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| Subject:
Sample Land Lease Contract & Standard Land Lease Terms
Category: Miscellaneous Asked by: windandrain-ga List Price: $5.00 |
Posted:
08 Jul 2004 09:58 PDT
Expires: 07 Aug 2004 09:58 PDT Question ID: 371371 |
I would like to find a sample commercial land lease contract. Also if you can provide me with some good resources that speak about standard land lease terms. When I say land lease, I am talking about a standard 50 - 99 year land lease where one party may build a building on another parties land and they work out an arrangement over a fixed number of years. EXTRA NOTE Are there land leases where the party who builds doesn't have to pay any monthly or yearly land cost, but rather the owner of the land simply gets the land at the end of the term? |
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| There is no answer at this time. |
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| Subject:
Re: Sample Land Lease Contract & Standard Land Lease Terms
From: neilzero-ga on 08 Jul 2004 16:02 PDT |
99 year leases and life rights were common in the USA, 150 years ago, but rare the past 100 years. What location are you interested in? I think lawyers and court desisions killed the long term lease, as courts tend to hold the owner libel as well as the party leasing, so the owner would reasonably want enough money up front to pay for a century of liability insurance. The owner also needs to pay the taxes as it is a pain to nag the person leasing to pay the taxes. Leans can also be put on the property without the knowledge of the owner. Important changes occur in the laws, easments, customs and assesments in much less than a century. Typically even a 5 year lease is considered risky by owners. No payment for 99 years won't happen, unless the owner wants to do you a big favor IMHO. I can't think of a situation where the owner has asurance of gain, as the structures built by the decendents of the person leasing could have less than zero value to the decendent of the owner in the 99th year when the lease ended and the owner could recover a toxic waste dump in the 99th year. Neil |
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