Sample Form for Commercial Lease Agreement

LEASE dated ,
between
having a place of business at (hereinafter called "Landlord"),
and , a New York corporation
having a place of business at (hereinafter called "Tenant").
W
I T N E S S E T H :
1. Demise of Premises, Term and Rent.
Landlord does hereby lease and demise to Tenant, and Tenant does hereby
hire and take from Landlord, subject to any ground leases and/or underlying leases and/or mortgages as hereinafter provided,
and upon and subject to the covenants, agreements, term, provisions and conditions of this Lease for the term hereinafter stated,
the portion of the store premises and the portion of the basement each more specifically shown, respectively, hatched and cross-
hatched on the plans attached hereto as Exhibits "A" and "B", said demised premises, together with all fixtures, equipment,
improvements, installations and appurtenances which at the commencement of or during the term of this Lease are thereto
attached (except items not deemed to be included therein and removable by Tenant as provided in Article 4 of this Lease) are
hereinafter called the "premises", and the plot of land on which the Building has been constructed is hereinafter called the "Land".
The term of this Lease shall commence on (subject to
postponement of said specific date as provided in Article 2 hereof) or on such earlier date as Tenant shall occupy the premises
or any part thereof with the consent of Landlord for the purpose of carrying on the normal functions of Tenant's business (such
date for the commencement of the term hereof being hereinafter called the "term commencement date") and shall end on or
shall end on such earlier date upon which said term may expire or be terminated pursuant to any of the conditions of limitation or
other provisions of this Lease or pursuant to law.
The premises shall be used for the following, but not for any other purpose, namely:
Landlord agrees that Landlord will not lease any other space in the Building which is subject to Landlord's control to any
entity for any primary use which includes any use set forth in the preceding paragraph hereof but nothing contained herein shall
preclude Landlord from leasing space where any such use referred to the preceding paragraph hereof is incidental to the primary
or main use of the tenant, occupant or user thereof.
The rent reserved under this Lease for the term hereof shall be and consist of the following fixed rent, namely:
(a) for and during the period commencing on and ending on ,
($ ) Dollars per annum;
(b) for and during the period commencing on and ending on ,
($ ) Dollars per annum;
(c) for and during the period commencing on and ending on ,
($ ) Dollars per annum;
all such fixed rent being payable in equal monthly installments in advance, on the first day of each and every calendar month
during said term (except that Tenant shall pay the monthly installment of fixed rent for the month of on the execution
hereof), plus such additional rent and other charges as shall become due and payable hereunder, which additional rent and other
charges shall be payable as hereinafter provided; all to be paid to Landlord at is office, or such other place as Landlord may
designate, in lawful money in the Untied States of America. The monthly installments of fixed rent for the month during which the
term commencement date occurs and the month during which the term hereof expires shall each be prorated.
In addition to the foregoing, and in further consideration of Landlord entering into this Lease, upon the execution of this
Lease, Tenant shall also pay to Landlord the sum of $ . If Tenant's check or checks f or such sum,
or the sum referred to in the immediately preceding paragraph hereof, shall not be honored by the bank upon which it or they are
drawn for any reason of any kind or nature whatsoever, this Lease shall be, and shall be deemed to be, without notice,
immediately cancelled and terminated and of no further force or effect and Landlord shall have no liability or obligation to Tenant
under this Lease.
Provided Tenant shall not at any time be in default of any of the c onvents, agreements, terms, provisions or conditions of
this Lease on its part to be kept, observed and performed, the monthly installments or part thereof of fixed rent payable by
Tenant to Landlord for the period commencing on the term commencement date and ending on shall
be abated; the twelve (12) monthly installments of fixed rent payable by Tenant to Landlord for the period beginning
and ending shall each be abated by an amount equal to
$ ; and, the sixty (60) monthly installments of fix ed rent payable by Tenant to Landlord for the
period beginning and ending shall each be abated by an amount equal to
$ .
Tenant does hereby covenant and agree promptly to pay the fixed rent, additional rent and other charges herein
Page 1/17
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