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Billboard Lease Agreement Template for Canada

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Key Requirements PROMPT example:

Billboard Lease Agreement

"I need a Billboard Lease Agreement for a digital advertising display on my commercial property in downtown Toronto, with a 5-year term starting March 1, 2025, including revenue sharing provisions and specific content restrictions for adjacent school zones."

Document background
The Billboard Lease Agreement is essential for property owners seeking to monetize their real estate through outdoor advertising and billboard operators looking to expand their advertising network. This document is commonly used across Canada when establishing long-term arrangements for billboard placement on commercial or industrial properties. It requires careful consideration of multiple jurisdictional requirements, including municipal by-laws, provincial property laws, and federal regulations where applicable. The agreement typically includes detailed specifications for installation, maintenance protocols, insurance requirements, and revenue arrangements, while ensuring compliance with local zoning and signage regulations. It's particularly important in urban areas and along major transportation corridors where billboard advertising is prevalent.
Suggested Sections

1. Parties: Identification of the lessor (property owner) and lessee (billboard operator), including full legal names and addresses

2. Background: Context of the agreement, including property description and parties' intentions

3. Definitions: Key terms used throughout the agreement

4. Grant of Lease: Specific rights being granted, including access and usage terms

5. Term and Renewal: Duration of the lease and conditions for renewal

6. Rent and Payment Terms: Financial terms, payment schedule, and rent adjustment mechanisms

7. Permits and Compliance: Responsibility for obtaining and maintaining necessary permits and regulatory compliance

8. Construction and Installation: Requirements and conditions for billboard installation

9. Maintenance and Repairs: Obligations for maintaining the billboard structure and surrounding area

10. Insurance and Liability: Insurance requirements and allocation of risks

11. Default and Termination: Events of default and termination procedures

12. Assignment and Subletting: Rights and restrictions regarding transfer of lease rights

13. General Provisions: Standard legal provisions including notices, governing law, and entire agreement

Optional Sections

1. Digital Display Specifications: Additional terms specific to digital billboards, including brightness controls and content rotation

2. Revenue Sharing: Terms for sharing advertising revenue when agreed between parties

3. Multiple Structure Provisions: Additional terms when multiple billboard structures are included in the lease

4. Advertising Content Restrictions: Specific restrictions on permitted advertising content beyond regulatory requirements

5. Environmental Standards: Additional environmental requirements beyond regulatory minimums

6. Utilities: Terms regarding electricity supply and payment when billboard requires power

7. Security Deposit: Terms regarding security deposit if required by lessor

8. Right of First Refusal: Option for lessee to match competing offers for the property or billboard space

Suggested Schedules

1. Schedule A - Property Description: Detailed legal description of the property and billboard location

2. Schedule B - Billboard Specifications: Technical specifications, dimensions, and structural details

3. Schedule C - Site Plan: Drawings showing exact billboard location and access routes

4. Schedule D - Rent Schedule: Detailed breakdown of rent payments and adjustment calculations

5. Schedule E - Required Insurance: Specific insurance requirements and coverage limits

6. Schedule F - Permits and Approvals: Copies of obtained permits and regulatory approvals

7. Appendix 1 - Maintenance Standards: Detailed maintenance requirements and schedules

8. Appendix 2 - Emergency Procedures: Procedures for emergency situations and contact information

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


































Clauses






























Relevant Industries

Real Estate

Advertising and Marketing

Media and Entertainment

Construction

Property Management

Retail

Commercial Property

Urban Development

Outdoor Media

Relevant Teams

Legal

Real Estate

Operations

Property Management

Business Development

Compliance

Construction

Media Sales

Facilities Management

Asset Management

Relevant Roles

Property Manager

Real Estate Manager

Legal Counsel

Operations Director

Site Development Manager

Advertising Operations Manager

Commercial Lease Administrator

Asset Manager

Facilities Manager

Business Development Manager

Compliance Officer

Construction Manager

Media Sales Director

Urban Planning Specialist

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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