Hotel Lease Contract
This Hotel Lease Contract (the “Lease”) is entered into on [Month Day, Year], by and between [Your Company Name] (the “Hotel”), located at [Your Company Address], and [Tenant Name] (the “Tenant”), located at [Tenant Address].
1. Lease Term
1.1 The Lease shall commence on [Month Day, Year] and continue for a period of [0] years, unless earlier terminated in accordance with the terms herein. Upon expiration of the initial term, the Lease may be renewed for successive terms by mutual agreement of the parties.
1.2 The Tenant shall have the option to terminate the Lease upon providing the Hotel with written notice of termination at least [0] days prior to the desired termination date.
1.3 If the Tenant remains in possession of the premises after the expiration or termination of the Lease without the Hotel’s consent, the tenancy shall be deemed a month-to-month tenancy subject to all the terms and conditions of this Lease.
1.4 The Hotel shall have the right to terminate the Lease upon providing the Tenant with written notice of termination at least [0] days prior to the desired termination date.
1.5 Upon the expiration or termination of the Lease, the Tenant shall surrender the premises to the Hotel in good condition, ordinary wear and tear excepted.
2. Rent
2.1 The Tenant shall pay the Hotel an annual rent of $[0] payable in monthly installments of $[0] each, due on the first day of each month. Rent payments shall be made to the Hotel at [Your Company Address] or to such other place as the Hotel may designate in writing.
2.2 The Hotel may increase the rent at the beginning of each renewal term by giving the Tenant written notice of the new rental amount at least [0] days prior to the commencement of the renewal term.
2.3 The Tenant shall pay a late fee of $[0] for any rent payment that is not received by the Hotel within [0] days of the due date.
2.4 The Tenant shall not withhold rent or deduct any amounts from rent due to any alleged breach of this Lease by the Hotel, unless such withholding or deduction is expressly authorized by law.
3. Use of Premises
3.1 The Tenant shall use the premises solely for the operation of a hotel business and for no other purpose. The Tenant shall comply with all applicable laws, ordinances, and regulations relating to the use and operation of the premises.
3.2 The Tenant shall not make any alterations or improvements to the premises without the prior written consent of the Hotel, which consent shall not be unreasonably withheld.
3.3 The Tenant shall not allow any hazardous materials to be brought onto the premises or stored on the premises without the Hotel’s prior written consent.
3.4 The Tenant shall not use the premises for any unlawful purpose or in any manner that may disturb or annoy other tenants or guests of the Hotel.
4. Maintenance and Repairs
4.1 The Hotel shall be responsible for all maintenance and repairs to the premises, except for those caused by the Tenant’s negligence or misuse. The Tenant shall promptly notify the Hotel of any maintenance or repair issues that arise during the term of the Lease.
4.2 The Tenant shall be responsible for maintaining the premises in a clean and sanitary condition and shall be responsible for any damage caused by the Tenant’s failure to do so.
4.3 The Tenant shall be responsible for maintaining all fixtures, equipment, and appliances provided by the Hotel in good working order.
5. Insurance
5.1 The Tenant shall maintain comprehensive general liability insurance with limits of not less than $[0] per occurrence and $[0] in the aggregate, naming the Hotel as an additional insured. The Tenant shall also maintain property insurance on all of its personal property located on the premises.
5.2 The Hotel shall maintain property insurance on the premises in an amount sufficient to cover the replacement cost of the premises.
5.3 Each party shall provide the other party with a certificate of insurance evidencing the coverage required by this Lease.
6. Indemnification
6.1 The Tenant shall indemnify and hold harmless the Hotel from and against any and all claims, damages, losses, liabilities, and expenses arising out of or in connection with the Tenant’s use or occupancy of the premises, including without limitation, any claims arising from the Tenant’s breach of this Lease.
7. Default
7.1 If the Tenant fails to pay rent when due or otherwise breaches any other provision of this Lease, the Hotel may terminate the Lease and evict the Tenant from the premises. The Hotel shall have the right to recover from the Tenant all damages incurred as a result of the Tenant’s default.
7.2 If the Hotel defaults in the performance of any of its obligations under this Lease, the Tenant may terminate the Lease upon providing the Hotel with written notice of termination and a reasonable opportunity to cure the default.
7.3 In the event of a default by either party, the non-defaulting party shall be entitled to recover from the defaulting party all costs and expenses incurred in enforcing its rights under this Lease, including without limitation, reasonable attorneys’ fees.
8. Assignment and Subletting
8.1 The Tenant shall not assign this Lease or sublet the premises without the prior written consent of the Hotel, which consent shall not be unreasonably withheld. Any assignment or subletting in violation of this provision shall be void and shall constitute a material breach of this Lease.
8.2 The Hotel may assign its interest in this Lease without the Tenant’s consent.
9. Governing Law
9.1 This Lease shall be governed by and construed in accordance with the laws of the State of [State]. Any dispute arising under or relating to this Lease shall be resolved exclusively by the state or federal courts located in [County], [State].
10. Entire Agreement
10.1 This Lease constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral, relating to such subject matter. This Lease may not be amended except by a written instrument executed by both parties.
11. Severability
11.1 If any provision of this Lease is held to be invalid or unenforceable, the remaining provisions of this Lease shall remain in full force and effect.
12. Waiver
12.1 The failure of either party to enforce any provision of this Lease shall not be construed as a waiver of such provision or any other provision herein.
IN WITNESS WHEREOF, the parties hereto have executed this Lease as of the date first above written.
[Hotel Name]
By:
[Your Name]
[Title]
[Tenant Name]
By:
[Full Name]
[Title]
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