LEASE FORMS (FOR LANDLORDS RENTING OFFICE SPACE WITH A PENALTY CLAUSE)Lease forms (free to save and download) such as this one cover a landlord renting office space with a late payment penalty clause, and explains location, term, rent, type of payment, rent, late fee, renewal, lease expiration, sublease, special arrangements, office space, quiet enjoyment, landlord entry, and general boilerplate for lease forms. |
LEASE AGREEMENT
THIS LEASE AGREEMENT (this "Agreement"), dated as of [_____________], is between [_____________], a [_____________] corporation with an address at [_____________] (the "Tenant") and [_____________], a [_____________] corporation with an address at [_____________] ("Landlord").
The parties agree as follows:
1. Location. Party A agrees to lease space at [_____________] to Party B, with a total rentable area of [_____________] square [_____________].
2. Term. The term of this Agreement expires on [_____________].
3. Rent. Tenant shall pay Landlord monthly rent in the amount of [_____________] on the [_____________] day of each calendar month.
4. Type of payment
4.1. The rent should be paid monthly by cash or check.
4.2. Without Landlord's consent, if Tenant does not pay the rent in this Agreement as scheduled, Tenant should pay a late fee of [_____________]% of the payment in arrears, while Landlord has the right to stop providing maintenance service to Tenant. If Tenant makes payment more than [_____________] days after the due date, Tenant will be considered to have breached this Agreement, and Landlord will have the right to terminate this Agreement, enter the leased premises, and eject the Tenant.
5. Renewal. Landlord shall send a notice to Tenant [_____________] days before the expiration of the Agreement of the term expiration date. If Tenant desires to re-let the premises, the Tenant shall give notice to Landlord that Tenant desires to remain in the premises, and the term of this Agreement shall be extended on a month to month basis.
6. Lease Expiration. If Tenant does not renew the Agreement, Tenant shall vacate the leased premises on the expiration date. If Tenant defaults on its rent, Tenant shall pay doubled daily rent per day until the default is cured.
7. Sublease. Tenant shall not sublet or subcontract the leased premises mentioned above. Such actions will be considered a violation of this Agreement.
8. Special Arrangements.
8.1. Landlord shall ensure that the leased premises consist of a standard office with normal water supply, power supply, heating and property service.
8.2. The two parties will not bear any cost of damages due to force majeure.
8.3. Landlord covenants that Tenant will quietly hold, occupy and enjoy the leased premises.
8.4. Landlord may enter any part of the Leased Premises at reasonable times after giving reasonable advance notice (except in the case of emergency, in which case Landlord may enter immediately).
9. General. Entire Agreement and Amendments. This Agreement is the entire agreement between the parties and supersedes all earlier and simultaneous agreements regarding the subject matter. This Agreement may be amended only in a written document, signed by both parties. Independent Contractors, Third Party Beneficiaries, and Subcontractors. The parties acknowledge that they are independent contractors under this Agreement, and except if expressly stated otherwise, none of the parties, nor any of their employees or agents, has the power or authority to bind or obligate another party. Except if expressly stated, no third party is a beneficiary of this Agreement. Governing Law and Forum. All claims regarding this Agreement are governed by and construed in accordance with the laws of [____________], applicable to contracts wholly made and performed in such jurisdiction, except for any choice or conflict of law principles, and must be litigated in [____________], regardless of the inconvenience of the forum, except that a party may seek temporary injunctive relief in any venue of its choosing. Assignment. This Agreement binds and inures to the benefit of the parties' successors and assigns. This Agreement is not assignable, delegable, sublicenseable or otherwise transferable by Tenant in whole or in part without the prior written consent of Landlord. Any transfer, assignment, delegation or sublicense by Tenant without such consent is invalid. No Waivers, Cumulative Remedies. A party's failure to insist upon strict performance of any provision of this Agreement is not a waiver of any of its rights under this Agreement. Except if expressly stated otherwise, all remedies under this Agreement, at law or in equity, are cumulative and nonexclusive. Severability. If any portion of this Agreement is held to be unenforceable, the unenforceable portion must be construed as nearly as possible to reflect the original intent of the parties, the remaining portions remain in full force and effect, and the unenforceable portion remains enforceable in all other contexts and jurisdictions. Notices. All notices, including notices of address changes, under this Agreement must be sent by registered or certified mail or by overnight commercial delivery to the address set forth in this Agreement by each party. Captions and Plural Terms. All captions are for purposes of convenience only and are not to be used in interpretation or enforcement of this Agreement. Terms defined in the singular have the same meaning in the plural and vice versa.
IN WITNESS WHEREOF, the parties execute this Agreement. Each person who signs this Agreement below represents that such person is fully authorized to sign this Agreement on behalf of the applicable party
TENANT
By: __________________________________
Print Name: ___________________________
Title: ________________________________
LANDLORD
By: __________________________________
Print Name: ___________________________
Title: ________________________________