Pioneer~Saturn
5,000+ posts
Dr. Enclosure
Hey guys,
I finally have some shop space lined up for me to use //content.invisioncic.com/y282845/emoticons/woot.gif.aaa6090e619a97b6090d16dd863c5a69.gif
I just got emailed the agreement and have looked it over twice and I didn't find anything too 'fishy' about it, but I was just looking for someone to look over the agreement for me and just let me know what you think and if you find any loop-holes that you think would be detrimental (sp?) to my renting of the space.
Thanks in advance...here it is..
This Lease agreement, entered into effective November 1, 2008, by and between -------- -------("Lessor"), and Doug Roosa ("Lessee") provides as follows;
Lessor warrants and represents that it owns that certain parcel of land located at -----------, Ohio ("Parcel") and the detached garage located on that parcel ("Garage"); and
Lessor wishes to lease to Lessee, and Lessee wishes to lease from Lessor, under the terms and conditions of this agreement;
Therefore, the parties agree as follows:
1. The Premises. Lessor hereby agrees to lease to Lessee, and Lessee hereby leases from Lessor, the following described premises:
The first floor of the Garage.
2. Term. The term of this lease shall commence on the date of occupancy of the Premises by and shall continue for a period of TWELVE (12) months thereafter, unless sooner terminated as provided in this Lease.
3. Rent. Lessee agrees to pay Lessor a minimum monthly rent during the term of this Lease in the amount of TWO HUNDRED AND FIFTY DOLLARS ($250) per month, payable on the first day of each month during the term of this Lease, with payments to be made by personal delivery or mailing by U.S. Mail to Parcel, postmarked not later than the first day of each month during the term of this lease.
a. A late charge of TWENTY-FIVE DOLLARS ($25) shall be paid as additional rental for any rental payment hand delivered or received more than five (5) days after the first day of any calendar month during the term of this lease. Any checks not paid by the Bank upon first presentment shall not constitute payment of any of the sums due under this lease.
4. Notice. Wherever in this lease it is required or permitted that notice or demand be given or served by either party on the other, such notice or demand shall be deemed given or served when written and hand delivered, or deposited in the United States Mail, certified, return receipt requested, postage prepaid, addressed as follows:
To Lessor at:
-------
To Lessee at:
------
5. Parking. It is agreed that Lessee, its agents, servants, employees, customers, guests, and invitees, shall have the exclusive right to park without charge, throughout the original term of this lease and any renewal term, FOUR (4) automobiles, TWO (2) of which shall be located inside Garage, and TWO (2) of which shall be located directly in front of Garage.
a. Lessee agrees not to hinder the use of the remaining parking space, which are reserved for the exclusive use of the remaining tenants of the Parcel.
6. Compliance with Laws. Lessee 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 by Lessor from time to time.
7. Alterations by Lessee. Lessee agrees that except for the tenant improvements contemplated in this Lease, Lessee will make no alterations to the Premises without the prior written consent of the Lessor.
8. Hazards. Lessee shall not use the Premises, nor permit them to be used, for any purpose which shall increase the existing rate of insurance upon the Garage, or cause the cancellation of any insurance policy covering the Garage, or sell or permit to be kept, used, or sold in or about the Premises, any article that may be prohibited by Lessor's insurance policies.
a. Lessee shall not commit any waste upon the Premises, nor cause any public or private nuisance or other act that may disturb the quiet enjoyment of any other tenant, nor shall Lessee allow the Premises to be used for any improper, immoral, unlawful, or unsafe purpose.
b. Nor shall Lessee use any apparatus, machinery or device in or on said Premises that shall make any noise or cause any vibration that shall in any way be a detriment to the Garage.
c. Lessee further agrees that it will not install or construct within the Premises or Garage electrical wires, water or drain pipes, machinery, or other permanently installed devices, including, but not limited to, alarm systems, private music systems, or special ventilation, without the prior written consent of Lessor.
9. Care of the Premises. Lessee agrees to take good care of the Premises.
I finally have some shop space lined up for me to use //content.invisioncic.com/y282845/emoticons/woot.gif.aaa6090e619a97b6090d16dd863c5a69.gif
I just got emailed the agreement and have looked it over twice and I didn't find anything too 'fishy' about it, but I was just looking for someone to look over the agreement for me and just let me know what you think and if you find any loop-holes that you think would be detrimental (sp?) to my renting of the space.
Thanks in advance...here it is..
This Lease agreement, entered into effective November 1, 2008, by and between -------- -------("Lessor"), and Doug Roosa ("Lessee") provides as follows;
Lessor warrants and represents that it owns that certain parcel of land located at -----------, Ohio ("Parcel") and the detached garage located on that parcel ("Garage"); and
Lessor wishes to lease to Lessee, and Lessee wishes to lease from Lessor, under the terms and conditions of this agreement;
Therefore, the parties agree as follows:
1. The Premises. Lessor hereby agrees to lease to Lessee, and Lessee hereby leases from Lessor, the following described premises:
The first floor of the Garage.
2. Term. The term of this lease shall commence on the date of occupancy of the Premises by and shall continue for a period of TWELVE (12) months thereafter, unless sooner terminated as provided in this Lease.
3. Rent. Lessee agrees to pay Lessor a minimum monthly rent during the term of this Lease in the amount of TWO HUNDRED AND FIFTY DOLLARS ($250) per month, payable on the first day of each month during the term of this Lease, with payments to be made by personal delivery or mailing by U.S. Mail to Parcel, postmarked not later than the first day of each month during the term of this lease.
a. A late charge of TWENTY-FIVE DOLLARS ($25) shall be paid as additional rental for any rental payment hand delivered or received more than five (5) days after the first day of any calendar month during the term of this lease. Any checks not paid by the Bank upon first presentment shall not constitute payment of any of the sums due under this lease.
4. Notice. Wherever in this lease it is required or permitted that notice or demand be given or served by either party on the other, such notice or demand shall be deemed given or served when written and hand delivered, or deposited in the United States Mail, certified, return receipt requested, postage prepaid, addressed as follows:
To Lessor at:
-------
To Lessee at:
------
5. Parking. It is agreed that Lessee, its agents, servants, employees, customers, guests, and invitees, shall have the exclusive right to park without charge, throughout the original term of this lease and any renewal term, FOUR (4) automobiles, TWO (2) of which shall be located inside Garage, and TWO (2) of which shall be located directly in front of Garage.
a. Lessee agrees not to hinder the use of the remaining parking space, which are reserved for the exclusive use of the remaining tenants of the Parcel.
6. Compliance with Laws. Lessee 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 by Lessor from time to time.
7. Alterations by Lessee. Lessee agrees that except for the tenant improvements contemplated in this Lease, Lessee will make no alterations to the Premises without the prior written consent of the Lessor.
8. Hazards. Lessee shall not use the Premises, nor permit them to be used, for any purpose which shall increase the existing rate of insurance upon the Garage, or cause the cancellation of any insurance policy covering the Garage, or sell or permit to be kept, used, or sold in or about the Premises, any article that may be prohibited by Lessor's insurance policies.
a. Lessee shall not commit any waste upon the Premises, nor cause any public or private nuisance or other act that may disturb the quiet enjoyment of any other tenant, nor shall Lessee allow the Premises to be used for any improper, immoral, unlawful, or unsafe purpose.
b. Nor shall Lessee use any apparatus, machinery or device in or on said Premises that shall make any noise or cause any vibration that shall in any way be a detriment to the Garage.
c. Lessee further agrees that it will not install or construct within the Premises or Garage electrical wires, water or drain pipes, machinery, or other permanently installed devices, including, but not limited to, alarm systems, private music systems, or special ventilation, without the prior written consent of Lessor.
9. Care of the Premises. Lessee agrees to take good care of the Premises.
