In this section of the solar land lease agreement example, it’s important to outline the lease’s duration, including start and end dates and any provisions for renewal or termination. The lease agreement section should also highlight both parties’ rights and responsibilities, including maintenance, repairs, and insurance obligations. The land owner and lessee should agree on who is liable for damages during this period.
The Lessor hereby leases to the Lessee a specific portion of the property located at (Property Address) for the sole and exclusive purpose of constructing, installing, operating, and maintaining a solar farm (the "Project").
The lessee shall have the exclusive right to use and possess the premises to construct, operate, and maintain the solar farm, subject to compliance with all applicable laws, regulations, and permits.
The lessee shall be responsible for all costs associated with the operation, maintenance, repair, and replacement of the solar farm, including any damage caused by the installation or operation of the solar panels.
The developer agrees to indemnify and hold the landowner harmless from any claims, damages, losses, or liabilities arising out of or related to the use, operation, or maintenance of the equipment after the transfer of ownership.
In the event of a material breach by either party, the non-breaching party may provide written notice to the breaching party, allowing a cure period of (Cure Period in Days). The non-breaching party may terminate this solar farm land lease agreement if the breach is not cured within the specified period.