The New Mexico Memorandum of Lease (Wireless Communication Facility) is a legal document that outlines the terms and conditions between a property owner (lessor) and a wireless communication company (lessee) for the installation and operation of wireless communication infrastructure on the lessor's property. This memorandum serves as a supplement to the main lease agreement and provides specific details regarding the wireless communication facility. Keywords: New Mexico, Memorandum of Lease, Wireless Communication Facility, property owner, lessor, wireless communication company, lessee, installation, operation, infrastructure, supplement, main lease agreement, specific details. There are two main types of New Mexico Memorandum of Lease (Wireless Communication Facility): 1. Ground Lease Memorandum: This type of memorandum is specifically designed for wireless communication companies seeking to install ground-based wireless equipment, such as cell towers or antennas, on the lessor's property. The memorandum will outline the exact location, dimensions, and other specifications of the wireless communication facility. It will also include provisions related to rent, term, maintenance responsibilities, insurance requirements, and any necessary permits or approvals. 2. Rooftop Lease Memorandum: This type of memorandum is relevant when the wireless communication facility is to be located on the roof of a building or other structures. It will include details about the rooftop space being leased, the specific areas where equipment can be installed, and the necessary access rights for the lessee. This memorandum will also cover other essential aspects such as rent, term, maintenance obligations, insurance, and any applicable permits or authorizations. In both types of Memorandum of Lease, the document will carefully outline the rights and responsibilities of both parties. It will address issues like rent payment structure, term duration, renewal options, permitted uses, and any restrictions or limitations on modifications to the wireless communication facility. The memorandum may contain provisions related to indemnification, liability, and dispute resolution mechanisms. It is important for both parties to carefully review the New Mexico Memorandum of Lease (Wireless Communication Facility) and negotiate any desired modifications. As this document is legally binding, it serves to protect the interests of both the lessor and lessee throughout their business relationship.
New Mexico Memorandum of Lease (Wireless Communication Facility)
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