Ground Lease Abstract

Summary

This Ground Lease Abstract template sets forth the key terms of a ground lease, such as rent amounts, commencement and expiration dates, renewal options, and defaults. The Ground Lease Abstract is prepared by the tenant after the lease is signed and is used for reference purposes. This template includes practical guidance and drafting notes. Should an issue relating to the lease arise, parties should always consult the ground lease. However the Ground Lease Abstract may also be useful as a quick reference to determine specific facts. For a full listing of Practical Guidance content relating to due diligence for commercial real estate financing, see Commercial Real Estate Financing Due Diligence Resource Kit.