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Office Lease Agreement for Non-Profit

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Office Lease Agreement for Non-Profit 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 particular lease agreement is drafted
for property that is leased out to non-profit organizations. 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 entered into as of _____________ (the
“Lease Date”), by and between ____________________, a _______________with its principal
place of business located at __________________________________ (the “Landlord”), and
_________________, a _____________, a non-profit corporation duly incorporated pursuant
to _____ [Instruction and comment: Insert applicable state code pursuant to which non-profit
incorporated. If state does not “incorporate” non-profits, use applicable state language, for
example, “a non-profit duly organized pursuant to…”.] with its principal place of business
located at __________________________ (the “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”);

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 1. 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 on
       EXHIBIT A attached hereto, more commonly known as Suite _______ (the “Premises’),
       which floor space shall be finished and improved in accordance with the plans and
       specifications attached to this Lease as




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       EXHIBIT B (the “Work Letter”).

SECTION 2. 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 described in the Work Letter, and
shall continue for a period of ______________ years thereafter, unless sooner terminated as
provided in this Lease.

       A.      Upon substantial completion of the Tenant Improvements, Landlord shall provide
               written notice of such fact 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 five business (5) days of
               such notice.

       C.      Upon verification that the Tenant Improvements have been completed in substantial
               conformity with the Work Letter, the Tenant shall so specify in writing, and Tenant
               shall take occupancy of the Premises within ten (10) days of such verification.

       D.      Landlord and Tenant shall execute a memorandum 
				
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 particular lease agreement is drafted for property that is leased out to non-profit organizations. 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 Starting a Nonprofit Organization 27 Documents Included