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Facility Lease Agreement (Draft v2)
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Facility Lease Agreement (Draft v2) - attorney-drafted template. Party names and deal-specific details have been replaced with neutral placeholders. Review before use.
[DRAFT]
LEASE AGREEMENT
[COMPANY]
as Landlord
AND
[COMPANY]
as Tenant
LEASE AGREEMENT
This Lease Agreement (“Lease“) is made and entered into as of the date on which the last one of Landlord and Tenant has executed this Lease (“Effective Date“), by and between [COMPANY], a political subdivision of the State of [STATE], whose address is [ADDRESS] (“Landlord“), and [COMPANY], a [STATE] limited liability company, whose address for purposes of this Lease is [ADDRESS] (“Tenant”).
RECITALS
WHEREAS, Landlord is the fee owner of certain real property located in [COUNTY], [STATE];WHEREAS, Tenant wishes to lease certain land for the purpose of building and operating a wet fermentation/nutrient recovery and fertilizer production facility in accordance with the requirements of this Lease;
WHEREAS, Landlord and Tenant acknowledge that Landlord is primarily entering into this Lease with Tenant for the strategic value that Landlord intends to obtain from Tenant in connection with Tenant providing the Premises; and
WHEREAS, the parties wish to enter into this Lease, only for the aforesaid purposes, subject to the terms and conditions hereinafter set forth.
NOW, THEREFORE, for and in consideration of the terms, covenants and conditions herein contained, along with other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by each party hereto, the parties agree as follows:
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Facility Lease Agreement (Draft v2)
Lease Agreements -- US - General