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Nevada Commercial Lease Agreement Form

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Nevada Commercial Lease Agreement Form Page 2
Nevada Commercial Lease Agreement Form
4. Sublease and Assignment.
Tenant shall have the right without Landlord's consent, to assign this Lease to a corporation with which
Tenant may merge or consolidate, to any subsidiary of Tenant, to any corporation under common
control with Tenant, or to a purchaser of substantially all of Tenant's assets. Except as set forth above,
Tenant shall not sublease all or any part of the Leased Premises, or assign this Lease in whole or in
part without Landlord's consent, such consent not to be unreasonably withheld or delayed.
5. Repairs.
During the Lease term, Tenant shall make, at Tenant's expense, all necessary repairs to the Leased
Premises. Repairs shall include such items as routine repairs of floors, walls, ceilings, and other parts of
the Leased Premises damaged or worn through normal occupancy, except for major mechanical
systems or the roof, subject to the obligations of the parties otherwise set forth in this Lease.
6. Alterations and Improvements.
Tenant, at Tenant's expense, shall have the right following Landlord's consent to remodel, redecorate,
and make additions, improvements and replacements of and to all or any part of the Leased Premises
from time to time as Tenant may deem desirable, provided the same are made in a workmanlike
manner and utilizing good quality materials. Tenant shall have the right to place and install personal
property, trade fixtures, equipment and other temporary installations in and upon the Leased Premises,
and fasten the same to the premises. All personal property, equipment, machinery, trade fixtures and
temporary installations, whether acquired by Tenant at the commencement of the Lease term or placed
or installed on the Leased Premises by Tenant thereafter, shall remain Tenant's property free and clear
of any claim by Landlord. Tenant shall have the right to remove the same at any time during the term of
this Lease provided that all damage to the Leased Premises caused by such removal shall be repaired
by Tenant at Tenant's expense.
7. Property Taxes.
Landlord shall pay, prior to delinquency, all general real estate taxes and installments of special
assessments coming due during the Lease term on the Leased Premises, and all personal property
taxes with respect to Landlord's personal property, if any, on the Leased Premises. Tenant shall be
responsible for paying all personal property taxes with respect to Tenant's personal property at the
Leased Premises.
8. Insurance.
A. If the Leased Premises or any other part of the Building is damaged by fire or other casualty resulting
from any act or negligence of Tenant or any of Tenant's agents, employees or invitees, rent shall not be
diminished or abated while such damages are under repair, and Tenant shall be responsible for the
costs of repair not covered by insurance.
B. Landlord shall maintain fire and extended coverage insurance on the Building and the Leased
Premises in such amounts as Landlord shall deem appropriate. Tenant shall be responsible, at its
expense, for fire and extended coverage insurance on all of its personal property, including removable
trade fixtures, located in the Leased Premises.
C. Tenant and Landlord shall, each at its own expense, maintain a policy or policies of comprehensive
general liability insurance with respect to the respective activities of each in the Building with the
premiums thereon fully paid on or before due date, issued by and binding upon some insurance
company approved by Landlord, such insurance to afford minimum protection of not less than
$1,000,000 combined single limit coverage of bodily injury, property damage or combination thereof.
Landlord shall be listed as an additional insured on Tenant's policy or policies of comprehensive general
liability insurance, and Tenant shall provide Landlord with current Certificates of Insurance evidencing
Tenant's compliance with this Paragraph. Tenant shall obtain the agreement of Tenant's insurers to
notify Landlord that a policy is due to expire at least (10) days prior to such expiration. Landlord shall not
be required to maintain insurance against thefts within the Leased Premises or the Building.
9. Utilities.
Nevada Commercial Lease Agreement Form