Salon Space Rental Agreement
This Salon Space Rental Agreement ("Agreement") is entered into on [Date], between [Your Company Name] ("Landlord") and [Tenant's Name] ("Tenant").
1. Description of the Space:
Landlord agrees to rent to Tenant and Tenant agrees to rent from Landlord the following space within [Your Company Name] located at [Salon Address]. The space consists of a well-lit area comprising 300 square feet, strategically located near the salon's entrance, and equipped with a styling chair, mirror, and storage cabinet.
2. Term of Lease:
The lease term shall commence on [Start Date] and shall terminate on [End Date], unless terminated earlier as provided herein.
3. Rent Payment Terms:
Tenant agrees to pay Landlord a monthly rent of [Rent Amount] on or before the [Day of the Month] of each month. Rent payments shall be made by [Accepted Payment Methods]. Late payments shall incur a late fee of [Late Fee Amount] per day until paid in full.
4. Security Deposit:
Tenant shall provide a security deposit in the amount of [Security Deposit Amount] upon signing this Agreement. The security deposit will be held by Landlord as security for the performance of Tenant's obligations hereunder and shall be returned to Tenant within [X] days after the termination of this Agreement, less any deductions for damages beyond reasonable wear and tear.
5. Utilities and Expenses:
Landlord shall be responsible for covering the costs of water, sewage, and property taxes, while Tenant shall be responsible for electricity, internet, and any additional services required for their business operations.
6. Permitted Use:
Tenant shall use the rented space solely for the purpose of operating a [Type of Business] and shall not engage in any activities that would disturb other tenants or violate any laws or regulations.
7. Insurance Requirements:
Tenant shall maintain general liability insurance with a minimum coverage of [Coverage Amount] naming Landlord as an additional insured.
8. Termination Clause:
Either party may terminate this Agreement upon [X] days written notice to the other party. In the event of early termination by Tenant, Tenant shall be responsible for payment of rent until the end of the notice period.
9. Renewal Options:
Tenant shall have the option to renew this Agreement for an additional term of [Renewal Term] upon written agreement by both parties, subject to negotiation of rent and other terms.
10. Signatures:
Both Landlord and Tenant hereby acknowledge that they have read and understood the terms of this Agreement and agree to be bound by its terms.
Landlord:
[Representative Name]
[Your Company Name]
[Date]
Tenant:
[Tenant's Name]
[Date]
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