Lease Memorandum of Agreement
This Lease Memorandum of Agreement ("Agreement") is made on June 1, 2050, by and between [YOUR COMPANY NAME] ("Lessor") and John Doe Enterprises ("Lessee"). This document summarizes the key terms of the lease arrangement for the property located at 123 Innovation Drive, Tech City, TX 78901.
I. Property Details and Lease Term
The Lessor agrees to lease to the Lessee the property at 123 Innovation Drive, Tech City, TX 78901, consisting of approximately 5,000 square feet, for commercial purposes.
Detail | Description |
|---|
Lease Start Date | July 1, 2050 |
Lease End Date | June 30, 2055 |
Renewal Option | 5 years, upon written agreement by both parties. |
II. Rental Payment Terms
The Lessee agrees to pay the Lessor rent as follows:
Payment Term | Amount | Due Date |
|---|
Monthly Rent | $5,000 | 1st of each month |
Security Deposit | $10,000 | Due at lease signing |
Payments are to be made to [YOUR COMPANY NAME] at [YOUR COMPANY ADDRESS] via electronic transfer to Bank of Tomorrow, Account No. 123456789.
III. Parties' Rights and Responsibilities
Lessor's Responsibilities:
Lessee's Responsibilities:
IV. Governing Law and Disputes
This Agreement shall be governed by the laws of Texas. Any disputes shall be resolved through arbitration in Tech City, TX, unless otherwise specified.
By signing below, both parties acknowledge and agree to the terms outlined in this Agreement.
Lessor:
[YOUR NAME]
[YOUR EMAIL]
[YOUR COMPANY NAME]
Lessee:
John Doe
john.doe@johndoellc.com
John Doe Enterprises
Date Signed: June 15, 2050
Agreement Templates @ Template.net
