TidyTemplates

Office Rental Lease Example

Office Rental Lease Example
Consult your lawyer before signing this lease
OFFICE LEASE
Landlord and Tenant agree to lease the Office in the Premises at the rent and for the term stated:
PREMISES: OFFICE NO.:
LANDLORD:
TENANT:
Date of Lease:
Annual Rent: $
Lease Term: Monthly Rent: $
Commencement Date: Security Deposit: $
Possession Date: Termination Date:
1. Use and Occupancy
Tenant shall only occupy and use the office no.
referenced above (the “Office”) for _____________.
2. Inability to Give Possession
The failure of Landlord to give Tenant possession of
the Office on the Commencement Date shall not create
liability for Landlord. In the event that possession of the
Office is not delivered on the Commencement Date due
to the holdover of a tenant, or, if a newly constructed
building, a final or temporary certificate of occupancy has
not been obtained, or for any other reason which is not
due to Landlord’s acts or negligence, the validity of this
Lease shall not be affected. Monthly Rent hereunder
shall begin on the date that possession of the Office is
delivered to Tenant and shall be prorated for that portion
of the month in which possession is delivered. The
Termination Date shall in no event be extended if delivery
of possession is delayed. If, with Landlord’s permission
and consent, Tenant is to occupy the Office or another
office space prior to the Commencement Date, Tenant’s
occupancy is subject to all the terms, conditions and
provisions of this Lease except for the payment of Rent
and Additional Rent. The intent of this Paragraph is to
constitute “…an express provision to the contrary…”
contained in New York Real Property Law Section 223-a.
3. Rent
A. Tenant shall pay Monthly Rent in full on the first
day of each month of the Lease. Monthly Rent shall be
paid in advance with no notice being required from
Landlord. Tenant shall not deduct any sums from the
Monthly Rent unless Landlord consents thereto in writing.
Upon signing this Lease, Tenant shall pay Landlord
the first Monthly Rent due and the Security Deposit. The
entire amount of rent due for the Lease Term is due upon
signing this Lease; however, Landlord consents to the
Tenant paying same in monthly installments provided
there exists no defaults by Tenant under the terms of this
Lease.
B. Additional Rent may include, but is not limited
to any additional insurance premiums and/or expenses
paid by Landlord which are chargeable to Tenant as
stated hereinafter. Additional Rent is due and payable
with the Monthly Rent for the next month after Tenant
receives notice form Landlord that Additional Rent is due
and payable.
4. Condition of Unit
Tenant acknowledges that Tenant is accepting the
Office in its “as is” condition. Tenant further
acknowledges that Tenant has thoroughly inspected the
Office and has found the Office to be in good order.
5. Security
Tenant has deposited with the Landlord the Security
Deposit to insure Tenant’s compliance with all of the
terms, provisions and conditions of this Lease. If Tenant
is in default under any of the terms, conditions and
provisions of this Lease, Landlord may apply the Security
Deposit, in whole or in part, to any sums Tenant owes
Landlord, (including Rent and Additional Rent), that
Landlord expended or may have to expend due to
Tenant’s default, including but not limited to damages or
insufficiency of rent in re-renting the Office. Within ten
(10) days of the Termination Date, provided Tenant has
vacated the Office and is not in default under any of the
terms, conditions and provisions of this Lease and the
physical condition of the Office is acceptable to Landlord
upon surrender, the Security Deposit will be returned to
Tenant at an address Tenant provides to Landlord.
6. Services
Provided Tenant is not in default of any of the terms,
conditions and provisions of this Lease, Landlord shall
provide: (a) elevator services on business days from 8
a.m. to 6 p.m., and at all other times, provide one (1)
elevator on call; (b) water for ordinary bathroom
purposes, however, if Tenant uses water for any other
purpose or in high quantities (which decision is in
Landlord’s sole judgment), a water meter may be
installed by Landlord at Tenant’s cost and expense, the
maintenance and repair of which shall be exclusively that
of Tenant, and all charges for water consumption as
shown by said meter shall be promptly paid by Tenant;
(c) heat to the Office, on business days, as required by
law; (d) if Landlord provides air conditioning, such air
conditioning will be provided, on business days from 8
a.m. to 6 p.m., from May 15
th
to September 30
th
of each
year and if Tenant requires air conditioning for other days
and for other hours, Landlord will provide Tenant with
same at Tenant’s sole cost at the rates as per the rider
attached (the “Services”). Tenant shall pay for Tenant’s
use of electricity in the Office directly with the utility
company. Landlord reserves the right to interrupt the
providing of the Services and other utilities, when
Landlord deems it necessary for repairs, alterations,
replacements or improvements to such Services or other
utilities, the decision for such interruption and the length
of such interruption shall be solely Landlord’s.
7. Alterations
Absent Landlord’s written consent, Tenant may
make no alterations to the Office. With Landlord’s written
consent, Tenant, at Tenant’s sole cost and expense, may
make alterations, installations and improvements (the
“Alterations”) to the Office provided they are non-
structural in nature, which do not effect the Services,
utilities or other operations or services of the Premises
and which are done by contractors and sub-contractors
approved by Landlord in every instance. Before making
Alterations, Tenant shall obtain all permits, approvals,
certificates required by any and all municipal authorities
or other agencies having jurisdiction of the Premises and
the Alterations and upon receiving same, Tenant shall
deliver duplicate or certified copies to Landlord of each
and every one. Tenant shall carry and cause to be
carried by each contractor and sub-contractor, workmen’s
compensation, general liability, personal and property
damage insurance, in such amounts as Landlord
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