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LEASE AGREEMENT 715: SIMPLE PRO-TENANT LEASE FOR OFFICE, INDUSTRIAL, OR RETAIL COMMERCIAL PROPERTY $99.95

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Lease Agreements
LA715

Product Overview

This form is for a deal where the tenant has superior leverage. It gives the tenant the right to use the premises for "any legal use," and has very abbreviated remedies for the landlord in the event of a tenant default.

It is also pro-tenant in character because of the clauses it does not contain which customarily appear in pro-landlord forms relating to remedies and a variety of other pro-landlord provisions.

Number of Single Spaced Pages: 15

 

Key Features

 

Use Any lawful use
Rent Increase Method Stipulated
Real Estate Taxes Landlord Pays
Fire & Extended Coverage Insurance Landlord Pays on Building
Liability Insurance Landlord and Tenant each maintain their own policies
Parking Provided by Landlord for additional rent
Utilities Tenant Pays
Building Rules Attached as Exhibit A
Renewal Options Yes
Renewal Options Rent Increases Stipulated
LA125 Free With Purchase? Yes (please see LA125 Free Bonus Tab)
Other Features Tenant right to cure Landlord's defaults after 15 days notice and deduct the cost with interest from rent
Number of Single Spaced Pages 15

 

Quick Look

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").

Landlord is the owner of land and improvements commonly known as _______________ (the “Premises” or the “Leased Premises”). Landlord desires to Leased Premises to Tenant, and Tenant, and Tenant desires to lease the Leased Premises from Landlord for the term, at the rental and upon the covenants, conditions and provisions herein set forth.

THEREFORE, in consideration of the mutual promises herein, contained and other good and valuable consideration, it is agreed:

1. TERM.

A. Landlord hereby leases the Leased premises to Tenant, and Tenant hereby leases the same from landlord, for an "initial Term" beginning ____________ and ending _____________ . Landlord shall use its best efforts to give Tenant possession as nearly as possible at the beginning of the Lease term. If Landlord is unable to timely provide the Leased Premises, rent shall abate for the period of delay. Tenant shall make no other claim against Landlord for any such delay.

B. Tenant may renew the Lease for one extended term of ten years. Tenant shall exercise such renewal option, if at all, by giving written notice to Landlord not less than ninety (90) days prior to the expiration of the Initial Term. The renewal term shall be at the rental set forth below and otherwise upon the same covenants , conditions and provisions as provided in the Lease.

2. RENTAL.

A. Tenant shall pay to Landlord during the Initial Term rental from ____________ to ____________ rental in the amount of $ _____________, and from ___________ to _____________ $_____________ with an increase of $____________ effective _______________, all payable monthly. Each installment payment shall be due in advance on the first day of each calendar month during the lease term to Landlord at ____________________ or at such other place designated by written notice from Landlord or Tenant. The rental payment amount of any partial calendar months included in the lease shall be prorated on a daily basis. Tenant shall also pay to Landlord a "Security Deposit" in the amount of One Month's rent.

B. The rental for any renewal lease term, if created as permitted under this Lease, shall be calculated as follows:

$____________ per month for Year _______ to _________ ;

$____________ per month for Year _______ to _________ ;

$____________ per month for Year _______ to _________ ; and

$____________ per month for Year _______ to _________ .

3. USE.

The Leased Premises may be used and occupied by Tenant for any lawful purpose which complies with applicable zoning ordinances. Notwithstanding the foregoing, Tenant shall not use the Leased Premises for the purposes of storing, manufacturing or selling any explosives, flammables or other inherently dangerous substance, chemical, thing or device.

4. SUBLEASE AND ASSIGNMENT.

Tenant shall have the right without Landlord's consent, to assign this Lease to a corporation with which Tenant may merge or consolidate, to any subsidiary of Tenant, to any corporation under common control with Tenant, or to a purchaser of substantially all of Tenant's assets. Except as set forth above, Tenant shall not sublease all or any part of the Leased Premises, or assign this Lease in whole or in part without Landlord's consent, such consent not to be unreasonably withheld or delayed.

(continued)


End of Excerpt

 

 

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LA125 Lease Exhibit Sample Pack Bonus   

If you purchase this product, you are entitled to receive via email at no charge LA125 Lease Exhibit Sample Pack (113 single spaced pages) which normally sells for $49.95. To receive LA125, you must email us after you purchase the LA described on this page to request it, and LA125 will be emailed to you promptly.  Do not include LA125 in your shopping cart order. For more information and a complete list of exhibits included in LA125, click here.

 

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See LP's Industrial Leases