Commercial Lease and Use Agreement Sample Contracts

Commercial Lease and Use Agreement
Commercial Lease and Use Agreement • June 2nd, 2023 • South Dakota

, , by and between the City of Rapid City, South Dakota (“City”) by and through the Rapid City Regional Airport Board (”Lessor”) and ("Lessee"). Lessor and Lessee may hereinafter be referred to as the “Parties”.

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RE: Commercial Lease and Use Agreement - Joseph and Michele Carlin
Commercial Lease and Use Agreement • April 9th, 2020

On January 28, 2020, the Airport Board approved the Operator Permit and Commercial Lease and Use Agreement with Joseph and Michele Carlin. The lease that was publicly noticed and approved was a Commercial lease, however, the cover sheet and footer incorrectly reflected a NonCommercial lease.

RE: Addendum #1 – Commercial Lease and Use Agreement With RAP 3960, LLC
Commercial Lease and Use Agreement • June 7th, 2022

The ground lease with RAP 3960, LLC was entered March 1, 2022, for the hangar located at 3960 Cook Hangar Lane. The original lease reflected incorrect square footage for the premises as well as an incorrect rate. It was calculated at the noncommercial rate, rather than the commercial rate. The purpose of this addendum is to correct those errors.

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