COMMERCIAL OFFICE LEASE
This Agreement between
(hereinafter
"Landlord"), and
(hereinafter "Tenant").
The Landlord hereby leases to the Tenant the following premises: approximately
Square Feet of
, for the initial term of
to commence on the day of
, 200 and to end on the day of ,
200 , upon the following conditions and covenants.
1. The Tenant shall pay the annual rent of
and
/100 Dollars ($ ) with said rent to be paid in equal monthly payments, in
advance, on the 1st day of each and every month during the initial term and any additional term in
the amount of
and /100 Dollars ($ ) per
month. In the event of any payment made more than
past the
due date of any amounts due hereunder, in addition to any other remedies available to the
Landlord, the Landlord shall be entitled to interest on any such arrearage at the rate of
% per
month.
2. It is the intention of the Landlord and the Tenant that the rent herein shall be net to the
Landlord in each year of the initial term and any additional term of this Lease. Accordingly,
all costs, expenses and obligations of every kind relating to the leased premises which may arise
or become due shall be paid by the Tenant, and the Landlord shall be indemnified by the Tenant
against such costs, expenses and obligations, except that the Landlord shall be responsible for all
water and sewer charges and real estate and school taxes assessed against the premises during the
initial lease term. The net rent shall be paid to the Landlord without notice or demand and
without abatement, deduction or setoff.
3. The Tenant shall be responsible for all utilities supplied to the leased premises and shall
timely pay same to the respective utility companies.
(Optional)
4. The Tenant shall have the option to lease the demised premises for one (1) additional five (5)
year term, provided that said option must be exercised by the T