Docstoc
EXCLUSIVE OFFER FOR DOCSTOC USERS
Try the all-new QuickBooks Online for FREE.  No credit card required.

Multi-Tenant Warehouse Lease

Document Sample
Multi-Tenant Warehouse Lease Powered By Docstoc
					This is an agreement between a landlord and a tenant for the lease of a specified area
within a large multi-tenant warehouse. The large warehouse contains multiple tenants
that are all restricted to a specific working area. This agreement can be customized to
include a property description and the specific location the tenant will be leasing. This
document is ideal for landlords of a large warehouse or small businesses looking to
lease a specified area within a large warehouse.
                                MULTI-TENANT WAREHOUSE LEASE
THIS MULTI-TENANT WAREHOUSE LEASE made the _____ day of _________, 2____,

BETWEEN:


                                               (the “Landlord”)


                                                        AND



                                               (the “Tenant”)
WITNESSETH AS FOLLOWS:
                                    Article 1 — Basic Terms, Definitions
1.1 BASIC TERMS
     (a) Landlord:
         Address:

     (b) Tenant:
         Address: Premises:

     (C) Property: the warehouse(s) situated on the Lands described in Schedule “B” and
         municipally known as

     (e) Premises: that portion of the Property illustrated in Schedule “A” and known [or
         described] as

     (f) Rentable Area of Premises:                                       square feet, subject to Section 2.2

     (g) Term:        years _______months, ______ days subject to Sections 2.3 and 2.4
         Commencement Date:                              , subject to Sections 2.3 and 2.4
         End of Term:                    , subject to Sections 2.3 and 2.4

     (h) Basic Rent (Section 4.1):

           Period                    Per Sq. Ft./Year            Per Year        Per Month
           _____ to ____             $____________               $______         $______
           _____ to ____             $____________               $______         $______
           _____ to ____             $____________               $______         $______


     COMMENT: This is a warehouse lease, and it is unlikely that there would be any retail


© Copyright 2011 Docstoc Inc. registered document proprietary, copy not                             1
        sales from it. If we are talking wholesale, then it becomes almost impossible to control.

    (j) Permitted Use (Section 9.1:____________________ and any additional associated
        lawful use.

    (k) Deposit: $                         , in accordance with Section 3.4
        Rent Deposit: the sum of $                         shall be applied to Rent and Rental
        Taxes as they first come due hereunder in accordance with Section 3.4
        Security Deposit: the sum of $                             shall be held as a security
        deposit in accordance with Section 3.4

    (l) Build out Period:: maximum of                days commencing on

    (m) Extension Rights, if any: set out in Schedule “F”, if applicable

    (n) Schedules forming part of this Lease:

        Schedule “A” Plan
        Schedule “B” Legal Description
        Schedule “C” Rules and Regulations
        Schedule “D” Landlord’s and Tenant’s Work
        Schedule “E” Extension Rights
1.2 DEFINITIONS
     In this Lease, unless there is something in the subject matter or context inconsistent
therewith, the following terms have the following respective meanings:
    (a) “Additional Rent” means the Proportionate Share of Operating Costs, payments on
        account of Realty Taxes, payments for utilities, and all other amounts, excluding Basic
        Rent, Percentage Rent and Rental Taxes, payable by the Tenant in accordance with the
        terms of this Lease;

    (b) “Basic Rent” means the basic rent payable by the Tenant pursuant to Section 4.1;

    (c) “Building Systems” means: (i) the heating, ventilating and air-conditioning equipment
        and facilities and all other systems, services, installations and facilities from time to
        time installed in or servicing the Premises (or any portion thereof) including, but not
        limited to, the elevators and escalators and the following systems, services, installations
        and facilities: mechanical (including plumbing, sprinkler, drainage and sewage),
        electrical and other utilities, lighting, sprinkler, life safety (including fire prevention,
        communications, security and surveillance), computer (including environmental,
        security and lighting control), ice and snow melting, refuse removal, window washing,
        and music; and (ii) all machinery, appliances, equipment, apparatus, components,
        computer software and appurtenances forming part of or used for or in connection with
        any of such systems, services, installations and facilities including, but not limited to,
        boilers, motors, generators, fans, pumps, pipes, conduits, ducts, valves, wiring, meters
        and controls, and the structures and shafts housing and enclosing any of them;
(d) “Commencement Date” is defined in Section 2.3;

(e) “Common Areas” means those areas, facilities, utilities, improvements, equipment
				
DOCUMENT INFO
Description: This is an agreement between a landlord and a tenant for the lease of a specified area within a large multi-tenant warehouse. The large warehouse contains multiple tenants that are all restricted to a specific working area. This agreement can be customized to include a property description and the specific location the tenant will be leasing. This document is ideal for landlords of a large warehouse or small businesses looking to lease a specified area within a large warehouse.
This document is also part of a package Tenant Toolkit 9 Documents Included