Spa Lease Agreement
Spa Lease Agreement
This Spa Lease Agreement ("Agreement") is entered into effective as of [Effective Date], between:
Landlord:
[Landlord's Name]
[Landlord's Address]
[Landlord's Email]
[Landlord's Phone Number]
Tenant:
[Your Company Name] (hereinafter referred to as "Tenant")
[Your Company Address]
[Your Company Email]
[Your Company Number]
1. Lease of Premises:
As the Tenant, [Your Company Name], hereby leases from [Landlord's Name], the premises located at [Address] (the "Premises"), for the purpose of operating our esteemed spa business. The Premises include approximately 2,500 square feet of space, which consists of 8 rooms/spaces designed to accommodate various spa services, including but not limited to massage therapy, facials, body treatments, and relaxation areas. Additionally, the Premises feature specialized amenities and equipment, such as:
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A designated reception area for welcoming clients and handling administrative tasks.
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Multiple treatment rooms equipped with massage tables, aesthetician beds, and other necessary equipment.
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A sauna for heat therapy and relaxation sessions.
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A steam room for steam treatments and detoxification.
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Jacuzzi or hot tub facilities for hydrotherapy.
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A relaxation lounge with comfortable seating and ambiance for clients to unwind before or after treatments.
2. Term:
The term of this Lease shall commence on [Commencement Date] and shall continue for a period of 3 years, allowing us ample time to establish and nurture our spa services in the community. Renewal options may be discussed and added as deemed appropriate by both parties.
3. Rent:
[Your Company Name] shall diligently pay [Landlord's Name] a monthly rent of $2,700, payable in advance on the first day of each month during the Term of this Lease. Rent payments shall be made promptly via the agreed-upon payment method. Any changes to the rent shall be subject to mutual agreement between the parties.
4. Security Deposit:
Upon execution of this Agreement, [Your Company Name] shall deposit with [Landlord's Name] a security deposit in the amount of $700, to be held by [Landlord's Name] as security for the faithful performance by [Your Company Name] of all the terms, covenants, and conditions of this Lease. The security deposit shall be returned to [Your Company Name] within 15 days of the termination of this Lease, provided that all obligations have been met satisfactorily.
5. Permitted Use:
[Your Company Name] shall use the Premises solely for the operation of a spa business and for no other purpose without the prior written consent of [Landlord's Name]. This includes the provision of various spa services, such as massages, facials, body treatments, and other wellness-related services.
6. Maintenance and Repairs:
[Your Company Name] shall, at our expense, keep the Premises in good condition and repair, including all fixtures, equipment, and improvements therein. Routine maintenance and repairs shall be promptly attended to in order to ensure the upkeep and aesthetic appeal of the space.
7. Insurance:
[Your Company Name] shall obtain and maintain throughout the Term of this Lease, at our expense, a comprehensive general liability insurance policy with coverage of not less than $3,000, naming [Landlord's Name] as an additional insured. Proof of insurance shall be provided to [Landlord's Name] upon request and renewed annually.
8. Indemnification:
[Your Company Name] agrees to indemnify and hold [Landlord's Name] harmless from and against any and all claims, liabilities, damages, losses, costs, and expenses arising out of or related to our use or occupancy of the Premises. This includes but is not limited to claims arising from personal injury, property damage, or any other liabilities.
9. Termination:
Either party may terminate this Lease upon 30 days' written notice to the other party for any reason or no reason, provided that all obligations under this Lease are satisfied prior to termination. Any outstanding rent or obligations shall be settled upon termination of the Lease.
10. Governing Law:
This Agreement shall be governed by and construed in accordance with the laws of the state of [State], without regard to its conflict of law principles. Any disputes arising out of or related to this Agreement shall be resolved through amicable negotiation between the parties.
11. Entire Agreement:
This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether oral or written. Any modifications to this Agreement shall be made in writing.
IN WITNESS WHEREOF, the parties hereto have executed this Spa Lease Agreement as of the date first above written.
[Your Company Name]
Name:
Title:
Date:
[Landlord's Name]
Name:
Title:
Date:
