The PPA Solar Lease is essential when property owners wish to monetize their space through solar installation while potentially benefiting from generated power. This document, governed by English law, combines traditional lease provisions with power purchase elements, making it particularly suitable for commercial, industrial, and agricultural properties. The agreement typically covers installation rights, maintenance obligations, revenue arrangements, and eventual decommissioning, while ensuring compliance with both property and energy regulations in England and Wales.
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1. Parties: Details of the landlord/property owner and solar developer
2. Background: Context of the agreement and property details
3. Definitions: Key terms used throughout the agreement including technical and legal definitions
4. Grant of Lease: Specific terms of the lease grant and permitted use of the property for solar installation
5. Term and Termination: Duration of lease, renewal options, and circumstances for early termination
6. Rent and Payment Terms: Financial arrangements including rental payments, payment schedule, and review mechanisms
7. Access Rights: Installation, maintenance, and decommissioning access provisions including notice requirements
8. Obligations of the Parties: Respective responsibilities of landlord and tenant including maintenance and compliance obligations
1. Purchase Option: Terms for potential purchase of the solar installation by the landlord
2. Grid Connection Rights: Specific provisions for grid connection and associated responsibilities
3. Assignment Rights: Terms for transferring rights under the lease to third parties
4. Force Majeure: Provisions dealing with extraordinary events outside parties' control
1. Property Plan: Detailed site plans showing installation location and access routes
2. Technical Specifications: Details of solar installation equipment and technical requirements
3. Maintenance Schedule: Planned maintenance requirements and schedules
4. Planning Permissions: Copies of relevant planning permissions and consents
5. Insurance Requirements: Detailed insurance obligations for both parties
6. Decommissioning Plan: End of term removal and reinstatement requirements
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