BUSINESS LEASE

 

IDENTIFICATION OF PARTIES: This agreement is entered between                                  , as landlord, whose address and telephone number are                                                                        , and                                           , as tenant, whose address and telephone number are                                                                                     .

DESCRIPTION OF PROPERTY: The landlord leases to tenant the following property described as:                                                                                            located at                                            County,                                           , and which business address of this property is:                                                        together with all improvements, rights, easements, and appurtenances belonging to the property.

LENGTH OF LEASE: The term of this lease begins on                                      , yr           , and shall expire and terminate on                                           , yr         .

RENT: The tenant shall pay the landlord as rent $                 per               , in advance, beginning on                                           , yr          . All payments are due on the             of each                    . All rental payments shall be made to the landlord at the address specified above. Any additional rent shall be as follows:
                                                                                    .
Delinquent rent shall draw interest at           % per annum.

POSSESSION: The landlord shall deliver possession of the premises to tenant on                                           , yr        , and the tenant shall surrender the premises in good and clean condition (except ordinary wear and tear) to the landlord at the expiration of this lease, unless otherwise agreed upon in writing.

USE: The tenant shall use the premises for the following purposes:
                                                                                                                       .  Any other purposes are prohibited unless agreed upon in writing by the parties.

REPAIR AND MAINTENANCE: The landlord shall be responsible for the following repairs and maintenance of the premises:                                                         .
The tenant shall be responsible for the following repairs and maintenance of the premises:                                                                                                   .

The tenant shall be responsible for and repair any damage to the premises caused by the tenantís negligence or misuse of the property or by the tenantís employees, agents or invitees.

 

This is not a substitute for legal advice.  An attorney must be consulted.
Copyright © 1994 - 2014 by LAWCHEK, LTD.

 

 

UTILITIES: The landlord shall furnish the following utilities and services:
                                                                                                              .
The tenant shall pay the following utilities and services:
                                                                                                              .

IMPROVEMENTS AND ALTERATIONS: The tenant shall make the following improvements and alterations to the premises:
                                                                                                             
.
Such improvements and alterations shall be completed by                               , yr        , and are deemed as additional rent paid by the tenant. Any other improvements or alterations are prohibited unless agreed upon in writing by the parties.

INSURANCE AND INDEMNIFICATION: Property, casualty, fire or other appropriate insurance on the premises shall be maintained by                                       in the amount of $                                     . Neither the landlord nor the tenant shall commit any act or omission invalidating any insurance policy or causing the insurance rate for the premises to increase. Any additional insurance on the premises is as follows:                                                                           .
The tenant shall indemnify, protect and defend the landlord from and against any liability or loss resulting or arising from the tenantís misuse of the premises or negligence or by the tenantís agents, employees or invitees. The tenant shall maintain liability insurance as follows:                                                                           .

FIRE AND CASUALTY: If fire or other casualty damages the premises to the extent that the tenant is unable to use the premises as agreed upon by the parties in this lease, the landlord or the tenant may terminate the lease by giving         daysí notice to the other party.

MECHANICíS LIENS: The tenant and its agents or employees shall not file any mechanicís liens on or against the premises. The tenant shall give advance notice of this provision to all contractors or subcontractors who furnish labor, services or materials for any improvement or alteration on the premises.

ASSIGNMENT OR SUBLETTING: The tenant shall not assign or sublet the tenantís interest in the premises by virtue of this lease without first obtaining written consent of the landlord. The landlordís consent shall not unreasonably be withheld.

DEFAULT: In the event the tenant defaults in the performance of any provision of this lease, the landlord may terminate the lease at its option without prejudice to any other rights it may have pursuant to the laws of the state where this lease is executed. Prior to terminating the lease pursuant to this provision, the landlord shall first give to the tenant          daysí notice that the tenant is in default and specify the nature of the default and that the lease will be terminated if the default is not cured.

 

This is not a substitute for legal advice.  An attorney must be consulted.
Copyright © 1994 - 2014 by LAWCHEK, LTD.

 

 

CHOICE OF FORUM AND LAW: This lease is executed pursuant to the laws of the State of Alabama and the laws of such state shall be applied in the interpretation and construction of this lease. Any judicial proceeding brought pursuant to or to enforce this lease shall be brought in the State and County of                                            .

LANDLORDíS AGENT: The landlord designates                                         , whose address and telephone number are                                                                  , as the person authorized to manage the premises and receive notices and demands.

ENFORCEABILITY: This lease is binding upon the parties, successor, heirs, administrators, executors and assigns. In the event that any provision of this lease is declared unenforceable by a court or other judicial tribunal, the remaining provisions of this lease shall remain in full force and effect.

ADDITIONAL PROVISIONS:

 

 

 

 

 

 

Dated this              day of                               , yr              .

 

                                                                                       
LANDLORD TENANT
                                                                                       
WITNESS WITNESS

 

Attach Acknowledgment if necessary.

 

This is not a substitute for legal advice.  An attorney must be consulted.
Copyright © 1994 - 2014 by LAWCHEK, LTD.

 

This is not a substitute for legal advice.  An attorney must be consulted.
Copyright © 1994 - 2014 by LAWCHEK, LTD.

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