Sample Tenancy Agreement
Sample Tenancy Agreement
Date: November 4, 2050
I. Parties Involved
This Tenancy Agreement is entered into on November 4, 2050, between the following parties:
|
Party Type |
Name/Details |
|---|---|
|
Landlord |
[Your Name], representing [Your Company Name] |
|
Tenant |
NamorCo |
Contact Information
|
Party |
|
Address |
|---|---|---|
|
Landlord |
[Your Company Email] |
[Your Company Address] |
|
Tenant |
inquire@namorco.mail |
Plano, TX 75023 |
II. Property Details
Property Description
The property to be leased is described as follows:
-
Property Address: [Your Company Address]
-
Property Type: Commercial office space
-
Size: 5,000 sq. ft.
-
Features: Conference rooms, workstations, kitchen, and parking for 15.
Property Condition
The Landlord confirms that the property has been inspected and is in good condition, with all essential facilities functioning properly. The Tenant agrees to maintain the property throughout the duration of the tenancy.
III. Term of Tenancy
Start and End Date
The tenancy begins on January 1, 2051, and ends on December 31, 2051, unless terminated earlier as provided in this Agreement.
Renewal
The Tenant has the option to renew the tenancy at the end of the term, subject to mutual agreement. Notice of renewal must be given at least 30 days before the lease expires.
IV. Rent and Payment Terms
Monthly Rent
The Tenant shall pay a monthly rent of $10,000, due on the 1st day of each month.
|
Due Date |
Monthly Rent Amount |
|---|---|
|
1st of Month |
$10,000 |
Payment Method
Rent shall be paid via bank transfer to the account details provided by [Your Company Name]. The Tenant shall ensure timely payments to avoid any penalties.
Late Payment Penalties
A late fee of $500 per day will be incurred for any rent payment made 5 days after the due date.
V. Security Deposit
Amount and Usage
The Tenant shall provide a security deposit of $10,000 before moving in. This deposit shall be used to cover any damages beyond normal wear and tear or unpaid rent. The Landlord shall return the deposit within 30 days of the lease termination, less any deductions made.
Conditions for Return
The deposit will be returned under the following conditions:
-
The Tenant has fulfilled all the terms of the tenancy.
-
No damage beyond normal wear and tear is found.
-
All keys and access devices have been returned.
VI. Responsibilities
Tenant's Obligations
-
Keep the property clean and in good repair.
-
Report any damages or issues promptly.
-
Maintain insurance coverage for business assets.
Landlord's Obligations
-
Ensure the property remains suitable for business use.
-
Address maintenance requests promptly.
-
Provide 24-hour notice before any non-emergency inspection or visit.
VII. Termination of Agreement
Termination by Tenant
The Tenant may terminate the tenancy with 90 days written notice to the Landlord.
Termination by Landlord
The Landlord may terminate the agreement if the Tenant breaches any terms, with 60 days' written notice.
VIII. Governing Law
This Agreement shall be governed by the laws of the State of Texas, and any disputes arising from this Agreement shall be resolved in the courts located in Plano, TX.
IX. Signatures
[Your Name], Landlord
November 4, 2050
Winona Harvey, NamorCo
November 4, 2050
This agreement is binding upon all parties once signed and shall remain in effect until the stated end date unless renewed or terminated according to its terms.
