recommended_template":232,"slug":229},"Leasing land to a residential developer for a multifamily project","Residential Ground Lease Agreement",{"situation":234,"recommended_template":235,"slug":236},"Leasing land to a solar or wind energy operator","Solar/Wind Energy Land Lease Agreement","land-lease-agreement-D13423",{"situation":238,"recommended_template":239,"slug":240},"Short-term land use for temporary structures or events","Land Use License Agreement","land-use-restriction-agreement-D13425",{"situation":242,"recommended_template":68,"slug":243},"Leasing an entire property including buildings already on the land","lease-agreement-D1179",{"situation":245,"recommended_template":246,"slug":236},"Farmland leased to an agricultural operator","Agricultural Land Lease Agreement",{"situation":248,"recommended_template":249,"slug":236},"Government-owned land leased to a private party for development","Public Land Lease Agreement",[251,254,257,260,263,266,269,272,275,278,281],{"term":252,"definition":253},"Ground Lease","A long-term lease — typically 25 to 99 years — in which the tenant leases only the land and retains ownership of any buildings or improvements constructed on it during the term.",{"term":255,"definition":256},"Reversion","The return of ownership of improvements — buildings, structures, fixtures — to the landowner at the end of the lease term, unless the agreement provides otherwise.",{"term":258,"definition":259},"Leasehold Interest","The tenant's legal right to possess and use the leased land for the duration of the term, which can itself be mortgaged or assigned subject to the lease's terms.",{"term":261,"definition":262},"Fee Interest","The landowner's permanent ownership of the underlying land, which is separate from the leasehold interest held by the tenant.",{"term":264,"definition":265},"Subordinated Ground Lease","A ground lease in which the landowner agrees that a lender's mortgage on the leasehold interest takes priority over the landowner's fee interest, making lender financing easier to obtain.",{"term":267,"definition":268},"Unsubordinated Ground Lease","A ground lease in which the landowner's fee interest remains superior to any leasehold mortgage, protecting the landowner from foreclosure risk but limiting the tenant's financing options.",{"term":270,"definition":271},"Rent Escalation Clause","A contractual provision that increases base rent over time according to a fixed percentage, CPI index, fair market value reassessment, or a combination of methods.",{"term":273,"definition":274},"Estoppel Certificate","A written statement by the tenant (or landowner) confirming the current status of the lease — rent paid, no defaults, term remaining — typically required by lenders or buyers.",{"term":276,"definition":277},"Leasehold Mortgage","A mortgage secured against the tenant's leasehold interest rather than the land itself, used to finance construction or improvements on the leased site.",{"term":279,"definition":280},"Net Lease","A lease structure in which the tenant pays base rent plus some or all of property taxes, insurance, and maintenance costs — common in ground leases to keep the landowner's obligations minimal.",{"term":282,"definition":283},"Attornment","The tenant's agreement to recognize a new landowner or mortgagee as landlord following a sale or foreclosure, preserving the lease rather than triggering termination.",[285,290,295,300,305,310,315,320,325,330],{"name":286,"plain_english":287,"sample_language":288,"common_mistake":289},"Parties, land description, and recitals","Identifies the landowner (lessor) and tenant (lessee) as legal entities, provides the full legal description of the land being leased, and summarizes the purpose of the agreement.","This Ground Lease Agreement ('Agreement') is entered into as of [DATE] between [LANDOWNER LEGAL NAME], a [STATE/PROVINCE] [ENTITY TYPE] ('Lessor'), and [TENANT LEGAL NAME], a [STATE/PROVINCE] [ENTITY TYPE] ('Lessee'). Lessor owns the land described in Exhibit A ('Land'), located at [ADDRESS].","Using a street address as the sole land description instead of the full legal description from the title deed. An imprecise description can make the agreement unenforceable or create boundary disputes years into the term.",{"name":291,"plain_english":292,"sample_language":293,"common_mistake":294},"Lease term and options to renew","States the initial lease period — typically 25 to 99 years — the commencement date, expiration date, and any options the tenant holds to extend the term.","The initial term of this Lease shall commence on [DATE] and expire on [DATE], a period of [X] years ('Initial Term'). Lessee shall have [NUMBER] option(s) to renew for additional periods of [X] years each, exercisable by written notice no later than [X] months prior to expiration.","Setting a lease term shorter than the useful life of the planned improvements. If a tenant builds a 40-year building on a 30-year lease, lenders will not finance the project and the tenant loses the building at expiry without adequate renewal options.",{"name":296,"plain_english":297,"sample_language":298,"common_mistake":299},"Base rent and escalation schedule","Sets the initial annual or monthly rent, the date it begins, and the mechanism for increasing it over the term — fixed step-up, CPI adjustment, fair market value reset, or a combination.","Lessee shall pay base rent of $[AMOUNT] per year ('Base Rent'), payable monthly in advance beginning on [DATE]. Base Rent shall increase by [X]% on each anniversary of the Commencement Date [OR: reset to fair market value every [X] years as determined by the appraisal process in Section [X]].","Using CPI-only escalation without a floor or cap. Unrestricted CPI resets can produce rent swings that neither party can plan around. Include a minimum annual increase (e.g., 2%) and a maximum (e.g., 6%) to bound outcomes.",{"name":301,"plain_english":302,"sample_language":303,"common_mistake":304},"Improvement rights and ownership","Grants the tenant the right to construct, alter, and demolish improvements on the land and confirms that the tenant owns those improvements during the lease term.","Lessee shall have the right, at its sole cost, to construct, install, maintain, alter, and remove improvements on the Land ('Improvements'), subject to Lessor's prior written approval, not to be unreasonably withheld. All Improvements shall be owned by Lessee during the Lease Term.","Omitting a landowner approval threshold for alterations. Without a materiality threshold (e.g., approval required only for structural work exceeding $[X]), every minor renovation triggers a consent requirement, causing operational delays.",{"name":306,"plain_english":307,"sample_language":308,"common_mistake":309},"Reversion of improvements at expiry","Specifies what happens to buildings and structures at the end of the lease — whether they revert to the landowner, must be removed, or can be negotiated at the time.","Upon expiration or earlier termination of this Lease, all Improvements then located on the Land shall, at Lessor's sole election, either (a) become the property of Lessor free of any lien or encumbrance, or (b) be removed by Lessee at Lessee's cost, with the Land restored to its original condition.","Leaving reversion terms vague or silent. Without a clear election mechanism, disputes over removal costs and improvement ownership routinely arise at expiry, leading to litigation over assets worth millions.",{"name":311,"plain_english":312,"sample_language":313,"common_mistake":314},"Financing, subordination, and non-disturbance","Addresses whether the landowner's fee interest is subordinated to the tenant's leasehold mortgage, and includes non-disturbance protections confirming the lender will not terminate the lease upon foreclosure.","Lessor agrees to execute a Subordination, Non-Disturbance, and Attornment Agreement ('SNDA') in favor of any Leasehold Mortgagee in a form reasonably acceptable to Lessor. [If subordinated:] Lessor hereby subordinates its fee interest to the lien of any Leasehold Mortgage approved in writing by Lessor.","Refusing to include any SNDA language in an unsubordinated ground lease. Lenders require at minimum a non-disturbance covenant — without it, no institutional lender will finance the tenant's construction, making the project commercially unviable.",{"name":316,"plain_english":317,"sample_language":318,"common_mistake":319},"Insurance and maintenance obligations","Allocates responsibility for maintaining the land and improvements, sets minimum insurance coverage requirements, and names the landowner as an additional insured.","Lessee shall, at its expense, maintain the Land and all Improvements in good condition and repair. Lessee shall procure and maintain: (a) commercial general liability insurance of at least $[X] per occurrence; (b) property insurance on Improvements at full replacement cost; and (c) workers' compensation as required by law. Lessor shall be named as additional insured on all policies.","Setting fixed minimum insurance amounts without an inflation-adjustment mechanism. A $2M liability minimum written in Year 1 of a 50-year lease may be grossly inadequate by Year 20 — include a periodic review clause tied to CPI or market standards.",{"name":321,"plain_english":322,"sample_language":323,"common_mistake":324},"Default, cure periods, and remedies","Defines what constitutes a default by either party, the time allowed to cure, and the remedies available — including the lender's right to cure a tenant default before the lease is terminated.","Lessee shall be in default if it fails to pay rent within [X] days of its due date, or fails to perform any other obligation within [X] days after written notice. Prior to terminating this Lease for Lessee's default, Lessor shall give any Leasehold Mortgagee [X] days' written notice and opportunity to cure.","Omitting the leasehold mortgagee's independent cure right. Without it, a lender loses the collateral securing its loan the moment the tenant defaults — no institutional lender will accept that risk, and the tenant cannot obtain financing.",{"name":326,"plain_english":327,"sample_language":328,"common_mistake":329},"Assignment, subletting, and transfer","Sets the conditions under which the tenant may assign the lease or sublet the land, and any consent rights the landowner retains.","Lessee may not assign this Lease or sublet the Land without Lessor's prior written consent, not to be unreasonably withheld or delayed. Consent shall not be required for an assignment to a Permitted Transferee, defined as an entity controlling, controlled by, or under common control with Lessee.","Requiring landowner consent for all transfers, including internal corporate restructurings. This inadvertently blocks routine reorganizations and entity conversions. Carve out permitted transfers to affiliates and successors by merger or acquisition.",{"name":331,"plain_english":332,"sample_language":333,"common_mistake":334},"Governing law, notices, and entire agreement","States the jurisdiction whose law governs the agreement, the required method and addresses for formal notices, and confirms the document supersedes all prior negotiations.","This Agreement is governed by the laws of [STATE/PROVINCE/COUNTRY]. Notices shall be in writing and delivered by certified mail or overnight courier to the addresses in Schedule B. This Agreement constitutes the entire agreement of the parties and supersedes all prior representations, understandings, and negotiations.","Failing to include a notarization or recording requirement where applicable. In many US states and Canadian provinces, a ground lease with a term exceeding a statutory threshold (commonly 3–7 years) must be recorded in the land registry to bind subsequent owners and lenders.",[336,341,346,351,356,361,366,371],{"step":337,"title":338,"description":339,"tip":340},1,"Identify the parties using full legal entity names","Enter both parties' complete registered names, entity types, and states or provinces of formation. Include the registered address for each entity and confirm both match any title or corporate registry records.","For the landowner, confirm the entity that holds title matches the signing party exactly — a mismatch between the deed and the lease creates a title defect that can block financing.",{"step":342,"title":343,"description":344,"tip":345},2,"Attach the full legal land description as Exhibit A","Use the metes-and-bounds or lot-and-block description from the most recent deed or title commitment. Do not rely on a street address or informal parcel description.","Order a current title report before signing — it reveals existing liens, easements, or encumbrances that may limit how the tenant can use or improve the land.",{"step":347,"title":348,"description":349,"tip":350},3,"Set the lease term relative to the planned improvements","Choose a primary term that exceeds the expected useful life of any buildings by at least 10–15 years, then add renewal options to cover the full financing period. A 40-year building should sit in at least a 50-year lease with renewal options.","Lenders typically require that the lease term (including exercisable options) extend at least 5–10 years beyond the maturity date of any construction or permanent financing.",{"step":352,"title":353,"description":354,"tip":355},4,"Draft the rent and escalation schedule with floors and caps","Set a base rent that reflects current land value, then define the escalation method — fixed-step, CPI, or periodic fair market value appraisal. Pair each method with a minimum and maximum annual increase.","If using fair market value resets, specify the appraisal methodology, the number of appraisers, and the tie-breaking process in a Schedule rather than leaving it to 'mutual agreement.'",{"step":357,"title":358,"description":359,"tip":360},5,"Define improvement rights and the landowner approval process","Specify what construction or alteration work requires prior landowner consent, set a reasonable review and response period (e.g., 20 business days), and define the consequences of silence.","Include a deemed-approval provision: if the landowner does not respond within the review period, consent is deemed granted. This prevents the tenant from being held hostage to an unresponsive landowner.",{"step":362,"title":363,"description":364,"tip":365},6,"Negotiate and include SNDA terms","If the tenant will finance construction with a leasehold mortgage, agree on the form of Subordination, Non-Disturbance, and Attornment Agreement and attach it as an exhibit. Confirm the landowner will execute it promptly upon any lender's request.","Have the lender review the SNDA exhibit before the ground lease is executed — negotiating SNDA terms after closing is significantly harder and can delay financing by months.",{"step":367,"title":368,"description":369,"tip":370},7,"Allocate insurance requirements with inflation adjustment","Set minimum coverage amounts for general liability, property, and workers' compensation. Include a clause requiring review every 5 years to adjust minimums to then-current market standards.","Name the landowner as additional insured and loss payee on property coverage, and require certificate delivery within 10 days of the policy effective date.",{"step":372,"title":373,"description":374,"tip":375},8,"Record the lease where required and retain executed originals","Determine whether the governing jurisdiction requires recording for leases of the agreed term. If so, have the lease notarized and record it in the applicable land registry before any construction begins.","Recording protects the tenant against the landowner conveying the land to a third party who claims not to be bound by the lease — a risk that is especially acute in long-term agreements.",[377,381,385,389,393,397],{"mistake":378,"why_it_matters":379,"fix":380},"Using an informal land description instead of the legal description","A ground lease tied to a street address or a sketch rather than the deed's metes-and-bounds description can be challenged as legally insufficient, leaving both parties with an unrecordable, potentially unenforceable agreement.","Pull the legal description from the most recent deed or title commitment and attach it verbatim as Exhibit A. Have a title officer confirm it before execution.",{"mistake":382,"why_it_matters":383,"fix":384},"Setting a lease term shorter than the planned improvement's useful life","A developer who builds a 40-year structure on a 25-year lease loses the building at expiry with no compensation and cannot obtain construction financing — lenders require the term to outlast their loan.","Structure the primary term plus renewal options to exceed the longer of the improvement's useful life or the longest financing maturity by at least 10 years.",{"mistake":386,"why_it_matters":387,"fix":388},"Omitting the leasehold mortgagee's independent cure right","Without an explicit lender cure-right provision, a tenant default allows the landowner to terminate the lease immediately — wiping out the lender's security interest and making the project unfinanceable from the outset.","Include a clause giving any leasehold mortgagee written notice of default and a separate cure period of at least 30–60 days beyond the tenant's cure period before the landlord may terminate.",{"mistake":390,"why_it_matters":391,"fix":392},"Leaving reversion terms vague or silent","Silence on reversion routinely produces end-of-term disputes over whether the landowner must pay for improvements, whether the tenant must demolish, and who bears the cost — disputes that can run into millions of dollars.","Specify the landowner's election right, the timeline for exercising it, and which party bears demolition and restoration costs. Attach a schedule with a list of improvement types if the project is complex.",{"mistake":394,"why_it_matters":395,"fix":396},"No rent escalation floor or cap on CPI-linked increases","Uncapped CPI escalation has produced rent increases of 8–10% in high-inflation years, destabilizing tenant operations, and floors below 1% have left landowners receiving effectively diminishing real returns for decades.","Set a minimum annual escalation (e.g., 2%) and a maximum (e.g., 6%), and include a periodic fair market value reset every 10–15 years as a long-term correction mechanism.",{"mistake":398,"why_it_matters":399,"fix":400},"Failing to record the ground lease in the land registry","An unrecorded lease does not bind a subsequent purchaser of the land who lacks actual notice — meaning the tenant can lose possession of a site on which they have invested millions in improvements.","Determine the recording threshold in the applicable jurisdiction and record a memorandum of lease or the full agreement before any construction or capital deployment begins.",[402,405,408,411,414,417,420,423,426],{"question":403,"answer":404},"What is a ground lease agreement?","A ground lease agreement is a long-term lease — typically 25 to 99 years — in which a landowner leases bare land to a tenant who then constructs and owns buildings or other improvements on that land during the lease term. At the end of the term, the improvements typically revert to the landowner unless the agreement provides otherwise. Ground leases allow developers to access sites without purchasing the underlying land, preserving capital for construction and operations.\n",{"question":406,"answer":407},"How does a ground lease differ from a regular commercial lease?","In a standard commercial lease, the tenant rents a fully built space and owns no improvements. In a ground lease, the tenant rents only bare land and retains ownership of any buildings they construct during the term. Ground leases are also significantly longer — typically 40–99 years compared to 3–15 years for commercial leases — because the tenant needs sufficient time to amortize their investment in the improvements. The reversion of improvements at expiry is a defining feature that has no equivalent in standard commercial leasing.\n",{"question":409,"answer":410},"What is the difference between a subordinated and unsubordinated ground lease?","In a subordinated ground lease, the landowner's fee interest is subordinated to the tenant's leasehold mortgage, meaning a lender's claim takes priority over the landowner's — which makes it significantly easier for the tenant to obtain financing. In an unsubordinated ground lease, the landowner's fee interest remains superior to any mortgage, protecting the landowner from foreclosure risk but limiting the tenant's ability to secure institutional construction or permanent financing. Most lenders require at minimum a non-disturbance agreement even in unsubordinated structures.\n",{"question":412,"answer":413},"Who owns the buildings on a ground-leased property?","During the lease term, the tenant owns any improvements they construct on the land. The land itself remains the property of the landowner throughout. At the end of the lease term, improvements typically revert to the landowner by operation of the reversion clause, though some agreements require the tenant to demolish and remove structures at their own cost. The specific outcome depends entirely on what the ground lease provides.\n",{"question":415,"answer":416},"How long should a ground lease term be?","The term should exceed the expected useful life of any planned improvements by at least 10–15 years to allow full amortization. A commercial building with a 40-year useful life should sit in a lease of at least 50–55 years, with renewal options that extend the total available term to 75–99 years. Lenders typically require that the lease term (primary plus exercisable options) extend at least 5–10 years beyond the maturity of any financing they provide against the leasehold.\n",{"question":418,"answer":419},"What is a leasehold mortgage and how does it work?","A leasehold mortgage is a mortgage secured by the tenant's leasehold interest — the right to occupy and use the land — rather than fee ownership of the land itself. Lenders accept leasehold mortgages when the ground lease contains adequate protections: a long remaining term, a lender cure-right provision, a non-disturbance agreement from the landowner, and estoppel certificate delivery obligations. Without these provisions, the leasehold is not considered bankable collateral by most institutional lenders.\n",{"question":421,"answer":422},"Does a ground lease need to be recorded?","In most US states, a lease with a term exceeding a statutory threshold — commonly 3 to 7 years depending on the state — must be recorded to bind subsequent purchasers of the land. In Canada, long-term leases are generally registrable under provincial land title systems, and many practitioners record a short-form memorandum rather than the full agreement to protect confidential terms. Failure to record exposes the tenant to losing possession if the landowner sells to a buyer without actual notice of the lease.\n",{"question":424,"answer":425},"What happens to improvements at the end of a ground lease?","The outcome depends on the reversion clause. Most ground leases provide the landowner with an election right: either take the improvements as-is at no cost, or require the tenant to demolish and restore the land to its original condition. Some agreements include a purchase obligation, requiring the landowner to pay appraised value for improvements. Leaving reversion terms vague is one of the most common and costly drafting errors in ground lease agreements, as it routinely produces expensive end-of-term litigation.\n",{"question":427,"answer":428},"Do I need a lawyer to draft a ground lease agreement?","For any ground lease involving significant construction, institutional financing, or a term exceeding 25 years, legal review is strongly recommended. Ground leases interact with real estate finance, land title law, and construction law in ways that a template alone cannot fully address. A template is a sound starting point that reduces drafting time and cost, but a real estate attorney familiar with the applicable jurisdiction should review the agreement — particularly the subordination, reversion, and default cure provisions — before execution.\n",[430,434,438,442],{"industry":431,"icon_asset_id":432,"specifics":433},"Commercial Real Estate Development","industry-real-estate","Developers use ground leases to build office, retail, or mixed-use projects on land they cannot purchase, with leasehold financing structures supported by SNDA agreements and lender cure rights.",{"industry":435,"icon_asset_id":436,"specifics":437},"Energy and Infrastructure","industry-manufacturing","Solar, wind, and utility operators require 25–50 year ground leases that include performance-based rent, decommissioning obligations, and clear reversion language for equipment removal.",{"industry":439,"icon_asset_id":440,"specifics":441},"Hospitality and Retail","industry-retail","Hotel and chain retail operators use ground leases to secure high-value urban or resort sites where landowners will not sell, structuring rent as a fixed base plus a percentage of gross revenue.",{"industry":443,"icon_asset_id":444,"specifics":445},"Government and Institutional","industry-professional-services","Municipalities, universities, and land trusts use ground leases to enable private development on public or endowment land while retaining long-term ownership and receiving steady income without a taxable disposition.",[447,450,454,458],{"vs":68,"vs_template_id":448,"summary":449},"commercial-lease-agreement-D155","A commercial lease covers an existing built space — the tenant rents a finished premises and owns nothing permanently. A ground lease covers bare land only; the tenant constructs and owns the improvements. Ground leases are dramatically longer (40–99 years vs. 3–15 years) and include reversion, leasehold financing, and improvement-ownership clauses that standard commercial leases do not contain. Use a commercial lease when the space already exists; use a ground lease when the tenant will build.",{"vs":451,"vs_template_id":452,"summary":453},"Land Purchase Agreement","real-estate-purchase-agreement-D12894","A land purchase agreement transfers fee ownership of the land permanently to the buyer. A ground lease retains the landowner's fee interest while granting the tenant long-term possession rights. Landowners choose ground leases when they want income without relinquishing ownership or triggering a taxable capital gain. Developers choose purchases when long-term equity appreciation in the land is part of the investment thesis and financing allows.",{"vs":455,"vs_template_id":456,"summary":457},"Farm Lease Agreement","farm-lease-agreement-D12886","A farm lease is a short-to-medium-term agricultural land lease — typically 1 to 5 years — focused on crop production, tillage rights, and farm management. Ground leases are long-term development-oriented instruments with improvement ownership, leasehold financing, and reversion provisions that agricultural leases do not need. The two instruments serve fundamentally different purposes even though both involve leasing unimproved land.",{"vs":105,"vs_template_id":459,"summary":460},"license-agreement-D183","A license grants a revocable personal right to use land for a specific limited purpose — parking, signage, a temporary structure — without creating a possessory interest. A ground lease grants the tenant an exclusive, financeable leasehold estate in the land. Licenses are short-term and do not support construction financing; ground leases are long-term and support major capital investment. Courts will sometimes recharacterize an informal license as a lease if the grantee exercises exclusive possession.",{"use_template":462,"template_plus_review":466,"custom_drafted":470},{"best_for":463,"cost":464,"time":465},"Short-term or low-value land leases, preliminary term-sheet drafting, or internal planning before engaging counsel","Free","1–2 hours",{"best_for":467,"cost":468,"time":469},"Ground leases with terms of 10–25 years involving modest improvements and no institutional financing","$500–$1,500 for a real estate attorney review","3–7 days",{"best_for":471,"cost":472,"time":473},"Long-term leases involving construction financing, institutional lenders, public land, or complex reversion and subordination structures","$3,000–$15,000+ depending on complexity and jurisdiction","2–8 weeks",[475,480,485,490],{"code":476,"name":477,"flag_asset_id":478,"note":479},"us","United States","flag-us","Ground lease law is governed by individual state statute and common law. Many states require leases exceeding 3–7 years to be recorded to bind third parties. California, New York, and Hawaii have active ground lease markets with well-developed case law. Non-disturbance and leasehold mortgage protections are standard lender requirements in all major US markets. Some states impose a documentary transfer tax on lease execution or assignment.",{"code":481,"name":482,"flag_asset_id":483,"note":484},"ca","Canada","flag-ca","Ground leases are governed by provincial land titles and landlord-tenant legislation. Ontario and British Columbia have active commercial ground lease markets, and registration under the provincial land title system is strongly recommended for terms exceeding 3 years. Quebec ground leases (baux emphytéotiques) are governed by the Civil Code of Quebec and must be notarized and published in the land register to be opposable to third parties. French-language drafting is required for Quebec instruments.",{"code":486,"name":487,"flag_asset_id":488,"note":489},"uk","United Kingdom","flag-uk","Long leases in England and Wales must be registered at HM Land Registry if the term exceeds 7 years. Ground leases (often called headleases) are common in the residential sector and are subject to the Leasehold Reform Acts, which provide tenants with statutory rights including lease extension and collective enfranchisement. Commercial ground leases are less regulated but are typically in excess of 125 years for development sites. Stamp Duty Land Tax applies on lease premium and, in some cases, on rent.",{"code":491,"name":492,"flag_asset_id":493,"note":494},"eu","European Union","flag-eu","Ground lease equivalents exist across EU member states under different names — emphyteusis (Netherlands, Belgium, Italy), Erbbaurecht (Germany), and bail emphytéotique (France). German Erbbaurecht is among the most developed, with terms of 60–99 years and statutory rent adjustment mechanisms. GDPR applies to the processing of personal data in connection with lease administration. Member state formality requirements — notarization, registration, and stamp duties — vary significantly and must be confirmed locally.",[243,496,497,498,499,500,501,502,503,504,505,506],"agreement-to-lease-D1164","real-estate-purchase-agreement-D13234","license-agreement-D1180","amendment-agreement-D13872","termination-of-lease-obligation-D1202","non-disclosure-agreement-nda-D12692","offer-to-purchase-real-estate-property-D1190","property-management-agreement-D1196","construction-agreement-D13002","partnership-agreement-D12551","memorandum-of-understanding-D12548",{"emit_how_to":193,"emit_defined_term":193},{"primary_folder":98,"secondary_folder":509,"document_type":510,"industry":511,"business_stage":512,"tags":513,"confidence":518},"real-estate-and-leases","agreement","real-estate","all-stages",[511,514,515,516,517],"ground-lease","lease-agreement","landlord-tenant","property-development",0.95,"\u003Ch2>What is a Ground Lease Agreement?\u003C/h2>\n\u003Cp>A \u003Cstrong>Ground Lease Agreement\u003C/strong> is a long-term lease — typically ranging from 25 to 99 years — in which a landowner leases bare land to a tenant who then has the right to construct, own, and operate buildings or other improvements on that land for the duration of the lease term. Unlike a standard commercial lease where the tenant occupies an existing built space, a ground lease starts with vacant or underutilized land and makes the tenant responsible for all development. The tenant's buildings and improvements are legally separate from the land during the term, meaning the tenant holds a leasehold interest in the land while the landowner retains the underlying fee interest. At the end of the lease, improvements typically revert to the landowner by operation of the reversion clause — one of the defining features that makes ground lease drafting uniquely complex.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Without a properly drafted ground lease, both parties face serious and concrete risks. A landowner who leases on informal or vague terms may find that improvements revert without adequate documentation of their right to those assets — or conversely, be stuck paying demolition costs the parties never discussed. A tenant who builds millions of dollars of improvements on an undocumented or improperly structured lease cannot obtain construction financing, because lenders require specific protections — lender cure rights, non-disturbance covenants, and adequate term — before accepting a leasehold as collateral. An unrecorded lease exposes the tenant to losing possession entirely if the landowner sells to a new buyer. Vague rent escalation language produces disputes that neither party can resolve without litigation. This template establishes the complete framework — term, rent, improvement rights, financing provisions, reversion, default, and governing law — in a single structured Word document that can be edited online, reviewed by counsel, and executed before any capital is deployed.\u003C/p>\n",1780924251330]