Sample Billboard Land Lease Agreement

You can opt for a short or long term lease agreement.

Sample billboard land lease agreement. Contract and agreement of billboard lease extract. Renting out personal property is one of the best ways to maximize personal incomes but if you want to get more than rent from tenant you can place a billboard at the top of property or building for lease purposes. A billboard lease will define all the nitty gritty terms of your agreement. Just think about that.

Before entering into a long term lease agreement it is essential to contemplate the possibility of a property redevelopment that can become a significant drawback of having the billboard mounted. The amount you earn from billboard leasing is quite flexible. The obligation of lessee to indemnify lessor and hold lessor harmless shall survive the termination of this lease agreement. Billboard lease contract template can be downloaded here for free to draft a contract for billboard leasing.

There are billboard leases out there that have a provision that if the land owner does not contact them by a certain date the lease rolls over for an additional term of 20 years or whatever the primary term was. You have to remember to contact the company 19 years out or the lease rolls over for another 20 years. If your billboard lease is for a renewal of an existing sign don t assume you ve been getting a fair rate and simply extend the agreement for a small percentage increase. Its a contract between a landlord and a billboard owner.

If you are the owner of land along a highway or major road you may be approached by a billboard company with an offer to lease a portion of your land. Some billboard leases pay a fixed dollar amount without any point of reference. All the aspects are covered in this agreement like electrical power supply taxes duty or maintenance of billboard. That contract builds a happy relationship between you and property owner.

This billboard lease contract helps you in avoiding any mistakes and giving income for your advertising. In the event the premises on which an outdoor advertising structure is located is sold leased improved or developed so as to necessitate the relocation of the outdoor advertising structure. Premises lessor does hereby lease and demise to lessee space for product advertising purposes a portion of the real property located at mango avenue cebu city philippines. Consider the period of the lease.

Land lease agreement pdf sample the sample land lease agreement below details an agreement between the landlord gary e chapell and the tenant marjorie h calhoun gary e chapell agrees to lease the site to marjorie h calhoun for the purpose of operating and managing a multi family residential apartment complex. This is a common and often expensive mistake.