The Arizona Lease of Property for the Erection of Billboards for Advertising Purposes is a legal agreement between the property owner and the advertiser to lease property specifically for the installation and use of billboards for advertising purposes. This agreement allows businesses and advertisers to utilize strategic locations throughout Arizona to promote their products and services to a wide audience. Key details typically included in the Arizona Lease of Property for the Erection of Billboards for Advertising Purposes are: 1. Parties Involved: The lease will clearly identify the property owner (referred to as the "lessor") and the advertiser (referred to as the "lessee") entering into the agreement. 2. Property Description: The lease will provide a detailed description of the property being leased, including its address, size, boundaries, and any access restrictions. 3. Term and Renewal: The lease will specify the duration of the agreement, including the start date and the termination date. It may also outline the option for renewal or extension of the lease period. 4. Rental Payment: The lease will outline the agreed rental amount, payment frequency, and accepted modes of payment. It may include provisions for late payments and any penalties associated with non-payment. 5. Permitted Use: The lease will clearly state that the purpose of the lease is for the installation and display of billboards for advertising and promotional purposes only. Any other uses may require additional permissions. 6. Billboard Erection and Maintenance: The lease will provide guidelines for the installation, construction, and maintenance of the billboards on the property. It may outline the lessee's responsibilities for obtaining necessary permits, insurances, and compliance with local regulations. 7. Indemnification and Liability: The lease will feature clauses related to liability and insurance, clarifying the responsibilities of both parties in case of damage, accidents, or injuries occurring on the property. 8. Termination and Remedies: The lease will detail the circumstances under which either party can terminate the agreement and the process for resolving any disputes that may arise during the lease term. Different types of Arizona Lease of Property for the Erection of Billboards for Advertising Purposes may vary depending on factors like the duration of the lease, the location of the property (urban, rural), and the specific advertising needs of the lessee. Some variations could be short-term leases for special events or long-term agreements for high-traffic locations. The key terms and provisions mentioned above, however, are typically present in all Arizona Lease of Property for the Erection of Billboards for Advertising Purposes agreements.