EXHIBIT 10.8
COMMERCIAL LIASE AGREEMENT
This Commercial Lease Agreement is made and effective August 18, 2006, by and
between Re/Max First, Inc., hereinafter referred to as "Lessor," and Westsound
Bank and Mortgage, hereinafter referred to as "Lessee."
Lessor desires to lease furnished office space located at 0000 Xxxx Xxxx Xxx,
Xxxx Xxxxxxxx, Xxxxxxxxxx to Lessee, and Lessee desires to lease the furnished
office space from Lessor for the term, at the rental, and upon the covenants,
conditions and provisions set forth.
THEREFORE, in consideration of the mutual promises herein contained and other
good and valuable consideration, it is agreed:
1. Term
This commercial lease agreement shall commence on August 18, 2006 and
continue on a month-to-month basis until terminated by either party as set
forth in this agreement.
2. Rent
Lessee shall pay to the Lessor the sum of $500.00 as rent each month until
this agreement is terminated according to its terms. The monthly rent shall
be paid on or before the first day of each month. Payments received after
the fifth day of any month shall include a $25.00 late fee.
3. Alterations
No alterations may be made to the leased premises unless agreed to in
writing by the Lessor.
4. Utilities, Taxes, Insurance and Other Expenses
Except for payment of the monthly rental amount set forth in Paragraph 2
above, Lessee shall not be responsible for any other expenses related to
the rented premises, including but not limited to utilities, taxes,
insurance or other operating expenses.
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5. Termination
Either party may terminate this lease agreement by giving the other party
twenty days written notice of his intent to terminate the lease.
DATED: DATED: 8/22/2004
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/s/ Xxxxxxx Xxxxxx /s/ Xxxxx Xxxxxxx
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REMAX FIRST, INC. by WESTSOUND BANK & MORTGAGE
Xxxxxxx Xxxxxx XXXXX XXXXXXX
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