[Code of Federal Regulations]
[Title 36, Volume 1]
[Revised as of July 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 36CFR18.11]

[Page 233-234]
 
              TITLE 36--PARKS, FORESTS, AND PUBLIC PROPERTY
 
      CHAPTER I--NATIONAL PARK SERVICE, DEPARTMENT OF THE INTERIOR
 
PART 18--LEASES AND EXCHANGES OF HISTORIC PROPERTY--Table of Contents
 
Sec. 18.11  Special requirements.

    (a) All leases made pursuant to the regulations in this part shall 
be in the form approved by the Director and subject to his written 
approval.
    (b) No lease shall be approved or granted for less than the present 
fair market rental value.
    (c) Unless otherwise provided by the Director a satisfactory surety 
bond will be required in an amount that will reasonably assure 
performance of the contractual obligations under the lease. Such bond 
may be for the purpose of guaranteeing:
    (1) Not less than one year's rental unless the lease contract 
provides that the annual rental or portion thereof shall be paid in 
advance.
    (2) The estimated construction cost of any improvements by the 
lessee.
    (3) An amount estimated to be adequate to insure compliance with any 
additional contractual obligations.
    (d) The lessee will be required to secure and maintain from 
responsible companies insurance sufficient to indemnify losses connected 
with or occasioned by the use, activities, and operations authorized by 
the lease. Types and amounts of insurance coverage will be specified in 
writing and periodically reviewed by the National Park Service.
    (e) The lessee shall save, hold harmless, and indemnify the United 
States of America, its agents and employees

[[Page 234]]

for losses, damages, or judgments and expenses on account of personal 
injury, death or property damage or claims for personal injury, death, 
or property damage of any nature whatsoever and by whomsoever made 
arising out of the activities of the lessee, his employees, 
subcontractors, sublessees, or agents under the lease.
    (f) No lease shall provide the lessee a preference right of future 
leases.
    (g) The lessee is responsible for any taxes and assessments imposed 
by Federal, State, and local agencies on lessee-owned property and 
interests.
    (h) The lessee shall comply with local applicable ordinances, codes, 
and zoning requirements.