Blog Article

Agreement For Renting Land

Land leases are concluded between companies that want to use land and those that own that country. Agreements may be for commercial, agricultural or recreational purposes. When drafting a lease, it is important to ensure that responsible and responsible expectations are clearly articulated, so that there is little doubt between the parties about the use and management of the country. One land lease that has attracted a lot of attention is President Trump`s 60-year ground lease with the U.S. General Services Administration for the Old Post Office, which now houses the Trump International Hotel Washington D.C. A provision of the lease agreement states that no elected U.S. official may participate in or benefit from the lease in a partisan manner, making President Trump a violation of the agreement. A ground lease allows a person who owns land to lease that land to another person or company. . . .

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