GROUND LEASE AGREEMENT AMENDMENT Clause Samples
A Ground Lease Agreement Amendment is a contractual provision that allows parties to modify the terms of an existing ground lease. This amendment can address changes such as adjusting rent, extending the lease term, altering permitted uses of the property, or updating maintenance responsibilities. By formalizing these changes in writing, the amendment ensures that both landlord and tenant are legally bound by the revised terms, thereby maintaining clarity and preventing future disputes over the lease's conditions.
GROUND LEASE AGREEMENT AMENDMENT. Crown Zellerbach Corporation and Gulf Oil Corporation have a Ground Lease Agreement dated January 1, 1981, whereby Crown Zellerbach leases certain real property from Gulf at Gulf's Orange, Texas, facility. The parties have discovered an error in the property description appearing in Part I of that Ground Lease Agreement. As a result, Crown Zellerbach and Gulf hereby agree to amend the property description appearing in Part I of the Ground Lease Agreement as set forth in Exhibit A. In addition to the above-described Ground Lease Agreement, Crown Zellerbach and Gulf have a Lease Agreement for a second parcel of real property located at Gulf's Orange facility which Crown Zellerbach leases from Gulf. The Lease Agreement is being amended by a separate contract simultaneous to the execution of this document. CROWN ZELLERBACH CORPORATION GULF OIL CORPORATION BY /s/ BY /s/ -------------------------------- ------------------------------- TITLE V.P. and Gen. Mgr. FPD TITLE V.P. Olefins and Derivatives ----------------------------- ---------------------------- DATE 18 March 82 DATE 12 April 82 ------------------------------ ----------------------------- GROUND LEASE AGREEMENT AMENDMENT - EXHIBIT A CROWN ZELLERBACH INDUSTRIAL AREA (CZ TRACT 2) All that certain tract or parcel of land lying and being situated in Orange County, Texas, a part of the STEP▇▇▇ ▇▇▇▇ ▇▇▇VEY, ABSTRACT NO. 16 and being a part of that certain tract of land described in instrument from Spen▇▇▇ ▇▇▇mical Company to Gulf Oil Corporation dated April 30, 1964 and recorded in Volume 320, Page 119 of the Deed Records of Orange County, Texas, said tract herein described being more particularly described as follows: COMMENCING at a 2-inch bronze plate set in a 4-inch by 4-inch concrete monument for an angle point in the east line of the above referenced Gulf Oil Corporation tract and the northeast corner of that certain tract of land described as "First Tract" in instrument from H. J. L. Star▇ ▇▇ Spen▇▇▇ ▇▇▇mical Company dated May 22, 1953 and recorded in Volume 155, Page 270 of the Deed Records of Orange County, Texas, said corner being in the west line of a 250-foot wide access strip of land formerly retained by the above said H. J. L. Star▇; THENCE North 1 deg. 54 min. 30 sec. West along and with the said west line of the 250-foot wide access strip a distance of 2,413.04 feet to a point for corner; THENCE South 87 deg. 59 min. 12 sec. West a distance of 46.83 feet to an existing chain link fence corner...