Real Estate Contracts 

LEASE 

This lease of ____________________________, made ____________________, by and

between ______________________, whose address is ___________________, hereinafter

called Lessor, and _______________________, whose address is

______________________, hereinafter called Lessee,

Witnesseth:

1. That Lessor hereby leases to Lessee, and Lessee leases from Lessor, subject to the

terms and conditions herein set forth, the following (hereinafter sometimes referred to as the

"Property"):

Make and Model Manufacturer's Serial No. Registration No.

Together with all equipment and accessories attached thereto or used in connection

therewith including the following:

_________________________________________________________

All of which are included in the term Property as used herein. Lessee hereby

acknowledges delivery and acceptance of the aforesaid Property upon the terms and conditions of

this lease.

2. Lessor hereby leases to Lessee said Property for the purpose of _________________.

3. The term of this lease is __________________, beginning this day and ending

_______________________.

4. In consideration of said lease, Lessee covenants and agrees as follows:

(a) To pay to Lessor for the possession and use of said Property for the purpose aforesaid,

_________ dollars ($_________), payable as follows: _______________________.

(b) To safely keep and carefully use the Property and not sell or attempt to sell, remove or

attempt to remove, the same or any part thereof, except reasonably for the purpose aforesaid.

(c) Lessee shall, during the term of this lease and until return and delivery of the Property

to Lessor, abide by and conform to, and cause others to abide by and conform to, all laws and

governmental and airport orders, rules and regulations, including any future amendments thereto,

controlling or in any manner affecting operation, use or occupancy of said Property or use of airport

premises by said Property.

(d) Lessee shall pay all taxes, assessments and charges on said Property or its use during

the time he is in possession of the same, imposed by federal, state, municipal or other public, or

other authority; save Lessor free and harmless therefrom; and to these ends reimburse Lessor on a

pro rata basis for such taxes or charges paid by Lessor hereto or hereafter.

(e) Lessee accepts the Property in its present condition, and during the term of this lease

and until return and delivery of the Property Lessor the Lessee shall maintain it in its

present condition, reasonable wear and tear occurring despite standards of good maintenance of

Property excepted, and shall repair at his own expense any damages to said Property caused by

operation or use by lessee or by others during the term of this lease and until delivery of the Property to Lessor.

(f) Neither Lessee nor others shall have the right to incur any mechanic's or other lien in

connection with the repair, maintenance or storage of said Property, and Lessee agrees that

neither he nor others will attempt to convey or mortgage or create any lien of any kind or character

against the same or do anything or take action that might mature into such a lien.

(g) Lessee shall be responsible and liable to Lessor for, and indemnify Lessor against, any

and all damage to the Property, which occurs in any manner from any cause or causes

during the term of this lease or until return and delivery of the Property to Lessor. Lessee shall be

responsible and liable for, indemnify Lessor against, hold Lessor free and harmless from any

claim or claims of any kind whatsoever for or from, and promptly pay any judgment for, any and all

liability for personal injuries, death or property damages, or any of them, which arise or in any

manner are occasioned by the acts or negligence of Lessee or others in the custody, operation or

use of, or with respect to, said Property, during the term of this lease or until return and delivery of

the Property to Lessor.

(h) Lessee will keep insured from and including this day until return and delivery of the

Property to Lessor, in such company or companies as Lessor shall approve, according to

applicable standard forms of policy, and for the benefit of Lessor, (1) against loss or damage from

any cause or causes to the Property for the full value thereof in the amount of one million dollars,

and (2) against liability for personal injuries, death, or property damages, or any of them, arising or

in any manner occasioned by the acts or negligence of Lessee or others in the custody, operation

or use of, or with respect to said Property, in the amount of one million dollars relative to personal

injuries and/or death and one million dollars relative to property damages.

(i) Lessee shall return and deliver, at the expiration of the term herein granted, the whole of

said Property to the Lessor in as good condition as the same is, reasonable wear and

tear excepted.

(j) It is mutually agreed that in case Lessee shall violate any of the aforesaid covenants,

terms and conditions Lessor may at his option without notice terminate this lease and take

possession of said Property wherever found.

WITNESSES

___________________________ __________________________

LESSOR

___________________________

___________________________ __________________________

LESSEE

_____________________________