Sample Lease Agreement Letter
[YOUR NAME]
[YOUR COMPANY NAME]
[YOUR COMPANY ADDRESS]
October 3, 2050
Golda Larson
Modesto, CA 95350
Subject: Commercial Lease Agreement
Dear Golda Larson,
This Commercial Lease Agreement ("Agreement") is entered into on this 3rd day of October, 2050, by and between [YOUR COMPANY NAME], a Illinois corporation, with a principal place of business at [YOUR COMPANY ADDRESS] ("Tenant"), and Golda Larson, the owner of the property located at Modesto, CA 95350 ("Landlord").
1. Lease Term
The lease shall commence on November 1, 2050, and shall continue for a period of 5 years, terminating on October 31, 2055, unless terminated earlier as provided herein.
2. Premises
Landlord hereby leases to Tenant the commercial space described as follows:
Address: Oxnard, CA 93030
Type of Space: Office
Square Footage: 2,500 sq. ft.
3. Rent
Tenant agrees to pay the Landlord a monthly rent of $3,000 due on the 1st of each month. The first month's rent shall be paid on or before the commencement of this lease.
4. Security Deposit
Tenant shall deposit with Landlord the sum of $6,000 as a security deposit, to be held by Landlord for the duration of the lease term. The security deposit shall be refundable upon termination of this lease, subject to any deductions for damages or unpaid rent.
5. Use of Premises
The premises shall be used solely for office and administrative purposes and for no other purpose without prior written consent from Landlord. Tenant shall comply with all applicable laws, regulations, and ordinances in connection with its use of the premises.
6. Maintenance and Repairs
Tenant shall maintain the premises in good condition and repair. Landlord shall be responsible for structural repairs and maintenance of the building's systems, including plumbing, electrical, and HVAC systems.
7. Alterations
Tenant shall not make any alterations, additions, or improvements to the premises without the prior written consent of Landlord. Any approved alterations shall become the property of Landlord upon termination of this lease.
8. Insurance
Tenant shall maintain commercial general liability insurance covering the premises with a minimum coverage of $1,000,000 and shall provide proof of such insurance to Landlord upon request.
9. Termination
This Agreement may be terminated by either party upon 30 days written notice, provided that Tenant shall remain responsible for all obligations incurred prior to the termination date.
10. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of [STATE NAME].
IN WITNESS WHEREOF, the parties have executed this Commercial Lease Agreement as of the date first above written.
Golda Larson
Landlord
[YOUR NAME]
Tenant
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