This is not a substitute for legal advice. An attorney must be consulted. "This work is protected under the copyright laws of the United States. No reproduction, use, or disclosure of this work shall be permitted without the prior express written authorization of the copyright owner. Copyright © 1994 - 2015 by LAWCHEK, LTD." |
This
is not a substitute for legal advice. An
attorney must be consulted. |
This
is not a substitute for legal advice. An
attorney must be consulted. |
This
is not a substitute for legal advice. An
attorney must be consulted. |
This
is not a substitute for legal advice. An
attorney must be consulted. |
This
is not a substitute for legal advice. An
attorney must be consulted. |
This
is not a substitute for legal advice. An
attorney must be consulted. |
The form above is an example of how a typical Business Lease Agreement form may be completed.
The date of the lease agreement was randomly selected.
A fictitious name has been inserted for the name of the Lessor.
A fictitious address for the leasing party or Lessor has been selected.
The name of the Lessee is to be included at this point.
The address of the Lessee.
A description of the purpose for the use of the premises should be included.
The day when the rental is due; this is the first date rental is due under the lease.
The last day for which the lease would be effective.
The amount of rental per month.
The period of duration for the lease.
The day the lease commences.
The day the lease terminates.
A description of the general use of the premises should be included at this juncture.
Liability for injury and insurance coverage relating to same may vary from state to state and may vary between the agreement of the parties. An attorney should be consulted regarding this particular feature.
Fire insurance and waiver of subrogation will vary between states; however, the language that is included here is intended to be fairly standard and should apply in most states. An attorney should be consulted.
Exceptions to the alterations, improvements, and additions should be placed in this particular blank. It should be noted that this is tailor-made for the hypothetical lease that has been drafted.
In regard to abatement, this may vary from state to state. An attorney should be consulted.
Arbitrary language has been used regarding rent in the case of casualty; however, this may vary from state to state. An attorney should be consulted.
A period of 120 days was selected as an example. A reasonable period of time is generally noted and may be subject to local or state laws.
Assignment of leases is generally liberally construed in favor of the Lessee, providing that the subletting of premises is done for reasonable purpose and providing further that the landlord/Lessor is provided appropriate notification in advance. There may be special restrictions in given states or cities; therefore, and attorney should be consulted.
An arbitrary date of 30 days has been selected. This would vary from state to state.
The rate of ten percent per annum has been selected. This is generally permitted by specific agreement between the parties or another percentage may be used that does not violate the state usury laws. A form of percentage should be included. An attorney should be consulted as to appropriate rates that may be charged.
An arbitrary date was selected for the date of adjustments after which a penalty may occur.
An arbitrary figure of ten percent for penalty was inserted. This may vary from state to state. An attorney should be consulted.
Liens vary from state to state and an appropriate Notice to Quit may vary as to its time period from state to state. Therefore, an attorney should be consulted regarding any liens on unpaid sums and any appropriate Notice to Quit.
The concluding date of the lease is noted.
If an additional option is provided or sought, this would be the appropriate vehicle. And arbitrary date of ten years was selected.
The period of sixty days was randomly selected. Usually, this time period is left to the parties; however, some states or local governments may have minimum requirements.
The "Additional Provisions" section is left blank for this example. This section allows the parties to tailor-make additional requirements subject to sate law for their own mutual agreement. It is also suggested that the particular state under which a lease shall be enforced should be stated. This boilerplate lease does not include that information; however, that information is important because this lease may be subject to either Nebraska or Iowa law depending upon the intent of the parties since both Omaha and Council Bluffs are hypothetical cities used.
The owner of the premises or the owner's designated assignee.
A blank has been allowed for co-owner of the premises. In this case, we have shown the signature of the spouse of the owner.
The Lessee's signature. It should be noted that in some states, a verification by a Notary Public may be necessary in order for the lease to be appropriately filed with the government agency, such as the County Recorder or the Secretary of State, if need be. Also, in many states a verification by Notary Public may be necessary if the lease term is longer than a specified period, such as one year.
There was an absence of a Co-Lessee in this case, so the word "none" has been entered. In many cases there is a Co-Lesee. For that reason, a signature space has been provided.
This is not a substitute for legal
advice. An
attorney must be consulted.
Copyright © 1994 - 2015 by LAWCHEK, LTD.
This is not a substitute for legal advice. An attorney must be consulted.
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