Ground Lease (Short Form) (IL) | Practical Law

Ground Lease (Short Form) (IL) | Practical Law

A ground lease for use in Illinois. This Standard Document contains pro-lender lease provisions securing leasehold mortgage financing to enhance a ground lease's financeability as well as necessary landlord provisions and protections for a long-term lease where the tenant constructs new improvements. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both landlords and tenants.

Ground Lease (Short Form) (IL)

Practical Law Standard Document w-008-5105 (Approx. 91 pages)

Ground Lease (Short Form) (IL)

by Practical Law Real Estate
MaintainedIllinois
A ground lease for use in Illinois. This Standard Document contains pro-lender lease provisions securing leasehold mortgage financing to enhance a ground lease's financeability as well as necessary landlord provisions and protections for a long-term lease where the tenant constructs new improvements. This Standard Document has integrated notes with important explanations and drafting and negotiating tips for both landlords and tenants.