each reference in this lease to a basic lease provision shall be construed to incorporate all of the terms provided for under such provisions. (a) tenant shall pay to landlord monthly percentage rent in excess of the monthly base rent for each calendar month during which tenant occupies the leased premises. in addition, landlord shall have the right to employ an accounting representative of landlord’s choice to examine such books and records as may be necessary to certify the amount of tenant’s gross sales for such lease year, and tenant shall promptly pay to landlord the cost of such audit. except as expressly provided to be paid by landlord, tenant shall pay any and all sums of money or charges required to be paid by tenant under this lease promptly when the same are due. except as may be otherwise specifically provided in this lease to the contrary, tenant shall pay any and all costs and expenses of any kind relating to the leased premises and/or the improvements or arising from its or their use or operation, except for debt service on mortgages imposed by landlord. title to any of tenant’s property remaining in or on the leased premises or the improvements after such date shall be vested in landlord without further act or instrument. so long as tenant has an obligation to repair or restore the improvements, all insurance proceeds shall be made available to tenant and shall be used by tenant for repair or restoration of improvements.
if tenant shall fail to perform any of its obligations under this article 8, landlord may perform the same and the cost of same shall be deemed additional rent and shall be payable upon landlord’s demand. tenant shall repair the improvements and the leased premises in accordance with the initial plans and specifications for the construction of such improvements. if the whole of the leased premises shall be taken by any public authority under the power of eminent domain, then the term of this lease shall cease as of the day possession shall be taken by such public authority and rent shall be paid up to that day with a proportionate refund by landlord of such rent as may have been paid in advance for a period subsequent to the date of the taking. provided that landlord furnishes tenant with the name and address of any mortgagee of landlord, tenant shall give notice to any mortgagee of landlord of any claimed default hereunder, and landlord’s mortgagee shall have an additional thirty (30) days over and above the thirty (30) days given to landlord in which to cure such default, and a cure by landlord’s mortgagee shall be deemed a cure by landlord hereunder. this lease shall be governed by, and construed in accordance with, the laws of the state of texas, without resort to the principles of conflicts of laws thereof. skilled in the details of complex corporate transactions, i have 15 years experience working with entrepreneurs and businesses to plan and grow for the future. “contractscounsel suited my needs perfectly, and i really appreciate the work to get me a price that worked with my budget and the scope of work.”
a commercial lease agreement allows a landlord to lease a space for retail, office, or industrial use. the tenant’s annual rent is based on a commercial lease agreement is a contract, so it must include certain elements and key information for it to be valid and enforceable. at a minimum, as a commercial landlord, you can use a retail lease as a means of documenting the details of a retailer’s tenancy. when it is drafted correctly, this essential, types of commercial leases, types of commercial leases, free commercial lease agreement, simple commercial lease agreement, simple commercial lease agreement pdf.
the retail lease agreement is a contract between owner and tenant; whoever is interested in renting a property. the legal procedure goes through different phases from having an owner and tenant’s name, address everything to finalising a deal. partial lease year: any portion of the term less than twelve (12) consecutive full calendar months. r. permitted use: the premises shall be used for the retail the purpose of commercial lease agreements is to establish lease terms so parties are bound to them. it also gives the tenant the right to use a retail lease agreement is a contract between the landlord and tenant that outlines the terms of renting space in a building., one page commercial lease agreement, shopping center lease agreement, commercial lease agreement word document, 5 year commercial lease agreement, month to-month commercial lease agreement, restaurant lease agreement pdf, office lease agreement template, what should be included in a commercial lease agreement, commercial lease agreement california, lease agreement sample.
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