Filetype PDF | Posted on 10 Feb 2023 | 2 years ago
Authentication
digital resources
172x Filetype PDF File size 0.35 MB Source: www.imc.group
Gross Lease Agreement
Between
LANDLORD
And
TENANT
Table of Contents
Article 1- Definitions and Basic Lease Provisions …………………………………………………………. 4
Section 1.1 Basic Lease Provisions……………………… …………………………………….. .4-5
Article 2- Terms and Construction ……………………………………………………………………..……5
Section 2.1 Leased Premises……………………………………………………… ………….…..5
Section 2.2 Initial Term …………………………………………………………………… ….….5
Section 2.3 Commencement Date…………………………………………………………… .…..5
Section 2.4 Acceptance of Premises………………………………………………………… .….. 5-6
Article 3- Rent……………………………………………………………………………………………......6
Section 3.1 Base Rent…………………………………………………………………………….6
Section 3.2 Late Rent………………………………...…………………………………………...6
Section 3.3 Unpaid Fees…………………………………………………………………………..6
Section 3.4 NSF Checks……………………………………………………………………………6
Section 3.5 Real Estate/ Personal Property Tax……………………..……………………………...6
Section 3.6 Utilities……………………………………………………………...………………..6-7
Section 3.7 Option to Renew………………………...…………………………………………....7
Article 4- Use and Occupancy………………………..…………………………………………………….....7
Section 4.1 Use of premises…………………………….………………………………………….7
Section 4.2 Quiet Enjoyment………………………………………………………………………7
Section 4.3 Holding Over and Month to Month Occupancy………………….…………………...7
Section 4.4 Delivery of Premises……………………………………………………….……….....8
Section 4.5 Right of Relocation…………………………………………………………………….8
Section 4.6 Signage.………………………………………………………………………………...8-9
Article 5- Maintenance……………………………………………………………...………………………….9
Section 5.1 Landlord’s Obligations for Maintenance……………………………..…………….….9
Section 5.2 Tenant’s Obligations for Maintenance………………………………………..……….9-10
Section 5.3 Tenant’s Responsibility for Toxic Substances and Medical Waste………. ……….… 10
Article 6- Insurance and Indemnity……………………………………………………………………….…....10
Section 6.1 Hold Harmless………………………………………………………………………....10
Section 6.2 Tenant’s Obligation to Carry Insurance……………………………………….………10
Section 6.3 Landlord’s Obligation to Carry Insurance………………………………………....….10
Article 7- Eminent Domain…………………………………………………………………………………....11
Section 7.1 Total Condemnation…………………………………………………………………..11
Section 7.2 Partial Condemnation………………………………………………………….……..11
Section 7.3 Landlord’s and Tenant’s Damages……………………………………………………11
Article 8- Destruction and Restoration………………………………………………………………………..12
Section 8.1 Reconstruction of Damaged Premises………………………………………………..12
Section 8.2 Right to Termination…………………………………………………………...…......12
Article 9- Receiving, Delivery and Tenant Parking……………………………………………………….....12
Section 9.1 Receiving and Delivering Tenant’s Merchandise
and Disposition of Refuse…………………………………………………….…12
Section 9.2 Parking Areas…………………………………………………………………..….....12
Article10- Entry by Landlord………………………………………………………………………………….12
Section 10.1 Inspection and Exhibition………….……………………………………………..... 12
Section 10.2 Key to Leased Premises……………………………………………………………..12
Article 11- Assignment and Subletting. …………… ………………………………………………………..13
Section 11.1 Assignment……………………………………………..…………………………..13
Section 11.2 Subletting……………………………….………………………………………….13
Section 11.3 Controlled Corporations and Successors …………………………..………….…13
Section 11.4 Tenant’s Continuing Obligations…………………………………………………..13
Article 12- Default……………………………………………………………………………………………13
Section 12.1 Default……………………………………………………………………………..13
Section 12.2 Non-Curable Default…………………………………………………………….....13
Section 12.3 Landlord’s Option to Renew…………………………………………………...…..13-14
2
Section 12.4 Landlord’s Right to Repossess……………………………………………………..14
Section 12.5 Reletting of the Premises…………………………………………………………...14
Section 12.6 Right to Cure Default…………………………………………………………..…..14
Section 12.7 Petition of Bankruptcy……………………………………………………..…..…...14
Section 12.8 Assumption of Bankruptcy……………………………………………………........14
Section 12.9 Damages………………………………………………………………………….....14-15
Section 12.10 Attorney’s Fees……………………………………………………………….........15
Section 12.11 Lien for Payment…………………………………………………………………...15
Section 12.12 Cumulative Remedies……………………………………………………………...15
Article 13- Miscellaneous………………………………………………………………………………….....15
Section 13.1 Waiver……………………………………………………………………..……….15
Section 13.2 Subordination and Attornment……….……………………………………….…....15
Section 13.3 Notices………………………………………………………………………….......15-16
Section 13.4 Construction…………………………………………………………………….......16
Section 13.5 Tenant’s Cooperation with Landlord’s Financing and (Estoppel Certificates)….…16
Section 13.6 Accord and Satisfaction…………………………………………………………….16
Section 13.7 Captions and Section Numbers……………………………………………………..16
Section 13.8 Partial Invalidity………………………………………………………………….....16
Section 13.9 Effectiveness of Lease Agreement………………………………………………….16
Section 13.10 Delays…………………………………………………………………………........16
Section 13.11 Entire Agreement……………………………………………………………….….16
Section 13.12 Successors…………………………………………………………………….........16
Section 13.13 Recording…………………………………………………………………………..17
Section 13.14 Liens…………………………………………………………………………….….17
Section 13.15 Authority to Sign……………………………………………………………….......17
Section 13.16 Inspections & Permits……………………………………………………………....17
Section 13.17 Brokers/ Commission.……………………………………………………………...17
Section 13.18 Submission of Lease & Previous Agreements……………………………………..17
Section 13.19 Additional Provisions……………………………………………………………....18
3
Lease
This Lease Agreement (herein “Lease”) is made and entered into this ___________ day of ________, __________ by and between the
Landlord and Tenant identified in Section 1.1, and constitutes a lease between the parties of the Leased Premises defined in Section 1.1, on
the terms and conditions herein set forth.
Article 1- Definitions and Basic Lease Provisions
Section 1.1 Basic Lease Provisions. The following are certain basic lease provisions and definitions, which are a part of, and in certain
instances referred to in the subsequent sections of this Lease:
(a) Landlord means:
(b) Tenant means:
(c) Leased Premises means: Approximately _________________________($_____) gross floor area and approximately
___________________ (______) square feet of net usable floor area, as contained in the Building located at:
________________________________ . A floor plan of the Leased Premises is attached to this Lease as Exhibit “A”,
and incorporated herein.
(d) Base Rent will be ____________________ ($__________) Dollars per month, with increases, if any, as provided in
Article 3, and in the Rent Schedule, which is attached to this Lease as Exhibit “B”, and incorporated herein. Tenant
shall also be responsible for timely pay of all separately metered utilities and services to the Leased Premises.
(e) Tenant’s Share or Tenant’s Proportionate Share means:_____% which is based upon the square footage of the
Leased Premises being _______________________ (_______) sq. feet, divided by the estimated, total square footage
of the Building, being ____________ square feet.
(f) Security Deposit means ______________________________(__________) .
(g) Landlord shall not be obligated to apply all or any portions of the Security Deposit on account of Tenant’s obligations
hereunder, or to segregate the same. Subject to section 4.4 of this lease, the Security Deposit shall be returned to
Tenant upon the expiration of this Lease minus the cost to repair or restore any damage or alterations caused to the
Premises by Tenant during the term of this Lease, except for reasonable wear and tear. Landlord shall also have the
right to retain a portion or all of the security deposit and apply it towards any unpaid or delinquent rental charges and
fees. Tenant shall not have the right to apply the Security Deposit in payment of last month’s rent.
Tenant acknowledges that early termination of this lease will result in a forfeiture of security deposit to Landlord.
(h) Tenant’s name, address, phone, fax, and e-mail numbers for notices:
Name:
Address:
Phone:
E-mail:
(i) Landlord’s name, address, phone, fax, and e-mail numbers for notices:
Name:
Address: 5647 Sashabaw Road, Clarkston, MI 48346
Phone: 248-625-1188
Fax: 248-625-2297
E-mail: gina@independencemanagamentcorp.com
(j) Guarantor means: (Guaranty attached as Exhibit “E” to this Lease and incorporated herein)
(k) Guarantor’s name, address, phone and fax number for notices:
Name:
Address:
Phone:
E-mail:
4
no reviews yet
Please Login to review.
