Ground Lease Summary Chart (IL) | Practical Law

Ground Lease Summary Chart (IL) | Practical Law

A lease summary chart or abstract to summarize the key provisions typically found in a ground lease. This Standard Document can be used during due diligence for an acquisition or financing of ground leased property in Illinois. This Standard Document may also be a useful reference for the key terms and provisions of a ground lease, including the lease term, the rent amount, construction obligations, and the financeability of the ground lease. This Standard Document has integrated notes with important explanations and drafting tips for both ground landlords and ground tenants.

Ground Lease Summary Chart (IL)

Practical Law Standard Document w-015-2820 (Approx. 36 pages)

Ground Lease Summary Chart (IL)

by Practical Law Real Estate
MaintainedIllinois
A lease summary chart or abstract to summarize the key provisions typically found in a ground lease. This Standard Document can be used during due diligence for an acquisition or financing of ground leased property in Illinois. This Standard Document may also be a useful reference for the key terms and provisions of a ground lease, including the lease term, the rent amount, construction obligations, and the financeability of the ground lease. This Standard Document has integrated notes with important explanations and drafting tips for both ground landlords and ground tenants.