Warehouse Lease Agreement
This Warehouse Lease Agreement (the “Agreement”) is made and entered into on this ____ day of ________, 20___ (“Effective Date”) by and between ___________________, with principal offices located at __________________________ (“Landlord”) and ___________________, with principal offices located at __________________________ (“Tenant”).
Recitals
A. Landlord is the owner of certain property, located at ___________________________ (“Premises”), which features a warehouse and loading dock.
B. Tenant desires to lease the Premises from Landlord for a period of ________ (__) months, commencing on _______ (“Monthly Commencement Date”) and ending on ________ (“Monthly Termination Date”) (the “Term”).
C. Landlord is willing to lease the Premises to Tenant, all on the terms and conditions then set forth in this Agreement.
Agreement
In consideration of the mutual covenants and agreements hereby set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows:
1. Premises. Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, the Premises, on the terms and conditions set forth in this Agreement, for the Term. All terms used in the singular hereunder with respect to the Premises shall be read to include the plural, should the character of the Premises so permit.
2. Term. The Term of this Agreement shall begin on the Monthly Commencement Date and shall expire on the Monthly Termination Date of the Term specified in Recital B. Tenant will vacate the Premises at or before the expiration or earlier termination of this Agreement as provided in this Agreement, without demand or notice from Landlord. In the event that Tenant fails to do so, Tenant shall be subject to a late charge equal to ____ times the monthly rent.
3. Rent. As consideration for Landlord leasing the Premises to Tenant for the Term, Tenant agrees to pay Landlord the following rent (the “Rent”):
i. Rent: ______________________________ per month during the Term.
ii. For any month or portion of a month during which Tenant is not in possession of the Premises, Tenant shall pay the full amount of monthly rent due for such month or portion thereof.
4. Use and Condition. Tenant shall use the Premises in a careful and prudent manner, in accordance with all applicable ordinances, laws and regulations. Tenant shall not make any alterations or changes to the Premises without Landlord’s prior written consent. Tenant shall not use, store or keep anything of a hazardous or offensive nature on the Premises. At no time during the Term shall Tenant be allowed to sublease the Premises.
At the end of the Term, Tenant shall return the Premises to Landlord in the same condition they were in at the time of Tenant’s entry onto the Premises, except for normal wear and tear and any alterations or changes with Landlord’s prior written consent. In the event Tenant fails to do so, Tenant shall be liable for all damages incurred as a result of the Tenant’s negligence or failure to comply with this section.
5. Maintenance. Tenant shall have sole responsibility for the maintenance of the Premises; Landlord shall have no liability relating to the maintenance of the Premises.
6. Taxes. All taxes, assessments, and other levies imposed by any governmental authority on the Premises shall be paid by Tenant.
7. Insurance. Tenant shall obtain and maintain at Tenant’s own cost and expense throughout the Term of this Agreement, insurance policies from companies licensed to do business in the _________________ State (the “State”) in the following amounts.
i. _____.
ii. _____.
iii. _____.
Such insurance shall name Landlord and Tenant as insureds.
8. Indemnification. Tenant shall indemnify and hold Landlord harmless from any and all claims, judgments, liabilities, damages, losses and costs, including reasonable attorneys fees, however incurred in connection with any act or omission of Tenant, its agents, officers, employees, representatives or invitees occurring in or about the Premises.
9. Default. In the event Tenant fails to pay rent when due, or fails to comply with any of the other terms and conditions of this Agreement, or any portion thereof, Landlord may, at its option, terminate this Agreement, with or without notice of such termination, and may enter the Premises and remove all persons and property therefrom. In any such event, Tenant shall remain liable for payment of all rent and/or other sums due under this Agreement, up to and including the date of such termination.
10. Notices. Unless otherwise specified, any notice required or permitted to be given under this Agreement shall be in writing and shall be deemed delivered when delivered personally, sent by overnight delivery service, mailed by registered or certified mail, return receipt requested and addressed as follows:
If to Landlord:
_______________________________
If to Tenant:
_______________________________
11. Severability. In the event that any provision of this Agreement is held to be invalid or unenforceable in any respect, the remaining provisions of this Agreement shall continue in full force and effect.
12. Captions. Captions used herein are for convenience of reference only and are not a part of the Agreement and shall not be used in any way to define or limit any of these provisions.
13. Binding Effect. This Agreement shall be binding upon and inure to the benefit of the Parties hereto and their respective heirs, legatees, devisees, administrators, successors and assigns, subject to the limitations set forth herein.
14. No Third-Party Beneficiaries. This Agreement shall be for the sole benefit of the Parties hereto and shall not be construed to confer any rights or benefits on any other person or entity.
15. Integration. This Agreement is entered into as a complete and exclusive statement of the terms of the lease between the parties hereto, and supersedes all prior oral or written agreements between the parties, and contains no undertakings or promises except as provided herein.
IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed as of the Effective Date first above written.
Landlord:
Tenant: