The Illinois Lease of Property for the Erection of Billboards for Advertising Purposes refers to a legal contract that outlines the terms and conditions between a property owner and an advertiser for the installation and use of billboards for advertising in the state of Illinois. This type of lease agreement is typically entered into by property owners who have available land or structures suitable for billboard placement and businesses or individuals looking to advertise their products or services. The lease agreement covers various important aspects of the arrangement, including the length of the lease term, the rental or compensation terms, the size and location of the billboards, the maintenance and repair responsibilities, the rights and permissions granted to the advertiser, and any restrictions, permits, or licenses required to erect and display the billboards. It is worth noting that there may be different types or variations of the Illinois Lease of Property for the Erection of Billboards for Advertising Purposes that cater to specific circumstances or property types. Some examples of these variations could include: 1. Ground Lease: This type of lease agreement pertains to the use of the property owner's land for the installation of billboards. It specifies the location, dimensions, and other relevant details related to the placement of the billboards on the ground. 2. Roof Lease: A roof lease is applicable when an advertiser desires to install billboards on the roof of a building or structure. It includes specific provisions for the attachment and structural considerations related to the mounting of billboards on rooftops. 3. Building Site Lease: Building site leases involve the leasing of a building's exterior surface for the installation of billboards. This type of agreement may have additional provisions for the alteration of the building's facade and any necessary permits or permissions from local authorities. In conclusion, the Illinois Lease of Property for the Erection of Billboards for Advertising Purposes encompasses the legal agreement between property owners and advertisers regarding the installation, use, and maintenance of billboards for advertising purposes in Illinois. Different variations exist depending on the specific type of property being used for billboard placement, such as ground leases, roof leases, and building site leases.