99 Year Ground Lease

Use this comprehensive template to prepare a 99 Year Ground Lease for land that will be developed as the site of a commercial office and retail project.

• The minimum yearly rental for the land is calculated as the greater of (a) a specified fixed amount or (b) a percentage of the annual net rentals generated by the developed property.
• In addition to minimum annual rent, the developer (as lessee) will pay the costs of clearing the land and obtaining surrenders of leases from any existing tenants.
• The lessee has a right of first refusal if the land owner (lessor) decides to sell or dispose of its interest in the land.
• The lessee is responsible for carrying sufficient and proper insurance, for paying all taxes, charges, liens and utility costs for the property.
• The lessee has the right to assign the lease or to mortgage or otherwise encumber the property without the consent of the lessor.

The 99 Year Ground Lease template is a generic form that can be used in many regions. Downloadable and editable. Get your copy now.