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Use the information and draft it. Tenant Obligations: 1. Lease the premises from the commencement date to the termination date. 2. Accept the premises in
Use the information and draft it.
Tenant Obligations: 1. Lease the premises from the commencement date to the termination date. 2. Accept the premises in their present condition "as is," the premises being currently suitable for Tenant's intended use, except for approved. 3. Obey all laws, ordinances, orders, and rules and regulations applicable to the use, condition, and occupancy of the premises, including the rules and regulations of the building adopted by Landlord. 4. Pay monthly, in advance, on the first day of the month, the base rent to Landlord at Landlord's address. 5. Pay, as additional rent, tenant's pro rata share of operating and common expenses. 6. Pay a late charge of 10% of any rent not received by Landlord by the 10th day of the month in which the rent is due. 7. Pay for all utility services used by Tenant and not provided by Landlord and Tenant's pro rata share of any utility services provided by Landlord. 8. Pay monthly Tenant's pro rata share of estimated monthly operating expenses, and annually, the actual operating expenses, within 30 days of notice of the amount due. 9. Allow Landlord to enter the premises to perform Landlord's obligations, inspect the premises, and show the premises to prospective purchasers or tenants. 10. Repair, replace, and maintain any part of the premises that Landlord is not obligated to repair, replace, or maintain, normal wear excepted. 11. Repair any damage to the premises caused by Tenant. 12. Submit in writing to Landlord any request for repairs, replacement, and maintenance that are the obligations of Landlord. 13. Maintain public liability insurance for the premises and the conduct of Tenant's business, naming Landlord as an additional insured, in the amounts stated in the basic lease terms and definitions. 14. Maintain insurance on Tenant's personal property. 15. Deliver certificates of insurance to Landlord before the commencement date and thereafter when requested. 16. Indemnify, defend, and hold Landlord harmless from any loss, attorney's fees, expenses, or claims arising out of use of the premises. 17. Deliver to Landlord a financing statement perfecting the security interest. 18. Vacate the premises on termination of this lease. Tenant Limitations: 1. Use the premises for other than the permitted purpose. 2. (a) Create a nuisance, (b) interfere with any other tenant's normal business operations or Landlord's management of the building, (c) permit any waste, or (d) use the premises in any way that is extra hazardous, would increase insurance premiums, or would void insurance on the building. 3. Change locks or alter the premises, except as previously approved. 4. Assign this lease or sublease any portion of the premises without Landlord's written consent, except 21.G220 Real Estate law 08/2021 14Landlord Obligations: 1. Lease to Tenant the premises from the commencement date to the termination date. 2. Obey all laws, ordinances, orders, and rules and regulations applicable to the use, condition, and occupancy of the building 3. Provide normal utility service connections to the building. 4. Repair, replace, and maintain the (a) roof, (b) foundation, (c) parking and common areas, (d) structural soundness of the exterior walls, doors, corridors, windows, and (e) other structures or equipment serving the premises. 5. Insure the building against all risks of direct physical loss in an amount equal to at least 90 percent of the full replacement cost of the building as of the date of the loss and liability; Tenant will have no claim to any proceeds of Landlord's insurance policy. 6. Return the security deposit to Tenant, less itemized deductions, if any, within thirty (30) days after the termination of the lease. 7. Advance the Tenant Allowance. 8. Provide the essential services. 9. Provide an annual accounting of operating expenses passed through to Tenant. Landlord Limitations: 1. Interfere with Tenant's possession of the premises as long as Tenant is not in default. 2. Unreasonably withhold consent to a proposed assignment or sublease. Specific Matters: 1. Alterations- Landlord shall approve all Tenant's alterations in writing. 2. Rent Abatement-Tenant shall receive a 5 month rent abatement while renovating the premises. 3. Alternative Dispute Resolution- Landlord and Tenant shall submit in good faith to mediation before filing a suit for damages. 4. Limitation of Warranties. There are no implied warranties of merchantability, of fitness for a particular purpose, or of any other kind. 5. Representations and Warranties of the Parties [INSERT RELEVANT REPRESENTATIONS AND WARRANTIES] 6. Disclosures [INSERT RELEVANT DISCLOSURES] 7. Contingencies [INSERT RELEVANT CONTINGENCIES]. Each party agrees to exercise good faith efforts to satisfy any contingency within its reasonable control. PLG220 Real Estate law 08/2021Step by Step Solution
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