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COMMERCIAL LEASE AGREEMENT
THIS LEASE AGREEMENT is made and entered into [DATE], by and
between [NAME], whose address is [ADDRESS], (hereinafter referred
to as "Landlord"), and [NAME], whose address is [ADDRESS],
(hereinafter referred to as "Tenant").
ARTICLE I - GRANT OF LEASE
Landlord, in consideration of the rents to be paid and the covenants
and agreements to be performed and observed by the Tenant, does
hereby lease to the Tenant and the Tenant does hereby lease and take
from the Landlord the property described in Exhibit "A" attached
hereto and by reference made a part hereof (the "Leased Premises"),
together with, as part of the parcel, all improvements located thereon.
ARTICLE II - LEASE TERM
Section l. Total Term of Lease. The term of this Lease shall begin on
the commencement date, as defined in Section 2 of this Article II, and
shall terminate on [DATE].
Section 2. Commencement Date. The "Commencement Date" shall
mean the date on which the Tenant shall commence to conduct
business on the Leased Premised, so long as such date is not in excess
of sixty (60) days subsequent to execution hereof.
ARTICLE III - EXTENSIONS
The parties hereto may elect to extend this Agreement upon such
terms and conditions as may be agreed upon in writing and signed by
the parties at the time of any such extension.
ARTICLE IV - DETERMINATION OF RENT
The Tenant agrees to pay the Landlord and the Landlord agrees to
accept, during the term hereof, at such place as the Landlord shall
from time to time direct by notice to the Tenant, rent at the following
rates and times:
Section 1. Annual Rent. Annual rent for the term of the Lease shall be
[AMOUNT] Dollars ($[#]), plus applicable sales tax.
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