School Lease Contract
School Lease Contract
I. Parties to the Contract
A. Identification of Lessor: [Your Company Name], a reputable educational institution duly incorporated under the laws of [State], with its principal place of business located at [Your Company Address]. Lessor is the legal owner of the property situated at [Property Address], hereinafter referred to as "the Premises".
B. Identification of Lessee: [Second Party], a leading provider of educational services registered under the laws of [State], having its principal office at [Second Party Address]. Lessee operates several educational facilities in the region and seeks to lease the Premises for the purpose of establishing and operating a school.
II. Property Description
A. Address of the Leased Premises: The Premises, located at [Your Company Address], consist of a single-story building with classrooms, administrative offices, and outdoor playground areas, comprising approximately [00] square feet.
B. Detailed Description of the Property: The building features modern classrooms equipped with interactive whiteboards, a cafeteria, and ample parking space for staff and visitors, making it well-suited for educational activities.
C. Additional Facilities or Areas Included: The lease encompasses access to outdoor play areas, gymnasium facilities, and dedicated parking spaces for school buses, ensuring comprehensive amenities for school operations.
III. Lease Term
A. Commencement Date: This Lease shall commence on [Commencement Date], allowing Lessee sufficient time to prepare the Premises for educational use, including necessary renovations and installations.
B. Termination Date: The initial term of this Lease shall extend for [00 years] years from the Commencement Date, concluding on [Termination Date]. Both parties may mutually agree to extend the Lease term upon negotiation and execution of an amendment to this Agreement.
C. Renewal Options: Lessee shall have the option to renew this Lease for an additional term of [00 years], subject to satisfactory performance, timely payment of rent, and compliance with all terms and conditions outlined herein.
IV. Rent and Payment Terms
A. Amount of Rent: The monthly rent for the Premises shall be $[000], payable in advance on the first day of each calendar month throughout the Lease term.
B. Frequency of Rent Payments: Rent payments shall be made monthly, without offset or deduction, and shall be received by Lessor on or before the due date specified herein.
C. Due Date for Rent Payments: Rent payments are due on the first day of each month. If the first day of the month falls on a weekend or holiday, rent shall be due on the next business day.
D. Late Payment Penalties: In the event that any rent payment is not received by Lessor within [00] days after the due date, Lessee shall pay a late fee of $[000] as additional rent, to compensate Lessor for the administrative costs and inconvenience caused by late payments.
V. Security Deposit
A. Amount of Security Deposit: Lessee shall deposit with Lessor a security deposit in the amount of $[000], to be held by Lessor as security for the faithful performance by Lessee of all terms, covenants, and conditions of this Lease.
B. Conditions for Return of Security Deposit: The security deposit, or any balance thereof, shall be returned to Lessee within [00] days after the expiration or earlier termination of this Lease, provided that Lessee has fully complied with all obligations under this Agreement.
C. Deductions Allowed from Security Deposit: Lessor may deduct from the security deposit any unpaid rent, costs of repairing damage to the Premises caused by Lessee's negligence or misuse, and costs of cleaning the Premises if not returned in the same condition as received, reasonable wear and tear excepted.
VI. Use of Premises
A. Permitted Use: The Premises shall be used exclusively for operating an educational institution offering elementary education, after-school programs, and extracurricular activities, in accordance with all applicable laws, rules, and regulations.
B. Restrictions on Use: Lessee shall not use the Premises for any unlawful purposes or activities that may create a nuisance or disturbance to neighboring properties or tenants within the building.
VII. Maintenance and Repairs
A. Maintenance Responsibilities of Lessor: Lessor shall be responsible for major structural repairs, including repairs to the roof, exterior walls, foundation, and structural elements of the building, ensuring the Premises remain in a safe and habitable condition.
B. Maintenance Responsibilities of Lessee: Lessee shall be responsible for routine maintenance and repairs to the interior of the Premises, including but not limited to repairs to flooring, walls, fixtures, and equipment used exclusively by Lessee within the Premises.
C. Procedures for Reporting and Addressing Maintenance Issues: Both parties agree to promptly report any maintenance issues or repair needs to the other party in writing. Lessor shall have the right to enter the Premises at reasonable times for purposes of inspection, repair, or maintenance, upon providing Lessee with reasonable advance notice except in cases of emergency.
VIII. Alterations and Improvements
A. Conditions for Making Alterations: Lessee may make alterations, improvements, or additions to the Premises with prior written consent from Lessor, which shall not be unreasonably withheld, conditioned upon Lessee obtaining all necessary permits and licenses for such alterations.
B. Ownership and Reversion of Improvements: Any alterations, improvements, or additions made by Lessee shall become the property of Lessor upon termination of this Lease, unless Lessor requests their removal at Lessee's expense and restoration of the Premises to their original condition.
IX. Utilities and Services
A. Responsibility for Payment of Utilities: Lessee shall be responsible for the payment of all utilities and services used on the Premises during the term of this Lease, including but not limited to electricity, water, sewer, gas, and trash removal.
B. Services Provided by Lessor: Lessor shall provide maintenance of common areas, landscaping, snow removal, and security services as outlined in a separate agreement or addendum to this Lease, if applicable.
X. Insurance
A. Insurance Coverage Required: Throughout the Lease term, Lessee shall maintain comprehensive general liability insurance with limits not less than [Insurance Limits], naming Lessor as an additional insured. Lessee shall also maintain property insurance covering all improvements made by Lessee on the Premises.
B. Proof of Insurance and Additional Insured Endorsement: Lessee shall provide Lessor with certificates of insurance evidencing the required coverage and endorsements, including a waiver of subrogation in favor of Lessor, within [00] days from the commencement of this Lease and upon each renewal thereafter.
XI. Compliance with Laws
A. Compliance with Laws: Lessee shall comply with all applicable federal, state, and local laws, ordinances, regulations, and requirements governing the use, occupancy, and operation of an educational facility on the Premises, including obtaining and maintaining all necessary permits and licenses.
B. Permits and Licenses Required: Prior to commencing operations on the Premises, Lessee shall obtain and keep in full force and effect all necessary licenses, permits, and approvals required by governmental authorities for the lawful operation of a school, and shall promptly provide copies of such permits and licenses to Lessor upon request.
XII. Default and Termination
A. Conditions for Default: Either party may terminate this Lease upon the occurrence of a material breach by the other party, including but not limited to non-payment of rent, failure to maintain required insurance, or violation of any other term or condition of this Lease, after providing [00] days' written notice of such breach and opportunity to cure.
B. Remedies Available: In the event of termination due to default by Lessee, Lessor may pursue all available remedies at law or in equity, including eviction and recovery of damages for unpaid rent and costs associated with restoring the Premises to their original condition, less reasonable wear and tear.
C. Termination Procedures: Written notice of termination shall be delivered to the non-defaulting party in accordance with the notice provisions of this Lease, specifying the reason for termination and the effective date thereof.
XIII. Indemnification
A. Indemnification of Lessor by Lessee: Lessee agrees to indemnify, defend, and hold harmless Lessor, its officers, directors, employees, and agents from and against any and all claims, liabilities, damages, losses, costs, and expenses (including reasonable attorneys' fees) arising out of or related to Lessee's use, occupancy, or operation of the Premises, including without limitation any personal injury or property damage.
B. Indemnification of Lessee by Lessor: Lessor agrees to indemnify, defend, and hold harmless Lessee, its officers, directors, employees, and agents from and against any and all claims, liabilities, damages, losses, costs, and expenses (including reasonable attorneys' fees) arising out of or related to Lessor's negligence or willful misconduct.
XIV. Assignment and Subletting
A. Conditions for Assignment or Subletting: Lessee may not assign this Lease or sublet the Premises, in whole or in part, without the prior written consent of Lessor, which consent shall not be unreasonably withheld, conditioned, or delayed.
B. Lessor’s Consent Requirements: Lessor's consent to any assignment or subletting may be subject to reasonable conditions, including but not limited to the financial capability of the proposed assignee or sublessee and assurance of continued compliance with the terms of this Lease.
XV. Dispute Resolution
A. Methods for Resolving Disputes: Any dispute, controversy, or claim arising out of or relating to this Lease, including the breach, termination, or validity thereof, shall be resolved through mediation administered by [Mediation Organization] in accordance with its rules and procedures.
B. Jurisdiction and Governing Law: This Lease shall be governed by and construed in accordance with the laws of the State of [State], without regard to its conflict of laws principles. Any legal action or proceeding arising out of or relating to this Lease shall be brought exclusively in the courts of [County], [State], and each party hereby submits to the jurisdiction of such courts.
XVI. Miscellaneous Provisions
A. Entire Agreement Clause: This Lease constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior agreements, negotiations, representations, and understandings, whether oral or written.
B. Amendments to the Contract: No amendment or modification of this Lease shall be valid unless it is in writing and signed by both parties hereto.
C. Notices: Any notice or communication required or permitted under this Lease shall be in writing and shall be deemed to have been duly given when delivered personally or sent by registered or certified mail, postage prepaid, or by recognized overnight courier service to the addresses set forth herein.
D. Severability: If any provision of this Lease is held to be invalid or unenforceable by a court of competent jurisdiction, the remaining provisions of this Lease shall remain in full force and effect to the fullest extent permitted by law.
E. Waiver of Rights: The waiver by either party of any breach of any term, covenant, or condition herein contained shall not be deemed to be a waiver of such term, covenant, or condition itself or of any subsequent breach thereof.
XVIII. Signatures
In witness whereof, the parties hereto have executed this School Lease Contract as of the date first above written. Each party acknowledges that they have read and understood the terms herein and agree to be bound thereby.
[Your Name]
[Your Company Name]
[Date]
[Representative's Name]
[Second Party]
[Date]
