Docstoc

Office Lease Agreement

Document Sample
Office Lease Agreement Powered By Docstoc
					This Office Lease Agreement is between a landlord and a tenant, and it contains all the
essential language for executing a lease agreement. This document allows the parties
to customize the price, terms, and conditions for leasing out the property as office
space, or for leasing an office from a landlord. This document in its draft form contains
numerous of the standard clauses commonly used in these types of agreements;
however, additional language may be added to allow for customization to ensure the
specific terms of the parties' agreement are addressed. This document can be used by
a landlord or tenant to ensure that any agreement for a lease is clearly laid out and well-
documented.
                        OFFICE LEASE AGREEMENT

       This Office Lease Agreement (this “Lease”) is hereby entered into as of the ____ day of
_____________, 20__ (the “Lease Date”) by and between ____________________, with its
principal place of business located at __________________________________ (“Landlord”)
and _________________, with its principal place of business located at
__________________________ (“Tenant”).

                                         RECITALS

       WHEREAS, Landlord warrants and represents that it owns that certain Parcel of land
located in the City of ________________, County of __________ (the “Parcel”) and the office
building located on said Parcel commonly referred to as _________________ (the “Building”);
and

       WHEREAS, Landlord wishes to lease to Tenant, and Tenant wishes to lease from
Landlord, under the terms and conditions of this Lease, approximately ___________ (___)
square feet of office space in the Building;

       NOW, THEREFORE, in exchange for the mutual promises herein contained, each of
Landlord and Tenant hereby agree to the terms and conditions set forth below:

                                           TERMS

SECTION I. THE PREMISES

        Landlord hereby agrees to lease to Tenant, and Tenant hereby leases from Landlord, the
following described premises, together with the right in common with other tenants to use any
other portions of the Parcel and Building that are designated by Landlord for the common use of
tenants and others, such as sidewalks, unreserved parking areas, common corridors, elevator
foyers, restrooms, vending areas, and lobby areas (the “Common Areas”):

       _______ (___) square feet of floor space on the ____ floor of the Building, as
       outlined in red in Exhibit “A” attached hereto, more commonly known as Suite
       _______ (the “Premises’), which floor space shall be finished and improved (the
       “Tenant Improvements”) in accordance with the plans and specifications attached
       to this Lease as Exhibit “B” (the “Work Letter”).

SECTION II. TERM

        The term of this Lease shall commence on the date of occupancy of the Premises by
Tenant following substantial completion of the Tenant Improvements (as defined and described
in the Work Letter), and shall continue for a period of ______________ (__) years thereafter,
unless sooner terminated as provided for in this Lease.




© 2011 by Docstoc®, Inc.                                                              2
       A.     Upon substantial completion of the Tenant Improvements, Landlord shall provide
              written notice of same to Tenant, who shall then inspect the work and provide a
              punch list of any deficiencies in construction.

       B.     Upon rectifying the deficiencies, Landlord shall provide notice of final
              completion to Tenant, and Tenant shall verify such completion within ___ (__)
              business days of such notice.

       C.     Upon verification that the Tenant Improvements have been completed in
              substantial conformity with the Work Letter, Tenant shall so specify in writing,
              and Tenant shall take occupancy of the Premises within ___ (__) days of such
              verification.

       D.     Landlord and Tenant shall execute a memorandum in writing specifying the
              actual date Tenant occupies the Premises (the “Commencement Letter”).

SECTION III. POSSESSION

        Landlord promises provide Tenant with peaceful possession of the Premises to Tenant,
upon payment of all sums referred to herein as being payable by Tenant, Tenant’s performance
of all Tenant’s agreements contained herein, and Tenant’s observance of all rules and
regulations. Tenant, by taking possession of the Premises, acknowledges that the Premises are in
satisfactory and acceptable condition.

SECTION IV. USE

       Tenant shall use the Premises for general office use, and shall not use or permit the
Premises to be used for any other purpose.

SECTION V. COMPLIANCE WITH LAWS

        Tenant agrees to observe all laws and governmental regulations applicable to its use of
the Premises, together with all reasonable rules and regulations that may be promulgated from
time to time by Landlo
				
DOCUMENT INFO
Description: This Office Lease Agreement is between a landlord and a tenant, and it contains all the essential language for executing a lease agreement. This document allows the parties to customize the price, terms, and conditions for leasing out the property as office space, or for leasing an office from a landlord. This document in its draft form contains numerous of the standard clauses commonly used in these types of agreements; however, additional language may be added to allow for customization to ensure the specific terms of the parties' agreement are addressed. This document can be used by a landlord or tenant to ensure that any agreement for a lease is clearly laid out and well-documented.
This document is also part of a package Office Lease Starter Kit 8 Documents Included