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. The Premises: [_____________] floors and additional areas at the address of [_____________] ([_____________] square feet), plus basement storage space ([_____________] square feet) and [_____________] parking spaces at such address.
2. Term: The term of this Agreement will terminate on [_____________].
3. Lease Payment: Tenant shall pay Landlord monthly rent equal to the sum of US$[_____________] per month per square foot of office space, plus US$[_____________] per month per square foot of storage space, plus US$[_____________] per month per parking space, plus a management fee of US$[_____________] per month and a maintenance fee of US$[_____________] per month. This sum equals US$[_____________] per month (the "
Lease Payment").
4. Payment Schedule. All Lease Payment shall be made by Tenant to Landlord in advance on a monthly basis on the first day of each calendar month.
5. Guarantee: On the date of this Agreement above, Tenant shall submit to Landlord a bank guarantee against Tenant's obligations under this Agreement in the amount of 6 months Lease Payments.
6. Option to Extend. This Agreement may be extended at Tenant's option for an additional 1 year period by notice to Landlord 30 days before the end of the initial term of this Agreement. The Lease Payment shall be increased by [_____________]% per month during such additional 1 year period.
7. Permitted Use: [_____________].
8. Leased Premises Requirements. Tenant must ensure that all of Tenant's guests and invitees that enter the leased premises comply with all requirements of this Agreement that apply to Tenant. Landlord covenants that Tenant will quietly hold, occupy and enjoy the leased premises. Tenant may not sublease the Leased Premises without Landlord's prior written consent. 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: ________________________________