Lease Agreement Sample Clauses

Lease Agreement. On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease.

Lease Agreement. For a person seeking to rent a room in a shared residence. Download: PDF, Word (.docx) Standard Lease Agreement – Considered the paradigm of lease agreements, this document is commonly used for everyday rental transactions. Download: PDF, Word (.docx) Sublease Agreement – For a tenant seeking to re-rent their residence to someone else (the “subtenant”). The landlord will commonly have to give consent as most standard lease agreements prohibit the act of subleasing. Download: PDF, Word (.docx) What is a Lease Agreement? A lease agreement is a common legal document that allows a person or business to rent property from the owner. Most residential agreements are for one (1) year, while most commercial agreements are usually for multiple years. The primary details of a lease that must be recorded within the form include: Date of the Agreement’s Origination Names and Addresses of the Landlord & Tenant Property Description (rental unit’s address) Term of the Occupany Security Deposit Amount Required Lease Payments (rent) Once a lease agreement is signed by both parties, it becomes a legally binding document. (There is no need for witnesses or notarization.) Lease Addendums & Disclosures An addendum is attached to a lease to add supplementary terms to the existing contract. It is important that all parties (landlord & tenant) sign off on the document to ensure that they both acknowledge the modifications made. A disclosure is a statement that relays specific information to the recipient (typically the tenant) concerning the rental property. Most times, these are presented because either local or federal laws require it. General Addendums, Disclosures, & Notices: How to Lease Residential Property If you are new to owning property or becoming a landlord, you will need to know the ins and outs of the lease agreement pretty well. For professional help, it’s best to hire a landlord & tenant attorney to draft a lease agreement for your property. If you wish to rent out your property yourself and would like to draft your own lease agreement, follow the steps below. Step 1 – Market Your Rental Property In order to attract interested parties, you have to make the public aware that you have a home available for rent (whether it be an apartment, condo, house, etc.). The most effective way to do this these days would be to advertise on a popular real estate listings website. The top platforms being: Xxxxxx.xxx Xxxxxx.xxx Xxxxxxxxxx.xxx Xxxxxxxxxx.xxx Step 2 – Showing the Uni...

Lease Agreement. The Lessor shall lease and let the above described premises and building to be erected thereon and the Lessee shall take, let and lease said premises and building which will be located and erected thereon upon completion according to the following terms and conditions, to wit: 1. The building shall be rendered to the company immediately upon completion according to the plans and specifications which are outlined in Exhibit "A" attached hereto. 2. The primary term of the Lease shall be for twelve (12) years beginning with the date of occupancy by the Lessee of the facilities contemplated herein in accordance with B.1. 3. The Lessee agrees and covenants to the Lessor as rent for the facilities and real property described hereinabove, the amount of Forty-Two Thousand Two Hundred Eighty-Three and 48/100 ($42,283.48) payable semi-annually with the first payment being due and payable six months from the date Lessee commences occupancy of the building in any manner and every six (6) months thereafter throughout the term of this Lease. In addition, a single payment equal to the difference between Lessor's construction contract plus costs of financing as described on the attached Exhibit "C" and $665,000 shall be due and payable by 4. The Lessee shall have an option to purchase the above described facilities, real property, and improvements thereon. The option price of the real property excluding buildings and facilities located thereon shall be the appraised value of the real property at the time of the exercise of the option and purchase with the appraiser or appraisers to be agreed upon by the parties hereto but in no event to exceed $14,500 per acre. In addition to the above price, the Lessee has the option to purchase the facilities and improvements at any time in accordance with an amortized purchase pay-off schedule based on equal semi-annual payments on a $665,000 loan at 7.393229% interest, an example of which is attached as Exhibit "B," and with the Twenty-Fourth (24th) annual payment in the year 2001 ownership transfers to the Lessee with the payment of one (1) dollar and payment of appraised land value not to exceed $14,500.

Lease Agreement. If any court of competent jurisdiction should determine that this Lease constitutes a security arrangement as opposed to a true lease, the parties then agree that this Lease shall constitute a security agreement within the meaning of the Uniform Commercial Code and that the Lessor shall be considered a secured party under the provisions thereof and shall be entitled to all the rights and remedies of a secured party and Lessee, as debtor, grants to Lessor, as secured party, a security interest in the Equipment; provided nothing herein shall be construed nor shall the inclusion of this paragraph be interpreted as derogating from the stated intent and contractual understanding of the parties that this is a true lease.

Lease Agreement. Landlord does hereby let and lease unto --------------- Tenant, and Tenant does hereby take and hire from Landlord, the Leased Properties, which shall respectively consist of: (a) The parcels of land described and located at the addresses listed in Schedule A hereto, as more particularly described therein, together with any additional parcels of real estate and improvements thereon subsequently designated as a Leased Property by the parties pursuant to a Lease Supplement as provided for herein, together with all rights, titles, appurtenant interests, covenants, licenses, privileges and benefits thereto belonging, and any easements, rights-of-way, rights of ingress or egress or other interests in, on, or to any land, highway, street, road or avenue, open or proposed, in, on, across, in front of, abutting or adjoining such real property including, without limitation, any strips and gores adjacent to or lying between such real estate and any adjacent real estate (the "Land"); (b) All buildings, improvements, structures and Fixtures (as hereinafter defined) now located or to be located or to be constructed on the Land, including, without limitation, sidewalks, landscaping, parking lots and structures, roads, drainage and all above ground and underground utility structures and conduits (on-site or off-site), equipment systems and other so-called "infrastructure" improvements (the "Improvements"); (c) All equipment, machinery, fixtures, and other items of real and/or personal property, including all components thereof, located in, on or used in connection with, and permanently affixed to or incorporated into, the Improvements, including, without limitation, all furnaces, boilers, heaters, electrical equipment, heating, plumbing, lighting, ventilating, refrigerating, incineration, air and water pollution control, waste disposal, air-cooling and air-conditioning systems and apparatus, sprinkler systems and fire and theft protection equipment, and similar systems, all of which, to the greatest extent permitted by law, are hereby deemed to constitute real estate, together with all replacements, modifications, alterations and additions thereto (collectively the "Fixtures"); and (d) All easements, rights and appurtenances relating to the Land and the Improvements. SUBJECT, HOWEVER, to the liens, encumbrances, restrictions, agreements, and other title matters listed or specifically referred to in Schedule B ("Permitted Exceptions"). The Leased Properties shall however ...

Lease Agreement. Contingent Upon Acquisition of the Leased Property...... 2 1.03 Term.................................................... 2 1.04

Lease Agreement. Lessor agrees to lease to Lessee, and Lessee agrees to lease from Lessor, the equipment (the "Equipment") referenced in each of the Schedules (the "Schedule" or "Schedules") which incorporate this MLA therein (the "Lease"

Lease Agreement. This Lease Agreement, Application Form, Schedule, other documents and information provided by and to the Tenant/Occupant, as well as the Annexures hereof.

Lease Agreement. 14 5.3.5 Registration Rights Agreement..................................................... 14 5.3.6 Opinion of Counsel for the Shareholders and the Company........................... 15 5.3.7 Documents, Stock Certificates..................................................... 15 5.3.8 Discharge of Indebtedness, Releases, Etc.......................................... 15 5.4 Deliveries by the Parent at the Closing.................................................. 15 5.4.1 Closing Certificates.............................................................. 15 5.4.2 Registration Rights Agreement..................................................... 15 5.4.3 Opinion of Counsel for the Parent and Merger Sub.................................. 16 5.4.4 Closing Merger Consideration...................................................... 16

Lease Agreement. The LESSOR agrees to lease to the LESSEE and the LESSEE agrees to lease from the LESSOR the premises described for the term and at the rental and upon the conditions set forth in this agreement.