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Commercial Lease Agreement 1


Commercial Lease Agreement 1 Page 2
Each party signing this lease should seek legal advice prior to executing this lease. This lease is a sample and does not constitute legal advice. Page 2 of 4
Commercial Lease
Law Offices of Todd E. Kobernick
structural foundations, and_______________________________________________________________________________,
which shall be maintained by Lessor. Tenant shall also maintain in good condition such portions adjacent to the Real Property, such
as sidewalks, driveways, lawns and shrubbery, which would otherwise be required to be maintained by Lessor.
6. Alterations. Tenant shall not, without first obtaining the written consent of Lessor, make any alternations, additions, or
improvements, in, to or about the Real Property.
7. Ordinances and Statutes. Tenant shall comply with all statutes, ordinances, regulations, covenants, conditions and requirements
of all municipal, state and federal authorities (including owners association and similar entities) now in force, or which may
hereafter be in force, pertaining to the Real Property, occasioned by or affecting the use thereof by Tenant.
8. Assignment and Subletting. Tenant shall not assign this Lease or sublet any portion of the Real Property without prior written
consent of the Lessor, which shall not be unreasonably withheld. Any such assignment or subletting without consent shall be void
and, at the option of the Lessor, may terminate this Lease.
9. Utilities. All applications and connections for necessary utility services on the Real Property shall be made in the name of
Tenant only, and Tenant shall be solely liable for utility charges as they become due, including those for sewer, water, gas,
electricity, and telephone services.
10. Entry and Inspection. Tenant shall permit Lessor or Lessors agents (and/or Lessors lenders and/or their agents and
representatives) to enter upon the Real Property at reasonable times and upon reasonable notice, for the purpose of inspecting the
same, and will permit Lessor at any time within ninety (90) days prior to the expiration of this Lease, to place upon the Real Property
any usual To Let or "For Lease signs, and permit persons desiring to lease the same to inspect the Real Property thereafter.
11. Possession. If Lessor is unable to deliver possession of the Real Property at the commencement hereof, Lessor shall not be
liable for any damage caused thereby, nor shall this Lease be void or voidable, but Tenant shall not be liable for any rent until
possession is delivered. Tenant may terminate this Lease if possession is not delivered within one hundred twenty days of the
commencement of the term hereof.
12. Indemnification of Lessor. Lessor shall not be liable for any damage or injury to Tenant, or any other person, or to any
property, occurring on the Real Property or any part thereof, and Tenant agrees to indemnify and hold Lessor harmless from any
claims for damages, no matter how caused, except for those caused by the sole negligence or sole unlawful conduct of Lessor.
13. Insurance. Tenant, at Tenants expense, shall maintain plate glass and public liability insurance including bodily injury and
property damage insuring Tenant and Lessor with minimum coverage as follows:
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Tenant shall provide Lessor with a Certificate of Insurance showing Lessor as additional insured. The Certificate shall provide for a
ten-day written notice to Lessor in the event of cancellation or material change of coverage. To the maximum extent permitted by
insurance policies which may be owned by Lessor or Tenant, Tenant and Lessor, for the benefit of each other, waive any and all
rights of subrogation which might otherwise exist.
14. Eminent Domain. If the Real Property or any part thereof or any estate therein, or any other part of the building materially
affecting Tenants use of the Real Property, shall be taken by eminent domain, this Lease shall terminate on the date when title vests
pursuant to such taking. The rent, and any additional rent, shall be apportioned as of the termination date, and any rent paid for any
period beyond that date shall be repaid to Tenant. Tenant shall not be entitled to any part of the award for such taking or any
payment in lieu thereof, but Tenant may file a claim for any taking of fixtures and improvements owned by Tenant, and for moving
expenses.
15. Destruction of Real Property. In the event of a partial destruction of the Real Property during the term hereof, from any
cause, Lessor shall forthwith repair the same, provided that such repairs can be made within sixty (60) days under existing
governmental laws and regulations; but, such partial destruction shall not terminate this Lease, except that Tenant shall be entitled to
a proportionate reduction of rent while such repairs are being made, based upon the extent to which the making of such repairs shall
interfere with the business of Tenant on the Real Property. If such repairs cannot be made within said sixty (60) days, Lessor, in
Lessors sole discretion and option, may make the repairs within a reasonable time, this Lease continuing in effect with the rent
Commercial Lease Agreement 1