During the term of this rental agreement and when it is renewed, the tenant must, at his own expense, maintain the interior of the premises in good condition and repair as is the case at the time of this rental agreement, with the exception of reasonable wear and tear and use. This obligation would include the obligation to replace any glass plate damaged as a result of the negligence or actions of the tenant or his guests or guests. In addition, the Tenant may not knowingly commit or permit any act or cause that violates the rules and regulations prescribed from time to time by any federal, state or territorial authority, and it is expressly prohibited to keep or maintain hazardous waste or contaminants on the premises. The tenant is also responsible for any costs, if any, that would be incurred to bring its planned operation and business activity into compliance with any law or regulation of a federal, state or local authority. USE OF RENTED PREMISES. The owner rents the premises to the tenant and the tenant hereby undertakes to rent the premises exclusively for the purpose of operating the aforementioned restaurant. The tenant cannot sell or serve alcoholic beverages at the restaurant without the required liquor license, unless they have a license to sell beer or wine. Any change in the use or purpose of the premises, which is not described above, requires only the prior written consent of the owner. With a lease percentage, the tenant pays the basic rent of the property, as well as a monthly percentage of the gross income of the company that operates the rented space. This type of rental is generally used for retail businesses. Extension option – If the tenant wants to have the opportunity to stay longer in the property, they can request an « extension option » of the lease. This gives them the right to renew the lease at a certain rental price if they wish.
Purchase option – Use this option if the tenant wishes to have the opportunity to purchase the property at a certain price during their lease. (B) Subordination. The Tenant undertakes to make this Contract, at the request of the Lessor, subject to any mortgage placed by the Lessor on the demolished premises or property or on one or more of them, provided that the holder of such a mortgage concludes with the Tenant an agreement that binds the successors and assigns of the parties to the Tenant, under which the holder undertakes not to disturb the possession. peaceful and peaceful enjoyment and other rights of the tenant under this agreement. As long as the tenant continues to fulfill his obligations under this contract, in case of acquisition of the property by that owner through a seizure procedure or another owner agrees to accept the tenant as a tenant of the premises disappears in accordance with the terms of this agreement and to fulfill the obligations of the owner under this contract (but only as long as he is the owner of the unmasked premises), and the tenant agrees to recognize that landlord or any other person who acquires ownership of the demolished premises as the landlord. The parties undertake to execute and provide all appropriate instruments necessary for the execution of the agreements contained herein. 1. May 2018 – Follow a few simple steps to rent your own restaurant and rent a restaurant included in your lease This lease is designed for a high-end coffee and juice retailer (Starbucks type) that takes up space on the ground floor of an office building. The tenant is not required to pay a percentage of rent, but is responsible for his proportional share of the operating costs.
☐ The Landlord agrees that during the term of this Agreement, the Tenant has the right to store personal property in the __ [description of storage rooms] at his own risk. The landlord is not responsible for the loss, theft or damage of items stored by the tenant. D) No privileges are allowed. No one shall ever be entitled to a privilege, directly or indirectly, imposed by or under the Renter or by or by virtue of any act or omission of the Tenant on the unmasked premises or improvements made now or subsequently thereof, or to insurance policies taken out on the destitute premises, or as a result of or as a result of work or materials, made available to the premises of the deceased, or for or for any reason or circumstance; and nothing in this Agreement shall be construed as constituting the Landlord`s consent to the creation of a lien. In the event that such a lien is filed, the tenant must ensure that the lien is released within ___ days of the actual notification of the deposit, or within that period confirm to the landlord that the tenant has a valid defence against that claim and lien and provide the landlord with a deposit satisfactory to the landlord. Indemnification of the landlord against the performance of such a lien. In addition to any other remedy granted herein, if the Tenant fails to perform such lien or to provide a guarantee compensating the Landlord against the performance of such lien as provided above, the Landlord may release such lien upon notice to the Tenant, and all expenses and costs incurred as a result, plus interest, will be payable as additional rent below the next lease payment date. Once the deposit has been paid and the lease has been signed, the tenant must take over the occupation. This means that the tenant can use the space as provided in the lease. Both parties will be held responsible for their established obligations until the end of the lease term. .