Commercial Lease
I. PREMISES
The Landlord hereby leases to the Tenant the following premises (the "Premises"):
The Premises shall be used solely for the purpose of operating a professional consulting firm and for no other purpose without the prior written consent of the Landlord.
II. TERM
The term of this Lease shall commence on January 1, 2061, and shall continue for a period of 5 years, ending on December 31, 2065, unless sooner terminated as provided herein.
III. RENT
Amount of Rent: Tenant agrees to pay the Landlord rent in the amount of $4,000.00 per month.
Due Date: Rent shall be due on the 1st day of each month, beginning on January 1, 2061.
Late Payment: Any payment not received by the due date shall be subject to a late fee of $150.00.
Payment Method: Rent payments shall be made by wire transfer to the Landlord at [YOUR COMPANY ADDRESS] or as otherwise directed by the Landlord.
IV. SECURITY DEPOSIT
Tenant shall deposit with the Landlord the sum of $8,000.00 as a security deposit for the performance of the terms of this Lease. The security deposit will be held by the Landlord and may be used to cover any damage to the Premises, unpaid rent, or other charges due under this Agreement.
V. USE OF PREMISES
Permitted Use: The Premises shall be used exclusively for operating a professional consulting firm.
Compliance with Laws: Tenant agrees to comply with all local, state, and federal laws, ordinances, and regulations applicable to the Premises and its use.
Alterations: Tenant shall not make any alterations, improvements, or changes to the Premises without the prior written consent of the Landlord.
VI. MAINTENANCE AND REPAIR
Tenant's Responsibility: Tenant shall maintain the interior of the Premises in good condition, including but not limited to cleaning, repairing, and replacing any damage caused by the Tenant’s use.
Landlord's Responsibility: Landlord shall maintain the exterior of the Premises, including the roof, foundation, and common areas.
VII. INSURANCE
Tenant’s Insurance: Tenant shall maintain liability insurance covering bodily injury and property damage on the Premises, with a minimum coverage of $1,000,000.00.
Landlord’s Insurance: Landlord shall maintain property insurance for the building structure and any property owned by the Landlord.
VIII. UTILITIES
Tenant shall be responsible for the payment of all utilities for the Premises, including but not limited to water, electricity, gas, and trash removal, unless otherwise agreed upon by the Parties.
IX. ASSIGNMENT AND SUBLETTING
Tenant shall not assign or sublet the Premises without the prior written consent of the Landlord. Any assignment or subletting without consent shall be void.
X. DEFAULT AND TERMINATION
Tenant Default: If Tenant fails to pay rent, maintain the Premises, or comply with the terms of this Lease, the Landlord may give written notice to the Tenant and, if the default is not cured within 30 days, the Landlord may terminate this Lease.
Landlord Default: If Landlord fails to perform its obligations under this Lease and does not cure the default within 30 days after receiving written notice, Tenant may terminate this Lease.
XI. INDEMNIFICATION
Tenant agrees to indemnify and hold harmless the Landlord from any claims, damages, or liabilities arising out of the use of the Premises by the Tenant, its agents, or employees.
XII. GOVERNING LAW
This Lease shall be governed by and construed in accordance with the laws of the state of Texas.
XIII. ENTIRE AGREEMENT
This Agreement contains the entire understanding between the Parties and supersedes all prior oral or written agreements or understandings between the Parties regarding the subject matter hereof. Any amendments or modifications to this Lease must be in writing and signed by both Parties.
XIV. SIGNATURES
IN WITNESS WHEREOF, the Parties have executed this Lease Agreement as of the date first above written.
Landlord:
Tenant:
