202109210 - Laserfiche WebLink

Browse

202109210 LAND LEASE AGREEMENT FOR OUTDOOR ADVERTISING This Lease Agreement for Outdoor Advertising is made on this j%day of LfiJ ,&Y , 2015, by and between DOUBLE H ENTERPRISES, LLC, a Nebraska Limited Liability Company, whose address is 3234 W Schimmer Drive, Grand Island NE 68803 ("LESSOR") and USA OUTDOOR, L.L.C., a Nebraska Limited Liability Company, whose address is 409 E. 25th Street, Suite #5, Kearney, NE 68847 ("LESSEE"). 1. Location: In consideration of the rent provided for in this Lease, LESSOR leases to LESSEE that portion of real estate belonging to LESSOR located in Grand Island, Hall County, Nebraska, at the address of 3234 W Schimmer Drive, Grand Island NE, which is located on the real estate described as follows: Provided, if the legal description of the real estate is not available at the time this Lease is signed by LESSOR, then LESSOR agrees to provide the legal description of the real estate to LESSEE within ten (10) days of the date this Lease is signed by LESSOR. 2. Term: The term of this Lease shall be for a period of three (3) years starting January 1, 2016. Provided, that this Lease shall automatically renew for four (4) consecutive three-year terms unless written notice is given to LESSOR by LESSEE thirty (30) days prior to the date of the next yearly anniversary of the start date when the term will expire. If said LESSOR shall sell the above -referenced real estate any time during this Agreement, the new LESSOR shall honor all terms and conditions of this Agreement. The new LESSOR shall provide LESSEE with the correct payee information for all future payments to be made. 3. Rent: LESSEE shall pay to LESSOR an annual rent of ($3,180.00) per year payable in monthly installments of ($265.00). The monthly rental payments will be due on the same date for each successive month. As this lease is renewed, LESSEE will increase the annual rent payment in an amount equal to the increase (if any) in the CPI -U Index occurring during the prior term. 4. Use of Real Estate: LESSEE shall use the leased property for the construction and maintenance of an outdoor advertising structure. In connection with this use the LESSEE, its employees and agents, shall have the right of reasonable access to and egress from the real estate where the outdoor advertising structure is located. In connection with this use, LESSEE agrees to keep the real estate in good appearance and shall maintain it at all times in a clean and attractive condition. LESSEE shall have first option to erect any additional advertising structures on the leased property. • 5. Ownership: All equipment and materials placed upon the leased real estate by LESSEE shall remain the property of LESSEE and may be removed by it at any time prior to or within a reasonable time after the expiration of the final term of this Lease. LESSEE shall have the right to make any necessary applications with, and obtain permits from, governmental bodies for the construction and maintenance of LESSEE'S advertising structure, at the sole discretion of LESSEE. All permits shall be and remain the property of LESSEE. LESSOR warrants and represents that he is the owner of the leased real estate and has the right to grant LESSEE free access to the real estate. LESSOR further warrants that he/she has terminated all current leases on the real estate with regard to