In 1989, the designers reviewed the most current projections in climate modeling and decided to raise the entire plant about 1.9 feet higher to accommodate potential sea level change for at least the first 50 or 60 years of the facilityâs service.
As landlords and tenants go about the process of negotiating a lease, each of the parties MUST strive to incorporate lease language that will protect them should the other party suddenly exhibit a lack of integrity or the relationship is affected by outside events, such as a fire or other natural disaster.
What is Ground Lease. A ground lease is a long-term lease in which a tenant is permitted to develop a piece of property during the lease period, after which the land and all improvements are returned to the property owner. All the improvements made on the land will be owned by the property owner unless an exception is made in the agreement.