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Retail Lease Agreement

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Retail Lease Agreement Powered By Docstoc
					This document is an agreement between a landlord and a tenant to lease certain
commercial premises to be used as a retail store. This document can be fully
customized to ensure that the understandings of the parties are properly set forth.
Customizable clauses specify the location of the property, the term of the agreement,
the rent amount, late charges, and much more. This document should be used by small
businesses or other entities that want to lease premises for a retail store. Additionally,
this document can be used by landlords, property owners, or property managers that
want to lease commercial property.
                      RETAIL LEASE AGREEMENT
THIS INDENTURE (hereinafter called the “Agreement”) made in duplicate as of the ______
day of _____, 20__. [Instruction: Insert lease date.]

B E T W E E N:

___________________________,
[Instruction: Insert Landlord name.]

(hereinafter called the "Landlord"),

       OF THE FIRST PART,

       - and -

___________________________,
[Instruction: Insert Tenant name.]

(hereinafter called the "Tenant"),

       OF THE SECOND PART.


WITNESS that in consideration of the rents, covenants and agreements hereinafter reserved and
contained on the part of the Tenant, his/her heirs, executors, administrators, successors and
assigns to be paid, observed and performed, the Landlord hereby leases unto the Tenant, his/her
heirs, executors, administrators, successors and assigns for use as commercial premises as
permitted in this Agreement and for no other purpose, all those certain premises known
municipally as _____________________ [Instruction: Insert property address and
description of portion being leased.] (hereinafter called the "Premises") upon the following
terms and conditions:

1. To have and to hold the Premises for and during the term of __________ (____)
   months/years [Instruction: Insert written lease term followed by numerical
   representation in parentheses, choose whether such term is a period of months or
   years.] beginning on the ___day of____, 20__ [Instruction: Insert lease start date.] and
   ending on the _____ day of _____________, 20____, [Instruction: Insert lease end date.]
   (hereinafter called the "Term").

2. Under the terms of this Agreement, "Rent" shall consist of all monetary obligations owed to
   Landlord by Tenant in accordance with this Agreement. However, the Security Deposit shall
   not be considered Rent. Tenant shall pay to Landlord _______ ($_______) United States
   Dollars [Instruction: Insert written amount of rent followed by the numerical amount in
   parentheses.] per month as Rent for the Term of the Agreement. Acceptable forms of
   payment of Rent to Landlord shall be by Tenant’s good check, subject to collection or
    official check issued by any bank, savings bank, trust company or savings and loan
    association, unendorsed and payable to Landlord at Landlord’s address as set forth in this
    Lease. Landlord will apply all funds received from Tenant first to any non-rent obligations
    of Tenant including late charges, returned check charges, charge-backs for repairs, brokerage
    fees, and periodic utilities, then to Rent, regardless of any notations on a check.


3. The Tenant covenants and agrees to deliver Rent to the Landlord by the date due. Due date
   for Rent payment shall be the 1st day of each calendar month and shall be considered
   advance payment for that month. If not remitted on the 1st, Rent shall be considered overdue
   and delinquent on the 2nd day of each calendar month. In the event that the Commencement
   Date is not the 1st of the calendar month, Rent payment remitted on the Commencement
   Date shall be prorated based on a 30-day period. If rental payments are not received by the
   date due, a late charge of ________ ($_____) [Instruction: Insert written dollar amount of
   late charge to be charged followed by numerical amount in parentheses.] United States
   Dollars in addition to the monthly rent will immediately become due and payable. In the
   event that any payment by Tenant is returned for insufficient funds ("NSF") or if Tenant
   stops payment, Tenant will pay $__ [Instruction and Comment: Insert numerical dollar
   amount to be charged in event of returned check; Amount should be reasonable and
   Landlord may want to have such dollar amount be reasonably related to the amount to
   be charged by Landlord’s bank for such checks.] to Landlord for each such check, plus
   late fees as described herein until Landlord has received payment in full. Further, Landlord
   may require in writing that Tenant pay Rent in cash for 3 months, and that all future Rent
   payments shall be remitted by Tenant to Landlord by money order or cashier's check.

4. The Landlord and the Tenant mutually covenant and agree that whenever in this lease notice
   is required to be given by either the Landlord or the Tenant to the other, the same shall be in
   writing and, except as otherwise provided, be deemed to be sufficiently given if mailed
   postage prepaid and registered mail to the Tenant at the Premises and notice to the Landlord
   shall be] addressed to ______________________. [Instruction: Insert Landlord’s address
   for notice.[ Notice so given shall be deemed to have been received by the addressee on the
   fourth postal delivery day following the date on which it is so mailed.

5. In the event Landlord cannot deliver possession of the Premises to Tenant upon the
   commencement of the Term, through no fault of Landlord or its agents, then Landlord or its
   agents shall have no liability, but the rental herein provided shall abate until possession is
   given. Landlord or its agents shall have thirty (30) days in which to give possession, and if
   possession is tendered within such time, Tenant agrees to accept the demised Premises and
   pay the rental herein provided from that date. In the event possession cannot be delivered
   within such time, through no fault of Landlord or its agents, then this Agreement and all
   rights hereunder shall terminate.

6. There shall be no parking provided. [Option: This may be customized to suit the
   particular parking situation of the premises to be leased.]

7. The Tenant covenants and agrees to pay rent, maintain the Premises in an ordinary state of
   cleanliness, and repair any damage caused to the Premises by his/her willful or n
				
DOCUMENT INFO
Description: This document is an agreement between a landlord and a tenant to lease certain commercial premises to be used as a retail store. This document can be fully customized to ensure that the understandings of the parties are properly set forth. Customizable clauses specify the location of the property, the term of the agreement, the rent amount, late charges, and much more. This document should be used by small businesses or other entities that want to lease premises for a retail store. Additionally, this document can be used by landlords, property owners, or property managers that want to lease commercial property.
This document is also part of a package Real Estate Business Templates 153 Documents Included