Property Leasing Considerations in the Maritime Industry
By Carrie A. Ivy
Many maritime businesses lease appropriately zoned land adjacent to or near waterways, and commercial leases in the maritime industry have special complexities and nuances. As compared to commercial lease agreements, maritime industry leases are often for a greater term and can include dry land, shoreline, and marine areas. It is crucial to consider limitations on shoreline development, access, use, and zoning, and there are special insurance considerations as well. There are also very often hazardous material risks or liabilities to be investigated in advance and which should be allocated in the lease document.
Permits for the use of state-owned aquatic lands and submerged lands …. (More)