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Billboard Lease Agreement
"Need a Billboard Lease Agreement for a digital advertising display on my commercial building in Singapore's Orchard Road area, with a five-year term starting March 1, 2025, including provisions for revenue sharing and specific requirements for LED brightness control."
1. Parties: Identification of lessor and lessee, including full legal names and registered addresses
2. Background: Context of the agreement, including property details and purpose of the billboard lease
3. Definitions: Key terms used tHRoughout the agreement including Property, Billboard, Lease Term, Rent
4. Grant of Lease: Specific rights being granted regarding billboard installation and usage
5. Term and Renewal: Duration of lease and renewal conditions
6. Rent and Payment Terms: Payment amounts, schedules, and methods
7. Permits and Compliance: Responsibilities for obtaining and maintaining necessary permits
8. Maintenance and Repairs: Obligations for billboard upkeep and property maintenance
9. Insurance and Liability: Required insurance coverage and liability allocation
10. Termination: Conditions for early termination and consequences
1. Utilities: Terms for electricity usage and payment (when billboard requires power supply)
2. Digital Display Provisions: Specific terms for digital billboards (applicable for digital billboard installations)
3. Revenue Sharing: Terms for sharing advertising revenue (when parties agree to revenue-sharing arrangement)
4. Access Rights: Terms for accessing the billboard for maintenance (when access requires crossing other property)
1. Schedule 1 - Property Description: Detailed description of property and billboard location
2. Schedule 2 - Billboard Specifications: Technical specifications and drawings
3. Schedule 3 - Rent Schedule: Detailed payment schedule and escalation terms
4. Schedule 4 - Required Permits: List of required permits and responsible parties
5. Appendix A - Site Photos: Photographs of installation location
6. Appendix B - Maintenance Schedule: Detailed maintenance requirements and schedule
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