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Hawaii Commercial Lease Agreement

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Hawaii Commercial Lease Agreement Page 2
Hawaii Commercial Lease Agreement
C. In the event Lessor provides Lessee with a lawful Notice of Termination and Lessee shall
holdover beyond the expiration of the notice period provided in such notice, then Lessee shall
be deemed to be holding over without the consent of Lessor.
3. Rental.
A. Lessee agrees pay to Lessor rental in the sum of _______________________ Dollars ($
_________) per year, payable in installments of _______________________ Dollars ($
_________) per month. Each installment payment shall be due and payable in advance and
without demand on the first day of each calendar month. Payment shall be made at the
following address _____________________________________________________________,
or at such other place that Lessor shall designate in writing to Lessee.
B. The rental payment amount for any partial calendar months included in the lease term shall
be prorated on a daily basis.
C. Lessee shall pay the rent when due, without setoff or deduction.
D. In the event that Lessor accepts payment from Lessee for an amount less than the full
amount due, such lesser amount shall be treated as payment on account.
E. In the event that Lessor accepts a check from Lessee for an amount less than the full
amount due, and such check contains an endorsement or statement thereon that such lesser
amount is payment in full, such endorsement or statement shall be of no force or effect, and
Lessor may accept and negotiate such check without prejudice to any other rights or remedies
which Lessor may have against Lessee.
4. Security Deposit.
A. At the same time as Lessee pays the first rental installment, Lessee shall deposit with Lessor
a "Security Deposit" in the amount of ____________________________ Dollars ($
_________). Lessor shall hold such funds, in compliance with the laws of the State of Hawaii,
as security for the full faith and performance by Lessee of all the terms, covenants, and
conditions of this Hawaii Commercial Lease. Lessor shall apply such funds to all damages and
expenses allowed by the laws of the State of Hawaii, and shall return such funds, or such
portion of said funds as are not applied to damages and expenses, to Lessee at the end of this
Hawaii Commercial Lease, all in accordance with the laws of the State of Hawaii.
B. In the event Lessor sells the property made the subject of this Hawaii Commercial Lease,
Lessor shall transfer Lessee’s security deposit to the purchaser of the property, who shall hold
the security deposit under the terms of this Hawaii Commercial Lease, and Lessor shall be
released from all liability for the return of such security deposit to Lessee.
5. Landlord’s Lien.
A. Lessee acknowledges that Lessor has the right, to the full extent allowed by Hawaii law, to
hold and sell with due legal notice all property on or to be brought on the leased premises in
order satisfy unpaid rent, expenses, and utilities.
B. Lessee shall not remove, cause to be removed, or allow to be removed, any property brought
onto the leased premises, other than in the ordinary course of business, so long as Lessee is in
default in the terms of this Hawaii Commercial Lease.
Hawaii Commercial Lease Agreement
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