The Tennessee Underground Storage Lease and Agreement (Surface Only) is a legal document that outlines the terms and conditions for the leasing of underground storage space in Tennessee while retaining surface rights. This agreement is designed to protect the interests of both the lessor and lessee and establishes specific guidelines for the usage and maintenance of the underground storage facility. Keywords: Tennessee, Underground Storage, Lease, Agreement, Surface Only There are two main types of Tennessee Underground Storage Lease and Agreement (Surface Only): 1. Commercial Underground Storage Lease and Agreement (Surface Only): This type of agreement is meant for businesses and companies that require underground storage space for storing goods, equipment, or inventory. It provides a legally binding contract between the property owner (lessor) and the business (lessee) regarding the use, access, and maintenance of the underground storage facility. The agreement may include provisions for payment terms, duration of the lease, permitted uses, insurance requirements, and any restrictions on the lessee's activities. 2. Residential Underground Storage Lease and Agreement (Surface Only): This type of agreement is applicable to individuals or families who need underground storage space for personal belongings such as household items, vehicles, or recreational equipment. The agreement typically includes provisions similar to the commercial agreement, but with considerations specific to residential use. It may cover issues like security measures, restricted access to the storage area, and responsibilities for maintenance and repairs. In both types of agreements, "Surface Only" specifies that the lease and agreement pertain solely to the underground storage space and does not include any rights or control over the surface area of the property. By clarifying this limitation, the document helps prevent any disputes or misunderstandings regarding the surface rights associated with the leased property. In summary, the Tennessee Underground Storage Lease and Agreement (Surface Only) is a legal contract that regulates the leasing of underground storage spaces while excluding any rights or control over the surface area of the property. Whether for commercial or residential purposes, these agreements ensure that both parties' interests are protected and provide guidelines for the use and maintenance of the storage facility.
Tennessee Underground Storage Lease and Agreement (Surface Only)
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How to fill out Tennessee Underground Storage Lease And Agreement (Surface Only)?
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