Sample Lease Agreement for Outdoor Advertising

When it comes to outdoor advertising, a lease agreement is a crucial component of a successful campaign. A lease agreement outlines the terms and conditions of the advertising lease, which is an agreement between the owner of the property and the advertiser for the use of outdoor advertising space. In this article, we will provide a sample lease agreement for outdoor advertising to help advertisers better understand what to expect from such an agreement.

Purpose of Agreement

This agreement is between the advertiser and the property owner, and its purpose is to define the terms and conditions related to the use of outdoor advertising space. The advertiser shall use the leased space for advertising purposes only, and the property owner shall allow the use of the space for this purpose.

Term of Agreement

The agreement shall be effective on the date of execution and shall remain in force until the expiration date. The lease term shall be for a specified period, and the advertiser shall have the option to renew the lease at the end of the term.

Payment for Use

The advertiser shall pay the property owner a monthly fee for the use of the advertising space. The fee shall be paid in advance of the first day of each month, and failure to pay the fee shall be grounds for termination of the lease. The fee may be subject to an annual increase as agreed upon by both parties.

Maintenance and Repairs

The advertiser shall be responsible for any damage to the advertising space caused by their use. The advertiser shall repair any damage and maintain the leased space in good repair. The property owner shall inspect the space periodically to ensure that it is being maintained according to the terms of the lease.

Permitted Use

The advertiser shall use the leased space for outdoor advertising only and shall not use the space for any other purpose. The advertiser shall comply with all applicable laws and regulations related to outdoor advertising, including obtaining any necessary permits and approvals.

Termination

Either party may terminate the lease agreement upon written notice to the other party. In the event of termination, the advertiser shall remove all advertising materials from the leased space within fifteen days of termination.

Insurance

The advertiser shall obtain and maintain liability insurance coverage for the term of the lease in an amount determined by the property owner. The property owner shall be named as an additional insured under the policy.

Conclusion

A lease agreement for outdoor advertising is an essential document that outlines the terms and conditions of the advertising lease between the property owner and the advertiser. Advertisers should carefully review the agreement and ensure that they understand their rights and responsibilities before entering into the lease. With this sample lease agreement, advertisers can better understand what to expect and be better prepared to negotiate a successful outdoor advertising campaign.

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