The Florida Underground Storage Lease and Agreement (Surface Only) is a legal document that outlines the terms and conditions for leasing underground storage rights without the inclusion of surface rights in the state of Florida. This agreement is specifically designed for situations where individuals or businesses want to utilize underground storage spaces for various purposes, such as storing goods, equipment, or even hazardous materials. In this agreement, the lessor (the party who owns the underground storage rights) grants the lessee (the party seeking to lease the rights) the exclusive rights to access and use the underground storage area for the agreed-upon purpose. It is important to note that this agreement solely pertains to the underground portion of the property, excluding any rights to the surface, encompassing buildings, structures, or land above. The Florida Underground Storage Lease and Agreement (Surface Only) typically contains several key sections, such as: 1. Parties Involved: This section identifies the lessor and lessee, including their legal names and addresses. 2. Description of the Premises: This part provides a detailed description of the location and boundaries of the underground storage area, including any access points or necessary pathways. 3. Term of Lease: Specifies the duration of the lease agreement, including the start and end dates. It may also include provisions for renewal or termination. 4. Permitted Use: Outlines the specific purposes for which the lessee can utilize the underground storage area. This may include storage of goods, vehicles, machinery, or even hazardous materials (depending on legal and safety requirements). 5. Rental Payments: Details the precise amount of rent the lessee must pay to the lessor, along with the due dates, acceptable payment methods, and provisions for late payments or penalties. 6. Insurance and Liability: Specifies the insurance requirements for the lessee, such as general liability or property insurance, and addresses responsibility for damages, injuries, or accidents occurring on or related to the underground storage area. 7. Maintenance and Repairs: Clarifies the responsibilities for maintenance, repairs, and upkeep of the underground storage area, outlining whether it lies with the lessor or lessee. 8. Indemnification: States that the lessee shall indemnify and hold the lessor harmless from any claims, damages, or liabilities arising from the lessee's use of the underground storage area. 9. Governing Law and Dispute Resolution: Specifies the jurisdiction and laws that govern the agreement, along with provisions for dispute resolution, mediation, or arbitration. Different types or variations of the Florida Underground Storage Lease and Agreement (Surface Only) can exist depending on specific circumstances or industry requirements. Some examples include leases for underground storage of petroleum products, chemical substances, agricultural equipment, or perishable goods. Each type of lease may have additional provisions or regulations tailored to the distinct nature of the storage use.