Lease Deed
Lease Deed
This Lease Deed ("Deed") is made and entered into by and between [YOUR NAME], located at [YOUR COMPANY ADDRESS] (hereinafter referred to as the "Lessor"), and [Tenant Name] (hereinafter referred to as the "Lessee").
I. Premises
The Lessor hereby leases to the Lessee the property located at [Your Company Address] (the "Premises"), as more particularly described in Exhibit A attached hereto and made a part hereof.
II. Term of Lease
The term of this Lease shall commence on [Start Date] and shall expire on [End Date] unless sooner terminated according to the terms herein.
III. Rent
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Monthly Rent: [Monthly Rent Amount], payable on the first day of each month.
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Late Fee: A late fee of [Late Fee Amount] will be charged for payments received after the 5th of the month.
IV. Security Deposit
A security deposit of [Security Deposit Amount] will be paid by the Lessee, which shall be held by the Lessor for the duration of the lease to cover any potential damages to the Premises.
V. Use of Premises
The Premises shall be used solely for [Permitted Use], and for no other purposes without the prior written consent of the Lessor.
VI. Maintenance and Repairs
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Lessee’s Responsibilities:
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Maintain the interior of the Premises in good and clean condition.
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Notify the Lessor promptly of any defects or damages.
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Lessor’s Responsibilities:
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Repair structural components of the Premises and maintain the exterior in good condition.
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Ensure all utilities are in working order at the commencement of the lease.
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VII. Insurance
Lessee agrees to maintain insurance coverage on the contents of the Premises to the value of at least [Insurance Value] throughout the term of this Lease.
VIII. Termination
This Lease may be terminated by either party by providing [Notice Period] written notice to the other party. In the event of a breach of any terms of this Lease by either party, the non-breaching party has the right to terminate the Lease upon [Breaching Notice Period] written notice specifying the nature of the breach.
IX. Miscellaneous
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The headings in this Deed are for convenience only and shall not affect the interpretation of this Deed.
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This Deed constitutes the entire agreement between the parties. No modification or amendment of this Deed shall be effective unless in writing and signed by both parties.
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Any notices to be given under this Deed shall be made in writing and sent to the party's address as mentioned above.
X. Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Lease Deed as of the date first above written.
Lessor:
[YOUR NAME]
Lessee:
[TENANT NAME]
This deed was acknowledged before me on this [DATE] by [YOUR NAME], Lessor, and [TENANT NAME], Lessee.
[NOTARY PUBLIC NAME]
Notary Public in and for [STATE]
My Commission Expires: [EXPIRATION DATE]
