"Land Lease Agreement Template" - Arizona

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Arizona Land Lease Agreement
This Land Lease Agreement (hereinafter referred to as the “Agreement”) is entered into
as of ____________, by and between ____________________________, with a mailing
address of _______________________________________________________________
__________________________________ (hereinafter referred to as the “Landlord”) and
_____________________________, with a mailing address of _____________________
________________________________________________________________________
(hereinafter referred to as the “Tenant”), collectively referred to as the “Parties,” both of
whom agree to be bound by this Agreement.
1. Agreement to Lease. The Landlord agrees to lease to the Tenant and the Tenant agrees
to lease from the Landlord, according to the terms and conditions set forth herein, the
following real estate (hereinafter referred to as the “Site”):
_______________________________________________________________________
_______________________________________________________________________
_______________________________________________________________________
Legal Land Description
2. Purpose. The Site may be used and occupied only for the following purpose
(hereinafter referred to as the “Permitted Use”):
_______________________________________________________________________
_______________________________________________________________________
_______________________________________________________________________
Purpose of Land Use
Nothing herein shall give the Tenant the right to use the Site for any other purpose
without the prior written consent of the Landlord. The Landlord makes no representation
or warranty regarding the legality of the Permitted Use, and the Tenant will bear all risk
of any adverse change in applicable laws.
3. Term. This Agreement will be for a term beginning on ______________________ and
ending on ______________________ (hereinafter referred to as the “Term”). The Parties
hereto may elect to extend this Agreement upon such terms and conditions as may be
agreed upon in writing and signed by the Parties at the time of any such extension.
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Arizona Land Lease Agreement
This Land Lease Agreement (hereinafter referred to as the “Agreement”) is entered into
as of ____________, by and between ____________________________, with a mailing
address of _______________________________________________________________
__________________________________ (hereinafter referred to as the “Landlord”) and
_____________________________, with a mailing address of _____________________
________________________________________________________________________
(hereinafter referred to as the “Tenant”), collectively referred to as the “Parties,” both of
whom agree to be bound by this Agreement.
1. Agreement to Lease. The Landlord agrees to lease to the Tenant and the Tenant agrees
to lease from the Landlord, according to the terms and conditions set forth herein, the
following real estate (hereinafter referred to as the “Site”):
_______________________________________________________________________
_______________________________________________________________________
_______________________________________________________________________
Legal Land Description
2. Purpose. The Site may be used and occupied only for the following purpose
(hereinafter referred to as the “Permitted Use”):
_______________________________________________________________________
_______________________________________________________________________
_______________________________________________________________________
Purpose of Land Use
Nothing herein shall give the Tenant the right to use the Site for any other purpose
without the prior written consent of the Landlord. The Landlord makes no representation
or warranty regarding the legality of the Permitted Use, and the Tenant will bear all risk
of any adverse change in applicable laws.
3. Term. This Agreement will be for a term beginning on ______________________ and
ending on ______________________ (hereinafter referred to as the “Term”). The Parties
hereto may elect to extend this Agreement upon such terms and conditions as may be
agreed upon in writing and signed by the Parties at the time of any such extension.
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4. Rent. Check one:
☐ The Tenant will pay the Landlord rent of $______________________ on the
Effective Date.
☐ The Tenant will pay the Landlord rent of $______________________ in
monthly installments due on _______ day of each month during the Term.
5. Late Fee. Check one:
☐ The Landlord will not charge a late fee.
☐ Rent paid after the _______ day of each month will be deemed as late; and if
rent is not paid within _______ days after such due date, the Tenant agrees to pay
a late charge of:
☐ _______% of the balance due per day for each day that rent is late.
☐ $______________________.
☐ In annual installments due on the ______________________ each year during
the Term.
6. Prorated Rent. Check one:
☐ Rent for any period during the Term which is for less than one year will be a
pro rata portion of the annual installment. Additional details:
__________________________________________________________________
__________________________________________________________________
__________________________________________________________________
☐ Not applicable.
7. Additional Rent. There may be instances under this Agreement where the Tenant may
be required to pay additional charges to the Landlord. All such charges are considered
additional rent under this Agreement and will be paid with the next regularly scheduled
rent payment. The Landlord has the same rights and the Tenant has the same obligations
with respect to additional rent as they do with rent.
8. Security Deposit. Check one:
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☐ The Tenant is not required to pay a security deposit.
☐ Upon signing this Agreement, the Tenant will pay a security deposit in the
amount of $______________________ to the Landlord. The security deposit will
be retained by the Landlord as security for the Tenant’s performance of its
obligations under this Agreement. If the Tenant does not comply with any of the
terms of this Agreement, the Landlord may apply any or all of the security deposit
to remedy the breach, including to cover any amount owed by the Tenant and/or
any damages or costs incurred by the Landlord due to the Tenant’s failure to
comply. Within _______ days after the termination of this Agreement, the
Landlord will return the security deposit to the Tenant (minus any amount applied
by the Landlord in accordance with this section). Any reason for retaining a
portion of the security deposit will be explained in writing.
9. Interest. Check one:
☐ The security deposit will bear interest while held by the Landlord in accordance
with applicable state laws and/or local ordinances.
☐ The security deposit will not bear interest.
10. Taxes. Check one:
☐ The Tenant shall pay all taxes or assessments which are levied or charged on
the Site during the Term.
☐ The Landlord shall pay all taxes or assessments which are levied or charged on
the Site during the Term.
11. Utilities. Check one:
☐ The Tenant shall pay the cost of all utility services during the Term, including
but not limited to gas, water, and electricity used on the Site.
☐ The Landlord shall pay the cost of all utility services during the Term,
including but not limited to gas, water, and electricity used on the Site.
12. Delivery of Possession. The Landlord will deliver exclusive and lawful possession of
the Site to the Tenant on the start date of the Term. In the event the Landlord is unable to
give possession of the Site to the Tenant on such date, the Landlord will not be subject to
any liability for such failure, the validity of this Agreement will not be affected, and the
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Term will not be extended. The Tenant will not be liable for rent until the Landlord gives
possession of the Site to the Tenant.
13. Holdover Tenancy. Unless this Agreement has been extended by mutual written
agreement of the Parties, there will be no holding over past the Term under the terms of
this Agreement under any circumstances. If the Tenant does retain possession past the
Term, the Tenant shall pay _______% of the then applicable rent computed on a monthly
basis for each month or portion thereof during such holdover. In addition, the Tenant shall
be liable for any damages incurred by the Landlord as a result of the holdover.
14. Condition of the Site. The Tenant has examined the Site and accepts the Site in its
current condition “as is” and “with all faults.” except as expressly set forth herein, the
Landlord makes no representation or warranty, express or implied, or arising by operation
of law, including but not limited to, any warranty of fitness for a particular purpose,
merchantability, habitability, suitability, or condition. The Tenant acknowledges that
Tenant has not relied on any representations or warranties by the Landlord in entering this
Agreement.
15. Use of the Site. The Tenant agrees to use the Site only for the Permitted Use and will
not commit waste upon the Site. The Tenant will, at its sole expense, maintain the Site in
good repair and make all necessary repairs thereto. The Tenant will not use the Site for
any unlawful purpose or in any manner that will materially harm the Landlord’s interest
in the Site.
16. Improvements and Alterations. Check one:
☐ The Tenant may not may make improvements, alterations, additions, or other
changes to the Site without the written approval of the Landlord.
☐ The Tenant may make improvements, alterations, additions, or other changes
to the Site without the written approval of the Landlord. The Tenant agrees that
any construction will be performed in a good and workmanlike manner and will
comply with all applicable laws. All improvements, alterations, additions, or other
changes to the Site shall become the property of the Landlord upon the termination
of this Agreement.
17. Signs. Check one:
☐ The Tenant shall have the right to erect any sign related to its business, on the
condition that such signs comply with the law.
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☐ The Tenant shall not have the right to erect any sign related to its business.
18. Leasehold Mortgage. Check one:
☐ The Tenant does not have the right to grant a mortgage, deed of trust, or other
security instrument in the Tenant’s interest to the Site created by this Agreement
(hereinafter referred to as the “Leasehold Mortgage”) to secure repayment of a
loan made to the Tenant to finance construction of any improvements made to the
Site during the Term.
☐ The Tenant has the right to grant a mortgage, deed of trust, or other security
instrument in the Tenant’s interest to the Site created by this Agreement
(hereinafter referred to as the “Leasehold Mortgage”) to secure repayment of a
loan made to the Tenant to finance construction of any improvements made to the
Site during the Term.
19. Subordinated Lease. Check one:
☐ The Landlord agrees to pledge as collateral or subordinate its interest in the Site
for or to any Leasehold Mortgage if required by any lender of the Tenant.
☐ In no event will any interest of the Landlord in the Site be pledged as collateral
for or be subordinate to any Leasehold Mortgage.
20. No Mechanics Lien. The Tenant will not permit any mechanics or other liens to be
filed against the Landlord’s interest to the Site as a result of any work performed for or
obligations incurred by the Tenant. The Tenant will indemnify the Landlord for any
liability, cost, or expense, including attorney’s fees, in the event any such lien is filed.
21. Permits and Approvals. The Tenant will be responsible for obtaining all licenses,
permits, and approvals required by any federal, state or local authority in connection with
its use of the Site. The Landlord will cooperate with the Tenant and provide the necessary
documents to obtain such licenses, permits, and approvals.
22. Compliance with Laws. The Tenant covenants and agrees to comply with all federal,
state and local laws, regulations and ordinances affecting the Site and use of the Site,
including applicable environmental laws. In addition, the Tenant will comply with all
requirements necessary to keep in force fire and liability insurance covering the Site.
23. Hazardous Substances. The Tenant will not keep or store on the Site any item of a
dangerous, flammable, or explosive character that might unreasonably increase the
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