A land lease contract is commenced between the Land owner and the lessee for hiring the land for some official, commercial and personal use purposes. Payment terms, landowner obligation and other legitimate terms are the major requirements of such a contract.

Sample Land Lease Contract:

Contract Number: 34/ LL

Date: December 24th, 2010

This land lease contract is commenced and entered between:

The Land Owner:

Name: Mr. Gomes Smith

Address: House No: 55, Next to Lew Lake Apartments, New York, America

Contact number: 6859 574 4739

Social security number: FGR 68797

Hereinafter known as the “landlord”

AND

The Lessee

Name (individual/ organization): Beethoven Companies Pvt. Ltd

Address: 36/ 8, Industrial Area, Spencer Road, New York, America

Phone number: 7696 686 7879

Hereinafter known as “the lessee”

Official details of the Land to be leased:

Address: 78/ L, Industrial Area- B, Salt Lake City, New York, America

Purpose of leasing land: Development of temporary shelter for storing raw material.

The contract is effective from December 27th, 2010 and is terminating on December 27th, 2011.

Whereas, the landlord is interested to put his land on lease, and the lessee is willing to hire the land for a year.

Underneath mentioned are the covenants promised between both the parties:

Payment terms:

As committed the lessee has already paid $ 3000 as advance money and the rest payment will be made via instalment of $ 450 on 7th of every month.

Landlord responsibility:

The landlord will maintain the full record of payments and will issue a payment receipt on receiving amount.

Lessee duties:

The lessee will share the total expenses of the contract documentation with the landlord and clear all the payments on time. A late payment will be accepted with a $ 100 fine.

Termination:

The termination clause can be true in case if there is any violation to the above mentioned terms or if any issue is encountered between the parties.

Validation if the contract:

Signature of the landlord:

Gomes Smith

Signature of the Lessee:

Rick Harrison

Signature of the Eye witness:

Barbara Smith

Leave a Reply

Your email address will not be published. Required fields are marked *