This required section states the names and addresses of the Landlord(s) and Tenant(s). Press [Ctrl+F1] for more information.
This optional section provides for a legal description and/or a sketch of the property. Press [Ctrl+F1] for more information.
This optional section grants specific parking privileges to the Tenant.
This optional section refers to furnishings that are being provided as part of the lease.
This optional section grants additional storage privileges to the Tenant.
This required section states the beginning and ending dates of the lease.
This optional section states whether or not the Tenant may renew the lease, and the Landlord's rights if the Tenant does not relinquish the property at the end of the lease.
This optional section states that a lease payment will be required if the Tenant continues to occupy the property after the end of the lease.
This required section states the amount of the lease payments and the frequency of each payment.
This optional section states how much will be charged for late payments by the Tenant. It also states how many days after the due date the Tenant has until a late charge will be assessed.
This optional section states how much the Tenant will be charged for each check that is returned to the Landlord for lack of sufficient funds.
This optional section allows the Landlord to obtain a security deposit from the Tenant. Press [Ctrl+F1] for more information.
This required section states the Tenant's right to occupy the property.
This optional section enables the Tenant to make remodeling or structural improvements to the property with the prior written consent of the Landlord.
This optional section states the maintenance obligations of both the Tenant and the Landlord. Press [Ctrl+F1] for more information.
This optional section enables the Landlord to enter the property to make repairs or inspections after receiving consent from the Tenant.
This optional section states the utilities and service responsibilities of both the Landlord and the Tenant.
This required section states who will be responsible for casualty insurance and provides the amount of coverage needed.
This optional section states that the Tenant shall maintain a specific amount of public liability insurance to cover personal injury or damage to the property.
This optional section states the Tenant shall reimburse the Landlord for any costs, including attorney fees, for claims arising out of Tenant's use of the property.
This optional section enables the Landlord to prohibit the Tenant from storing hazardous materials on the property without the written consent of the Landlord.
This optional section states who will be responsible for payment of real estate taxes and for Personal Taxes.
This optional section enables the Landlord to repair the property or terminate the lease if the property is destroyed or condemned by the Tenant.
This optional section prohibits the Tenant from placing any liens on the property.
This required section states the rights of the Landlord if the Tenant defaults.
This optional section allows the parties to provide that any disputes will be settled by arbitration. Press [Ctrl+F1] for more information.
This optional section states that the Tenant must have the Landlord's prior written consent before assigning any interest in the property to a third party. Press [Ctrl+F1] for more information.
This optional section allows the Landlord to terminate this lease if the Landlord sells the property during the lease term. Press [Ctrl+F1] for more information.
This required section states that all notices must be in writing and forwarded by mail with postage prepaid to the correct addresses provided.
This required section includes standard provisions regarding the interpretation and enforcement of the lease. Press [Ctrl+F1] for more information.
This optional section states that the Tenant's rights are subordinate to any mortgage that may exist with respect to the property. Press [Ctrl+F1] for more information.
This optional section enables you to include additional provisions which were not previously provided.
This required section provides signature lines for the Tenant and the Landlord. Press [Ctrl+F1] for more information.
Times New Roman
Commercial Real Estate Lease
CLEASE
A Commercial Real Estate Lease is an agreement between a landlord and a tenant that explains the rights and obligations of each party regarding the rental of business property.
Using the format MM/DD/YYYY, enter the date on which this Lease will become effective.
Enter the name of the Landlord or edit the information as desired. Use the P.I. Manager to select and paste a record.
Enter the Landlord's street address or edit the information as desired.
Enter the Landlord's extended street address or edit the information as desired.
Enter the Landlord's city or edit the information as desired.
Enter the Landlord's state/province or edit the information as desired.
Enter the Landlord's zip/postal code or edit the information as desired.
Enter an X to include the Landlord's country, if outside the United States.
Enter the country or edit the information as desired.
Enter an X to include the name of an additional Landlord.
Enter the name of the additional Landlord or use the P.I. Manager to select and paste a record.
Enter the name of the Tenant or use the P.I. Manager to select and paste a record.
Enter the Tenant's street address or edit the information as desired.
Enter the Tenant's extended street address or edit the information as desired.
Enter the Tenant's city or edit the information as desired.
Enter the Tenant's state/province or edit the information as desired.
Enter the Tenant's zip/postal code or edit the information as desired.
Enter an X to include the Tenant's country, if outside the United States.
Enter an X to include the name of an additional Tenant.
Enter the name of the additional Tenant or use the P.I. Manager to select and paste a record.
Enter the state/province in which the property is located or edit the information as desired.
CLS01
! Opening Section (1 of 33)
LANDLORD:
Name: !
Address: !
!, !
! Country: !
! Other Landlord:
Name: !
Address: !
!, !
! Country: !
! Other Landlord:
Name: !
Address: !
!, !
! Country: !
TENANT:
Name: !
Address: !
!, !
! Country: !
! Other Tenant:
Name: !
Address: !
!, !
! Country: !
! Other Tenant:
Name: !
Address: !
!, !
! Country: !
REAL ESTATE LEASE
This Lease Agreement (this "Lease") is made effective as of !, by and between
! [Other Landlord] !,
! [Other Landlord] !,
("Landlord"), and !,
! [Other Tenant] !,
! [Other Tenant] !,
("Tenant"). The parties agree as follows:
PREMISES. Landlord, in consideration of the lease payments provided in this Lease, leases to Tenant
(the "Premises")
located at !, !,
!, ! !
! [Country:], !
Enter the name of the Landlord or edit the information as desired. Use the P.I. Manager to select and paste a record.
Enter the Landlord's street address or edit the information as desired.
Enter the Landlord's extended street address or edit the information as desired.
Enter the Landlord's city or edit the information as desired.
Enter the Landlord's state/province or edit the information as desired.
Enter the Landlord's zip/postal code or edit the information as desired.
Enter an X to include the Landlord's country, if outside the United States.
Enter the country or edit the information as desired.
Enter an X to include the name of an additional Landlord.
Enter the name of the additional Landlord or use the P.I. Manager to select and paste a record.
Enter the name of the Tenant or use the P.I. Manager to select and paste a record.
Enter the Tenant's street address or edit the information as desired.
Enter the Tenant's extended street address or edit the information as desired.
Enter the Tenant's city or edit the information as desired.
Enter the Tenant's state/province or edit the information as desired.
Enter the Tenant's zip/postal code or edit the information as desired.
Enter an X to include the Tenant's country, if outside the United States.
Enter an X to include the name of an additional Tenant.
Enter the name of the additional Tenant or use the P.I. Manager to select and paste a record.
Using the format MM/DD/YYYY, enter the date on which this Lease will become effective.
Briefly describe the property that the Landlord is leasing to the Tenant. For example, "a warehouse, office complex and parking lot".
Enter the street address at which the "Premises" (property) is located or use the P.I. Manager to select and paste a record.
Enter the extended street address or edit the information as desired. For example, "12th Floor".
Enter the city in which the property is located or edit the information as desired.
Enter the state/province in which the property is located or edit the information as desired.
Enter the zip/postal code or edit the information as desired.
Enter an X to include the country in which the property is located, if outside the United States.
CLS02
! Optional Legal Description/Sketch Section (2 of 33)
! LEGAL DESCRIPTION. The legal description for the Premises is
! attached as an exhibit.
! A sketch of the Premises subject to this Lease is attached as an exhibit.
! A sketch of the Premises subject to this Lease is attached as an exhibit.
Enter an X to include a legal description and/or a sketch of the leased property. Press [Ctrl+F1] for more information.
Enter an X to include a legal description of the property. Select this option only if the EXACT legal description of the property is known. Press [Ctrl+F1] for more information. (If you select this option, you will get the opportunity to include a sketch of the premises later on.)
Enter an X to include a legal description of the property in the body of the lease, rather than as an exhibit.
Enter the exact legal description of the property by completing the sentence. Press [Ctrl+F1] for more information.
Enter an X to include the legal description as an exhibit, rather than in the body of the Lease. The "Exhibit" document can be used for this purpose.
Enter an X to include a sketch of the property in addition to a legal description. Press [Ctrl+F1] for more information.
Enter an X to include only a sketch of the property WITHOUT a legal description. Press [Ctrl+F1] for more information.
CLS03
! Optional Parking Section (3 of 33)
PARKING. Tenant shall be entitled to
! use ! parking space(s) for the parking of the Tenant's customers'/guests' motor vehicle(s).
! parking privileges as set forth on an attached exhibit.
Enter an X to include a paragraph that grants specific parking privileges to the Tenant.
Enter an X to specify the number of parking spaces the Tenant will be entitled to use.
Enter the specific number of parking spaces the Tenant is entitled to use.
Enter an X if the specific parking privileges will be stated on an attached exhibit. The "Exhibit" document can be used for this purpose.
CLS04
! Optional Furnishings Section (4 of 33)
FURNISHINGS. The lease of the Premises includes the furnishings listed on the attached exhibit. Tenant shall return all such items at the end of the lease term in a condition as good as the condition at the beginning of the lease term, except for such deterioration that might result from normal use of the furnishings.
Enter an X to include a paragraph regarding furnishings that will be included in the Lease. The "Exhibit" document can be used to list the furnishings.
CLS05
! Optional Storage Section (5 of 33)
STORAGE. Tenant shall be entitled to store items of personal property in
during the term of this Lease. Landlord shall not be liable for loss of, or damage to, such stored items.
Enter an X to include a paragraph that grants additional storage privileges to the Tenant.
Complete the sentence by entering a description of the storage area.
CLS06
! Term Section (6 of 33)
TERM. The lease term will begin on ! and will terminate on !.
The program transfers the date that the Lease will begin from a previous section. If desired, you may modify the information without affecting earlier data.
Using the format MM/DD/YYYY, enter the date that the Lease will terminate.
CLS07
! Optional Automatic Renewal Section (7 of 33)
RENEWAL TERMS. This Lease shall automatically renew for an additional period of ! per renewal term, unless either party gives written notice of the termination no later than ! days prior to the end of the term or renewal term. The lease terms during any such renewal term shall be the same as those contained in this Lease
! except that the lease payment shall be $! per !.
Enter an X to include a section which states that the Lease will renew automatically unless either party provides written notice of termination.
Enter the period of time for which the lease will automatically renew. For example, "three months" or "one year".
Enter the number of days' notice. For example, "30" or "thirty" days.
Enter an X if the lease payment(s) will change during the renewal term.
Enter the dollar amount of each lease payment.
Enter the time period. For example, "month" or "week".
CLS08
! Optional Holdover Section (8 of 33)
HOLDOVER. If Tenant maintains possession of the Premises for any period after the termination of this Lease ("Holdover Period"), Tenant shall pay to Landlord a lease payment for the Holdover Period based on
! the terms of the following Lease Payments paragraph.
! !% of the normal payment rate set forth in the following Lease Payments paragraph.
Such holdover shall constitute a month to month extension of this Lease.
Enter an X to include a paragraph which states that the Tenant must make a lease payment if the Tenant continues to occupy the property after the end of the lease.
Enter an X if the Lease Payments paragraph will determine the "Holdover Period" lease payment(s).
Enter an X if the "Holdover Period" lease payment(s) shall be a percentage of the normal lease payment rate.
Enter the percentage.
CLS09
! Lease Payments Section (9 of 33)
LEASE PAYMENTS. Tenant shall pay to Landlord
! monthly payments of $! per month, payable in advance on the ! day of each month, for a total annual lease payment of $!.
! lease payments of $!, payable in advance, on the ! day of each
! month.
! week.
! biweekly period.
! bimonthly period.
! quarterly period.
! semi-annual period.
! annual period.
! [other period] !
! [Other payment terms.]
Lease payments shall be made to the Landlord at
!, ! !,
! Country: !,
as may be changed from time to time by Landlord.
Enter an X if the lease payments will be stated as an annual amount, payable in monthly installments that are payable in advance.
Enter the dollar amount of each monthly payment.
Enter the specific day of each month on which payment will be due. For example, "first", "fifteenth", "thirty-first", or "last".
The program calculates the total annual lease payment by multiplying the monthly payment by 12. You may not overwrite this field.
Enter an X if the lease payments will be stated as a specific amount payable for each stated time period.
Enter the dollar amount of each lease payment.
Enter the specific day of each period (month, week, quarter, etc.) on which payment will be due. For example, "first", "tenth", or "last".
Enter an X if monthly payments will be required.
Enter an X if weekly payments will be required.
Enter an X if biweekly payments will be required.
Enter an X if bimonthly payments will be required.
Enter an X if quarterly payments will be required.
Enter an X if semi-annual payments will be required.
Enter an X if annual payments will be required.
Enter an X to state a payment period not offered above.
Enter a description of the payment period.
Enter an X to compose a paragraph that describes other payment terms.
Enter a description of the payment terms.
Enter the address at which payments shall be made or edit the information as desired. Use the P.I. Manager to select and paste a record. Frequently, the payment address will be the Landlord's address.
Enter the extended street address or edit the information as desired.
Enter the city or edit the information as desired.
Enter the state/province or edit the information as desired.
Enter the zip/postal code or edit the information as desired.
Enter an X to include the country, if outside the United States.
Enter the country or edit the information as desired.
CLS10
! Optional Late Payments Section (10 of 33)
LATE PAYMENTS.
! Tenant shall pay a late fee equal to
! $! per day, beginning with the day after the due date
! $!
! !% of the required installment payment
for each payment that is not paid within ! days after the due date for such late payment.
! Payments not paid by the due date shall bear interest at !% per annum until paid.
Enter an X to include a section that explains late payment fees.
Enter an X if a late payment fee will be charged if payments are not made when due.
Enter an X if the late fee will be charged daily.
Enter the amount to be charged daily.
Enter an X if the late fee will be a set amount.
Enter the amount to be charged for late payments.
Enter an X if the late fee will be a percentage of the required payment.
Enter the percentage of the required payment.
Enter the specific number of "grace" days that will be allowed before the late fee is assessed.
Enter an X if interest (rather than a late payment fee) will be charged on late payments.
Enter the interest rate that will be charged on late payments.
CLS11
! Optional Non-Sufficient Funds Section (11 of 33)
NON-SUFFICIENT FUNDS. Tenant shall be charged $! for each check that is returned to Landlord for lack of sufficient funds.
Enter an X to include a provision regarding charges for checks that are returned due to non-sufficient funds.
Enter the amount that the Tenant will be charged for each check that is returned for lack of sufficient funds.
CLS12
! Optional Security Deposit Section (12 of 33)
SECURITY DEPOSIT. At the time of the signing of this Lease, Tenant shall pay to Landlord, in trust, a security deposit of $! to be held and disbursed for Tenant damages to the Premises (if any) as provided by law.
Enter an X to include a paragraph regarding a security deposit. This deposit shall be used to pay for any damages to the property by the Tenant. If there are no damages, the deposit will be returned to the Tenant at the end of the lease. Press [Ctrl+F1] for more information.
Enter the amount of the deposit.
CLS13
! Possession/Use Section (13 of 33)
POSSESSION. Tenant shall be entitled to possession on the first day of the term of this Lease, and shall yield possession to Landlord on the last day of the term of this Lease, unless otherwise agreed by both parties in writing.
! [Optional] USE OF PREMISES. Tenant may use the Premises only
The Premises may be used for any other purpose only with the prior written consent of Landlord, which shall not be unreasonably withheld. Tenant shall notify Landlord of any anticipated extended absence from the Premises not later than the first day of the extended absence.
Enter an X to include a paragraph that describes the permitted uses of the property.
Enter a description of the permitted uses.
CLS14
! Optional Remodeling Section (14 of 33)
REMODELING OR STRUCTURAL IMPROVEMENTS. Tenant shall have the obligation to conduct any construction or remodeling (at Tenant's expense) that may be required to use the Premises as specified above. Tenant may also construct such fixtures on the Premises (at Tenant's expense) that appropriately facilitate its use for such purposes. Such construction shall be undertaken and such fixtures may be erected only with the prior written consent of the Landlord which shall not be unreasonably withheld. At the end of the lease term, Tenant shall be entitled to remove (or at the request of Landlord shall remove) such fixtures, and shall restore the Premises to substantially the same condition of the Premises at the commencement of this Lease.
Enter an X if the Tenant will be allowed to remodel the property with the Landlord's written consent.
CLS15
! Optional Maintenance Section (15 of 33)
MAINTENANCE.
! Landlord shall have the responsibility to maintain the Premises in good repair at all times.
! Tenant shall have the responsibility to maintain the Premises in good repair at all times.
! [Optional itemized listing]
! Tenant's obligation for maintenance shall include:
! - the roof, outside walls, and other structural parts of the building
! - the parking lot, driveways, and sidewalks
! [Optional] including snow and ice removal
! - the sewer, water pipes, and other matters related to plumbing
! - the electrical wiring
! - the air conditioning system
! - the heating system
! - !
! - all other items of maintenance not specifically delegated to Landlord under this Lease.
! Landlord's obligation for maintenance shall include:
! - the roof, outside walls, and other structural parts of the building
! - the parking lot, driveways, and sidewalks
! [Optional] including snow and ice removal
! - the sewer, water pipes, and other matters related to plumbing
! - the electrical wiring
! - the air conditioning system
! - the heating system
! - !
! - all other items of maintenance not specifically delegated to Tenant under this Lease
Enter an X to include a section that explains the maintenance responsibilities of the Tenant and Landlord. Press [Ctrl+F1] for more information.
Enter an X if the Landlord will be responsible for maintaining the property in good condition.
Enter an X if the Tenant will be responsible for maintaining the property in good condition.
Enter an X if both the Landlord and the Tenant will have maintenance responsibilities.
Enter an X to state the Tenant's obligations regarding repair and maintenance.
Enter an X if the Tenant's obligations include the roof or any structural parts of the building.
Enter an X if the Tenant's obligations include the parking lot, sidewalks or driveways.
Enter an X if maintenance of the parking lot, sidewalks or driveways also includes snow and ice removal.
Enter an X if the Tenant's obligations include the sewer or any matters relating to plumbing.
Enter an X if the Tenant's obligations include the electrical wiring.
Enter an X if the Tenant's obligations include the air conditioning system.
Enter an X if the Tenant's obligations include the heating system.
Enter an X to include any other obligations not previously mentioned.
Use this space to describe any other maintenance obligations of the Tenant not previously mentioned.
Enter an X to include a sentence stating that all other items not specifically delegated to the Landlord will be the responsibility of the Tenant.
Enter an X to state the Landlord's obligations regarding maintenance and repairs.
Enter an X if the Landlord's obligations include the roof or any structural parts of the building.
Enter an X if the Landlord's obligations include the parking lot, sidewalks or driveways.
Enter an X if the Landlord's obligations include the sewer or any matters relating to plumbing.
Enter an X if the Landlord's obligations include the electrical wiring.
Enter an X if the Landlord's obligations include the air conditioning system.
Enter an X if the Landlord's obligations include the heating system.
Use this space to describe any other maintenance obligations of the Landlord not previously mentioned.
Enter an X to include a sentence stating that all other items of maintenance not previously delegated to the Tenant will be an obligation of the Landlord.
CLS16
! Optional Landlord Access Section (16 of 33)
ACCESS BY LANDLORD TO PREMISES. Subject to Tenant's consent (which shall not be unreasonably withheld), Landlord shall have the right to enter the Premises to make inspections, provide necessary services, or show the unit to prospective buyers, mortgagees, tenants or workers. As provided by law, in the case of an emergency, Landlord may enter the Premises without Tenant's consent.
Enter an X to include a paragraph that allows the Landlord reasonable access to inspect and make repairs to the property.
CLS17
! Optional Utilities Section (17 of 33)
UTILITIES AND SERVICES.
! Landlord shall be responsible for all utilities and services in connection with the Premises.
! Tenant shall be responsible for all utilities and services in connection with the Premises.
! [Optional itemized listing]
! Tenant shall be responsible for the following utilities and services in connection with the Premises:
! - electricity
! - water and sewer
! - gas
! - heating
! - garbage and trash disposal
! - janitorial services
! - telephone service
! - !
Tenant acknowledges that Landlord has fully explained to Tenant the utility rates, charges and services for which Tenant will be required to pay (if any), other than those to be paid directly to the utility company furnishing the service.
! Landlord shall be responsible for the following utilities and services in connection with the Premises:
! - electricity
! - water and sewer
! - gas
! - heating
! - garbage and trash disposal
! - janitorial services
! - telephone service
! - !
Enter an X to include a section that specifies who will be responsible for the payment of utilities and related services.
Enter an X if the Landlord will be responsible for all utilities and services.
Enter an X if the Tenant will be responsible for all utilities and services.
Enter an X if both the Landlord and the Tenant will be responsible for utility payments.
Enter an X to state the Tenant's responsibilities regarding utilities and services.
Enter an X if the Tenant will be responsible for the electricity.
Enter an X if the Tenant will be responsible for the water and sewer.
Enter an X if the Tenant will be responsible for the gas.
Enter an X if the Tenant will be responsible for the heating.
Enter an X if the Tenant will be responsible for the garbage and trash disposal.
Enter an X if the Tenant will be responsible for janitorial services.
Enter an X if the Tenant will be responsible for the telephone service.
Enter an X to include additional utilities and/or services for which the Tenant will be responsible.
Use this space to describe the additional utilities and/or services for which the Tenant will be responsible.
Enter an X to state the Landlord's obligations regarding utilities and services.
Enter an X if the Landlord will be responsible for the electricity.
Enter an X if the Landlord will be responsible for the water and sewer.
Enter an X if the Landlord will be responsible for the gas.
Enter an X if the Landlord will be responsible for the heating.
Enter an X if the Landlord will be responsible for the garbage and trash disposal.
Enter an X if the Landlord will be responsible for janitorial services.
Enter an X if the Landlord will be responsible for the telephone service.
Enter an X to include additional utilities and/or services for which the Landlord will be responsible.
Use this space to describe the additional utilities and/or services for which the Landlord will be responsible.
CLS18
! Property Insurance Section (18 of 33)
PROPERTY INSURANCE.
! Landlord and Tenant shall each be responsible to maintain appropriate insurance for their respective interests in the Premises and property located on the Premises.
! Tenant shall maintain casualty insurance on the Premises in an amount equal to
! $!.
! !% of the full replacement value.
Landlord shall be named as an insured in such policies. Tenant shall deliver appropriate evidence to Landlord as proof that adequate insurance is in force. Landlord shall have the right to require that the Landlord receive notice of any termination of such insurance policies. Tenant shall also maintain any other insurance which Landlord may reasonably require for the protection of Landlord's interest in the Premises.
Enter an X if the Landlord and Tenant shall each be responsible for maintaining insurance for their interests in the property.
Enter an X if the Tenant (rather than the Landlord) will be responsible for maintaining casualty insurance on the Premises. Press [Ctrl+F1] for more information.
Enter an X to specify a dollar amount of required coverage. Press [Ctrl+F1] for more information.
Enter the required dollar amount.
Enter an X to specify the amount of coverage as a percentage of the replacement value.
Enter the percentage of the replacement value which will be required. It would be unusual to require less than 100 percent.
! with personal injury limits of at least $! for injury to one person, and $! for any one accident, and a limit of at least $! for damage to property.
Tenant shall deliver appropriate evidence to Landlord as proof that adequate insurance is in force. Landlord shall have the right to require that the Landlord receive notice of any termination of such insurance policies.
Enter an X to include a section which states that the Tenant shall maintain a specific amount of public liability insurance to cover personal injury or damage to the property.
Enter an X to state the minimum amount of liability insurance the Tenant must maintain.
Enter the minimum amount of liability insurance the Tenant must maintain.
Enter an X to state specific limits on personal injury, accidents, and property damage.
Enter the minimum amount of liability insurance that the Tenant must maintain for personal injuries.
Enter the total amount of coverage that the Tenant is required to maintain for any one accident.
Enter the minimum amount of coverage that the Tenant is required to maintain for damage to property.
CLS20
! Optional Indemnification Section (20 of 33)
INDEMNITY REGARDING USE OF PREMISES. Tenant agrees to indemnify, hold harmless, and defend Landlord from and against any and all losses, claims, liabilities, and expenses, including reasonable attorney fees, if any, which Landlord may suffer or incur in connection with Tenant's use or misuse of the Premises.
Enter an X to include a paragraph that requires the Tenant to reimburse the Landlord for any costs, including attorney fees, that are incurred by the Landlord for claims arising out of the Tenant's use of the property.
CLS21
! Optional Dangerous Materials Section (21 of 33)
DANGEROUS MATERIALS. Tenant shall not keep or have on the Premises any article or thing of a dangerous, inflammable, or explosive character that might substantially increase the danger of fire on the Premises, or that might be considered hazardous by a responsible insurance company, unless the prior written consent of Landlord is obtained and proof of adequate insurance protection is provided by Tenant to Landlord.
Enter an X to include a paragraph that prevents the Tenant from storing hazardous materials on the property without the Landlord's written consent.
CLS22
! Optional Taxes Section (22 of 33)
TAXES. Taxes attributable to the Premises or the use of the Premises shall be allocated as follows:
! Real Estate Taxes.
! Landlord
! Tenant
shall pay all real estate taxes and assessments for the Premises.
! Personal Taxes.
! Landlord
! Tenant
shall pay all personal taxes and any other charges which may be levied against the Premises and which are attributable to Tenant's use of the Premises.
Enter an X to include a paragraph that explains who will be responsible for the payment of any taxes associated with the Premises.
Enter an X to state who will be responsible for the real estate taxes.
Enter an X if the Landlord will be responsible for all real estate taxes.
Enter an X if the Tenant will be responsible for all real estate taxes.
Enter an X to state who will be responsible for the personal taxes.
Enter an X if the Landlord will be responsible for the personal taxes.
Enter an X if the Tenant will be responsible for the personal taxes.
CLS23
! Optional Destruction Section (23 of 33)
DESTRUCTION OR CONDEMNATION OF PREMISES. If the Premises are partially destroyed in a manner that prevents the conducting of Tenant's use of the Premises in a normal manner, and if the damage is reasonably repairable within sixty days after the occurrence of the destruction, and if the cost of repair is less than $!, Landlord shall repair the Premises and lease payments shall abate during the period of the repair. However, if the damage is not repairable within sixty days, or if the cost of repair is $! or more, or if Landlord is prevented from repairing the damage by forces beyond Landlord's control, or if the property is condemned, this Lease shall terminate upon twenty days' written notice of such event or condition by either party.
Enter an X to include a paragraph that allows the Landlord the option to either repair the property or terminate the Lease if the property is partially destroyed or condemned.
Enter the maximum amount the Landlord will pay to repair the property without terminating the Lease.
CLS24
! Optional Liens Section (24 of 33)
MECHANICS LIENS. Neither the Tenant nor anyone claiming through the Tenant shall have the right to file mechanics liens or any other kind of lien on the Premises and the filing of this Lease constitutes notice that such liens are invalid. Further, Tenant agrees to (1) give actual advance notice to any contractors, subcontractors or suppliers of goods, labor, or services that such liens will not be valid, and (2) take whatever additional steps that are necessary in order to keep the premises free of all liens resulting from constructions done by or for the Tenant.
Enter an X to include a paragraph which prohibits the Tenant from placing mechanics liens or any other kind of lien on the property. NOTE: Other procedures, to prevent the filing of valid liens, may be necessary in some states.
CLS25
! Default Section (25 of 33)
DEFAULTS. Tenant shall be in default of this Lease, if Tenant fails to fulfill any lease obligation or term by which Tenant is bound. Subject to any governing provisions of law to the contrary, if Tenant fails to cure any financial obligation within ! days (or any other obligation within ! days) after written notice of such default is provided by Landlord to Tenant, Landlord may take possession of the Premises without further notice, and without prejudicing Landlord's rights to damages. In the alternative, Landlord may elect to cure any default and the cost of such action shall be added to Tenant's financial obligations under this Lease. Tenant shall pay all costs, damages, and expenses suffered by Landlord by reason of Tenant's defaults. All sums of money or charges required to be paid by Tenant under this Lease shall be additional rent, whether or not such sums or charges are designated as "additional rent".
Enter a specific number of days the Tenant has to fulfill financial obligations.
Enter a specific number of days the Tenant has to fulfill any other obligations.
CLS26
! Optional Arbitration Section (26 of 33)
ARBITRATION. Any controversy or claim relating to this contract, including the construction or application of this contract, will be settled by binding arbitration under the rules of the American Arbitration Association, and any judgment granted by the arbitrator(s) may be enforced in any court of proper jurisdiction.
Enter an X to include a paragraph that requires the parties to use arbitration to settle disputes. Press [Ctrl+F1] for more information.
CLS27
! Optional Assignability/Subletting Section (27 of 33)
ASSIGNABILITY/SUBLETTING. Tenant may not assign or sublease any interest in the Premises, nor effect a change in the majority ownership of the Tenant (from the ownership existing at the inception of this lease), without the prior written consent of Landlord, which shall not be unreasonably withheld.
Enter an X to include a provision that prohibits the Tenant from assigning the Tenant's interest in the Lease to a third party or selling a controlling interest in the Tenant's business to a different person(s). Press [Ctrl+F1] for more information.
CLS28
! Optional Sale of Premises Section (28 of 33)
TERMINATION UPON SALE OF PREMISES. Notwithstanding any other provision of this Lease, Landlord may terminate this lease upon ! days written notice to Tenant that the Premises have been sold.
Enter an X to include a paragraph that allows the Landlord to terminate the lease if the Landlord sells the property during the Lease term. Press [Ctrl+F1] for more information.
Enter the number of days' notice that the Landlord must provide.
CLS29
! Notices Section (29 of 33)
NOTICE. Notices under this Lease shall not be deemed valid unless given or served in writing and forwarded by mail, postage prepaid, addressed as follows:
LANDLORD:
Name: !
Address: !
!, !
! Country: !
! Other Landlord:
Name: !
Address: !
!, !
! Country: !
! Other Landlord:
Name: !
Address: !
!, !
! Country: !
TENANT:
Name: !
Address: !
!, !
! Country: !
! Other Tenant:
Name: !
Address: !
!, !
! Country: !
! Other Tenant:
Name: !
Address: !
!, !
! Country: !
Such addresses may be changed from time to time by either party by providing notice as set forth above.
The program transfers this field from the opening section. If you wish to modify the field, you must return to that section.
CLS30
! General Provisions Section (30 of 33)
[Standard provisions regarding the interpretation and enforcement of the Lease.]
ENTIRE AGREEMENT/AMENDMENT. This Lease Agreement contains the entire agreement of the parties and there are no other promises or conditions in any other agreement whether oral or written. This Lease may be modified or amended in writing, if the writing is signed by the party obligated under the amendment.
SEVERABILITY. If any portion of this Lease shall be held to be invalid or unenforceable for any reason, the remaining provisions shall continue to be valid and enforceable. If a court finds that any provision of this Lease is invalid or unenforceable, but that by limiting such provision, it would become valid and enforceable, then such provision shall be deemed to be written, construed, and enforced as so limited.
WAIVER. The failure of either party to enforce any provisions of this Lease shall not be construed as a waiver or limitation of that party's right to subsequently enforce and compel strict compliance with every provision of this Lease.
CUMULATIVE RIGHTS. The rights of the parties under this Lease are cumulative, and shall not be construed as exclusive unless otherwise required by law.
GOVERNING LAW. This Lease shall be construed in accordance with the laws of the State of !.
Enter the state/province whose laws will govern this Lease. The state that is entered here must have a reasonable connection to the Lease. For example, the Tenant's state.
CLS31
! Optional Subordination Section (31 of 33)
SUBORDINATION OF LEASE. This Lease is subordinate to any mortgage that now exists, or may be given later by Landlord, with respect to the Premises.
Enter an X to include a paragraph that subordinates the Tenant's rights to the rights of any party holding a mortgage on the property. Press [Ctrl+F1] for more information.
CLS32
! Optional Additional Text Section (32 of 33)
ADDITIONAL PROVISIONS.
Enter an X to include any additional provisions that were not previously mentioned in the lease.
Use this space to specify the additional provisions.
The program transfers the Landlord's name from a previous section. If the Landlord is a company, enter the contact person's name or use the P.I. Manager to select and paste a record.
Enter an X to include the title of the person who will sign the Lease on behalf of the Landlord.
Enter the person's title or edit the information as desired. For example, "Manager", "President", "Agent", or "Owner".
This check box is marked if more than one Landlord was chosen in the opening section.
The program transfers the Tenant's name from a previous section. If the Tenant is a company, enter the contact person's name or use the P.I. Manager to select and paste a record.
Enter an X to include the title of the person who will sign the Lease on behalf of the Tenant.
Enter the person's title or edit the information as desired. For example, "Tenant", "Manager" or "President".
This check box is marked if more than one Tenant was chosen in the opening section.
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