Commercial Rental Agreement Design
This Commercial Rental Agreement ("Agreement") is made and entered into this 1st day of November 2050, by and between [Your Company Name], located at [Your Company Address], hereinafter referred to as the "Lessor," and BeansBee, with an email address of inquire@beansbee.mail and located at Nashville, TN 37201, hereinafter referred to as the "Tenant."
I. Premises
The Lessor hereby leases to the Tenant the commercial property located at 123 Commerce Blvd, Nashville, TN 37201, hereinafter referred to as the "Premises."
Description of Premises | Details |
|---|
Type of Property | Retail |
Total Area | 2,500 square feet |
Zoning | Commercial |
II. Term
The term of this lease shall commence on the 1st day of December 2050 and shall terminate on the 30th day of November 2055.
Duration
This Agreement shall have a duration of 60 months unless terminated earlier in accordance with the provisions of this Agreement.
III. Rent
The Tenant agrees to pay the Lessor a monthly rent of $2,500 due on the first day of each month.
Payment Details
Payment Method | Details |
|---|
Payment Method | Bank Transfer |
Late Fee | $200 |
Grace Period | 5 days |
IV. Security Deposit
The Tenant shall pay a security deposit in the amount of $5,000 prior to occupying the Premises. This deposit shall be held by the Lessor as security for any damages or unpaid rent.
V. Use of Premises
The Tenant shall use the Premises solely for the purpose of retail sales of consumer electronics and shall not engage in any unlawful activities.
Maintenance Responsibilities
Responsibility | Lessor/Tenant |
|---|
Structural Maintenance | Lessor |
Utilities | Tenant |
Cleaning and Upkeep | Tenant |
VI. Termination
This Agreement may be terminated by either party upon 30 days' written notice.
Conditions for Termination
VII. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee.
VIII. Miscellaneous
This Agreement contains the entire understanding between the parties and may not be modified except in writing signed by both parties.
IN WITNESS WHEREOF, the parties hereto have executed this Commercial Rental Agreement as of the day and year first above written.
Lessor: [Your Company Name]
Name: [Your Name]
Date: November 4, 2050
Tenant: BeansBee
Name: Porter Hoppe
Date: November 4, 2050
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