The Billboard Lease Agreement is essential for businesses engaged in outdoor advertising in the United States. This contract type is specifically designed to protect both property owners and billboard operators by clearly defining their rights and obligations. It covers crucial elements including property access, maintenance responsibilities, revenue arrangements, and regulatory compliance. The agreement must adhere to various federal regulations including the Highway Beautification Act, state-specific outdoor advertising laws, and local zoning ordinances. It's particularly important for ensuring proper permitting, insurance coverage, and liability protection while establishing clear terms for installation, operation, and potential removal of billboard structures.
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1. Parties: Identifies the lessor (property owner) and lessee (billboard operator) with full legal names and addresses
2. Background: Establishes the context of the agreement, including property details and intended use
3. Definitions: Defines key terms used throughout the agreement
4. Property Description: Detailed description of the leased space, including exact location and dimensions
5. Term and Renewal: Duration of the lease and conditions for renewal
6. Rent and Payment Terms: Payment amount, schedule, and method of payment
7. Permits and Compliance: Requirements for obtaining and maintaining necessary permits and regulatory compliance
8. Maintenance and Repairs: Responsibilities for billboard maintenance and structural repairs
9. Insurance and Liability: Required insurance coverage and allocation of liability
10. Termination: Conditions and procedures for early termination
1. Revenue Sharing: Terms for sharing advertising revenue between lessor and lessee when agreed upon
2. Digital Display Provisions: Specific terms and conditions governing the operation of digital billboards including display timing and brightness
3. Content Restrictions: Specific restrictions on advertising content and approval process for advertisements
4. Access Rights: Terms governing access to the billboard for maintenance and repairs when crossing lessor's property is required
5. Utility Provisions: Terms regarding electrical service and other utilities required for billboard operation
1. Schedule A - Site Plan: Detailed drawings showing billboard location, dimensions, and specifications
2. Schedule B - Permit Schedule: Comprehensive list of required permits and their current status
3. Schedule C - Insurance Requirements: Detailed specifications for required insurance coverage
4. Schedule D - Maintenance Schedule: Regular maintenance requirements and inspection schedules
5. Schedule E - Rate Card: Detailed rental rates, payment schedules, and any revenue sharing calculations
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