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Key Clauses
Recreational Cannabis Dispensary Lease (Net Lease for a Stand Alone Building) (Pro Landlord with Pro Tenant Optional Prov
Confidential -- For Preview Purposes Only
Pro-landlord net lease template for a standalone regulated-industry dispensary. Covers use restrictions and regulatory compliance.
The Notary Public Act does not yet permit remote or electronic notarization (RON or RIN). We will update our resources after the Illinois Secretary of State adopts the rules required to implement the statutory amendments authorizing RON and RIN.
TABLE OF CONTENTS
ARTICLE I DEFINITIONS 4
Section 1.01 Definitions. 4
ARTICLE II PREMISES 15
Section 2.01 Lease of Premises for Lease Term. 15
Section 2.02 Acceptance of Premises. 15
Section 2.03 Landlord's Delivery Requirements and Tenant Improvement Allowance. 16
Section 2.04 Draw Requests. 17
Section 2.05 Delay in Commencement. 18
ARTICLE III PAYMENT OF BASE RENT AND ADDITIONAL RENT 18
Section 3.01 Base Rent. 18
Section 3.02 Time and Manner of Base Rent and Additional Rent Payments. 19
Section 3.03 Late Payment. 19
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Recreational Cannabis Dispensary Lease (Net Lease for a Stand Alone Building) (Pro Landlord with Pro Tenant Optional Prov
Construction Agreements -- US - General