LEASE AGREEMENT 1445: EXECUTIVE SUITES LEASE WITH A LA CARTE FURNITURE AND SERVICES SELECTION FOR INDIVIDUAL TENANTS $49.95
EXECUTIVE SUITES LEASE AGREEMENT
This Lease is made as of _________________, by and between COMMERCIAL PROPERTY LANDLORD, INC., a __________________ corporation ("Landlord"), and AGREEABLE TENANT, INC., a _________________ corporation ("Tenant").
1. BASIC LEASE TERMS:
(a) TENANT: ______________________________
ADDRESS (For Notices):_____________________________
(b) PREMISES: ____________________ (See Exhibit "A").
(c) TERM OF LEASE: The term of this Lease shall be ____ month(s),
(d) BASIC MONTHLY RENT: $____________________ (subject to automatic 10% escalation upon each anniversary renewal). Checked items are included for the specified rent are the following:___Executive Desk, ___ Executive Swivel Chair,___ Executive Kneehole Credenza,____Hutch,___ Plastic Mat,___Guest Chair(s),___
ADDITIONAL FURNITURE: ___________________@ $_______per mo.
(e) TELEPHONE MONTHLY RENTAL: $__________includes:
(f) PARKING: ______ space(s) @ $________ each: $ ______per month.
(g) OTHER: ___________________________________$____________
(h) TOTAL MONTHLY BASIC CHARGES: $_______________.
(i) SECURITY DEPOSIT (one month, NOT to be used as last month):
(j) TELEPHONE DEPOSIT: $200.00 per instrument (Refundable): $______
(k) ________sets of KEYS @ $ _____ DEPOSIT (Refundable): $______
(l) TELEPHONE INSTALLATION: $__________ . Additional charges for any changes after initial installation is completed or if additional wiring is required. T1 CONNECTION CONFIGURATION CHARGE $___________.
(m) BUILDING DIRECTORY LISTING: $_______one time charge (allow 4 weeks).
(n) SIGNAGE: $__________________NOT AVAILABLE at this time.
(o) TOTAL MOVE-IN CHARGES: $_____________ (Due upon Lease execution).
EXECUTIVE SUITES LEASE: ________________ EXECUTIVE SUITES
1.1. LEASE. This Professional Office Lease (hereinafter "Lease") is an executive suites lease together with the provision of furniture and services indicated above or otherwise as provided herein.
2. PREMISES: Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the Premises ("Premises") set forth in the Basic Lease Terms herein which are part of a larger premises operated by Landlord ("________________ EXECUTIVE SUITES) ("hereinafter "the Executive Office Complex").
3. TERM: The term of this Lease shall commence on the date set forth above and shall continue for the term set forth in the Basic Lease Term section described herein at paragraph 1. Such term, and any extension given with the express written consent of Landlord or by the automatic renewal provisions set forth hereinbelow at paragraph 21, Termination, is hereafter referred to as "term". If Landlord is unable to deliver possession of the Premises to Tenant at the commencement date of the term, Landlord will not be liable for any resulting damage, nor will this Lease be affected, except that Tenant will not be obligated to pay the basic monthly rent as hereafter defined, until Landlord delivers possession.
3.1. EARLY TERMINATION PROVISION: If Executive Office Complex should fall below 30% occupancy during the term of this Lease, Landlord hereby reserves the right to terminate this Lease upon thirty days (30) written notice to Tenant, provided that all such leases relating to the tenants of Executive Office Complex are terminated concurrently with the termination of this Lease.
4. RENT: Tenant agrees to pay to Landlord the basic monthly rent in the amount set forth in the Basic Lease Terms herein during the term of this Lease. Tenant will pay when due hereunder such rent, and any other charge(s), including any applicable sales, use and other taxes, now or hereafter imposed by any governmental body which shall all be deemed additional rent, without making any deduction or offset to:
(a) Unless otherwise set forth herein, all rent and additional rent due to Landlord hereunder are due and payable in advance on the first of every month without demand or offset. Any additional charges are due and payable upon receipt of an invoice from Landlord.
(b) Any payment not received within three (3) days after the due date is subject to a late charge equal to ten percent (10%) of the past due balance, but not less than $10.00, to compensate Landlord for the extra costs incurred as a result of such late payment. Tenant acknowledges and agrees that such late charge is reasonable.
(c) In addition, in the event that Tenant fails to pay any amount when due, Tenant shall pay to Landlord interest thereon at an annual rate of ten percent (10%) or such lower rate as may be the maximum lawful rate.
(d) In addition, in the event any check of Tenant should fail to clear the bank and is returned unpaid to Landlord, them immediately upon written demand of Landlord to Tenant, Tenant shall also pay a "Returned Check" processing fee of Fifty Dollars ($50.00) for each such check to cover Landlord's costs and expenses in processing each returned or unpaid check.
5. SECURITY DEPOSIT: Upon execution of this Lease, Tenant shall pay to Landlord the amount set forth in the Basic Lease Terms herein as a deposit ("Security Deposit"). Such amount shall be held by Landlord as security for the full, faithful and complete performance by Tenant of all terms, covenants and agreements to be kept by Tenant hereunder, or under any other agreement between Tenant and Landlord. Security Deposit is not to be used as Last Month Rent.
If Tenant fails to perform any of Tenant obligations when performance is due, Landlord may apply the Security Deposit to the payment of any monthly charge or any other payment due from Tenant, or of any sum which Landlord may spend or be required to spend by reason of Tenant's failure. Upon written demand by Landlord, Tenant will pay to Landlord any amount so applied so that such Security Deposit is returned to its original amount as specified herein. If at the end of the term of this Lease Tenant has performed all of the provisions of this Lease, the Security Deposit, or any remaining balance, will be returned to Tenant, without interest, less cleaning/painting fee, within forty-five (45) days after the end of such term.
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