Free Yoga Studio Rental Agreement Template
Yoga Studio Rental Agreement
This Yoga Studio Rental Agreement ("Agreement") is entered into as of [Month Day, Year], by and between [Your Company Name] ("Studio"), a company located at [Your Company Address], and [Renter’s Full Name or Company Name] ("Renter"), who can be reached at [Renter’s Email] and [Renter’s Contact Number]. This Agreement outlines the terms and conditions under which Renter will have the right to use the Studio’s facilities located at [Studio Address] (the "Premises") for the specified period.
1. Rental Period and Use
Rental Date(s) and Time: The Premises will be available for Renter’s use on the date(s) and time(s) outlined below:
Start Date & Time: [Month Day, Year],[Time]
End Date & Time: [Month Day, Year],[Time]
Purpose of Rental: Renter is authorized to use the Premises solely for [yoga classes, private instruction, meditation sessions, workshops, and special events]. Use of the space for any purpose outside of those outlined in this Agreement, or any unauthorized commercial activities, is strictly prohibited.
Access for Setup and Cleanup: Renter will be permitted to access the Premises up to [30 minutes] before the start of the rental period for setup purposes, and will be granted [30 minutes] post-event for cleanup and takedown. If additional setup or cleanup time is required, Renter must inform the Studio in advance and may be subject to additional fees.
2. Rental Fees and Payment Terms
Rental Fee: Renter agrees to pay a rental fee of [$0] per hour or per session, totaling [$0] for the duration specified in Section 1. All payments are due as follows:
Payment Schedule: Payment in full, including any additional fees or deposits, is required by [one week prior to the scheduled event]. Failure to remit payment by this deadline may result in forfeiture of the reserved time and cancellation of the Agreement.
Security Deposit: Renter shall provide a refundable security deposit of [$0] at the time of booking. This deposit will cover any potential damages, extra cleaning, or other unforeseen costs. Upon completion of the rental period and after inspection of the Premises, this deposit will be refunded within [5 business days], provided there is no property damage or breach of Agreement terms.
Additional Charges: The Studio reserves the right to charge Renter for any extra time, services, or amenities requested on the day of the event, subject to Studio approval.
Payment Method: Payments may be made via [bank transfer]. Late payments may incur additional fees as stipulated by Studio policy.
3. Cancellation Policy
Renter-Initiated Cancellations: Cancellations must be submitted in writing to [Your Company Email]. If Renter provides at least [0 hours] notice prior to the start of the scheduled rental period, the Studio will issue a full refund of all payments, minus a non-refundable administrative fee of [$0]. Cancellations made with less than [0 hours] notice will forfeit [0% of the rental fee], unless extenuating circumstances are agreed upon by both parties.
Studio-Initiated Cancellations: The Studio reserves the right to cancel this Agreement due to unforeseen circumstances, such as emergencies, facility maintenance, or adverse weather conditions. In such cases, Renter will be eligible for a full refund of all payments made. The Studio will also make reasonable efforts to assist in rescheduling the rental if Renter so desires.
4. Studio Rules and Responsibilities
Occupancy Limits: The Studio space has a maximum capacity of [0] individuals. For safety and compliance reasons, Renter agrees not to exceed this occupancy limit. Exceeding the limit may lead to immediate termination of the rental period, forfeiture of all payments, and potential fines or additional fees.
Cleanliness and Orderliness: Renter is responsible for ensuring the Premises is maintained in an orderly and clean condition throughout the rental period. This includes ensuring all trash is disposed of, props and equipment are returned to their original locations, and any food or drink items are removed.
Prohibition on Smoking, Alcohol, and Illegal Substances: The Studio maintains a strict no-smoking, no-alcohol, and no-illegal-substances policy. Renter agrees to adhere to these rules, ensuring that neither they nor their guests bring any prohibited substances onto the Premises.
Studio Equipment and Property Care: Renter is granted use of specified Studio equipment (e.g., mats, blocks, straps, sound system) provided they adhere to the Studio’s equipment usage policies. Renter agrees to treat all equipment and furnishings with care and is financially responsible for any damages caused by misuse or negligence. Renter shall not remove or tamper with any Studio property without prior permission from the Studio.
5. Insurance and Liability
Insurance Requirements: Renter is advised to obtain liability insurance covering personal injury, property damage, and participant protection for the rental period. The Studio may request a copy of the insurance policy, especially for events with multiple attendees or those of a higher risk nature.
Assumption of Liability: Renter assumes all responsibility and liability for participants, guests, and equipment brought onto the Premises. Renter agrees to indemnify and hold harmless [Your Company Name], its employees, agents, and representatives from any and all claims, actions, and damages arising from or related to the rental period.
Indemnification Clause: Should any injuries, losses, or damages occur during the use of the Premises, Renter agrees to indemnify the Studio, including legal fees and expenses, should any claims or lawsuits arise.
6. Default and Termination
Breach of Terms: Any failure by the Renter to adhere to the terms and conditions outlined in this Agreement may result in immediate termination of the rental period. In such cases, Renter forfeits any rental fees paid and may be liable for any damages incurred.
Damages Beyond Security Deposit: If damages exceed the security deposit, Renter agrees to pay the additional amount as requested by the Studio within [30 days] of receiving a written invoice.
7. Dispute Resolution
In the event of any dispute arising from this Agreement, the parties agree to first attempt to resolve the issue through good-faith negotiation and mediation. Should mediation prove unsuccessful, disputes shall be submitted to binding arbitration in the jurisdiction of [State], in accordance with state law.
8. Miscellaneous
Entire Agreement: This Agreement represents the entire understanding between the parties. No oral representations or prior agreements will alter the terms herein.
Modifications: Any modifications to this Agreement must be in writing, signed by both parties.
Governing Law: This Agreement will be governed and interpreted by the laws of the state of [State].
Severability: Should any provision be deemed unenforceable, the remaining terms shall remain intact.
Signatures
By signing below, both parties acknowledge and agree to the terms and conditions of this Agreement.
[Your Company Name]
[Your Name]
[Month Day, Year]
Renter
[Full Name]
[Month Day, Year]
