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Criteria Ratings Points
Substantive
Analysis
46 to >41.0 pts
Advanced
• For each answer,
substantive legal
analysis and arguments
are provided. • Major
points are stated clearly
and supported by law
and by thoughtful
analysis. • At least 3
scholarly and legal
sources other than the
textbook are properly
referenced, cited, and
integrated into the
analysis. • At least 2
separate Bible passages
are fully integrated into
the analysis.
41 to >38.0 pts
Proficient
• Basic analysis is
provided in each
answer. • Most major
points are stated clearly
and supported by law
and by thoughtful
analysis. • At least 3
scholarly and legal
sources are referenced
and cited, including the
textbook, but may not be
fully integrated into the
analysis. • At least 2
Bible passages are
included but are not fully
integrated into the
analysis.
38 to >0.0 pts
Developing
• Issues are noted
without in-depth
analysis or are not
answered at all.
• Key points are
merely summarized
or are omitted, or are
substantially
unsupported. • Fewer
than 3 scholarly legal
sources are used or
are not integrated into
the analysis. • Fewer
than 2 Bible
passages are
included, with little or
no integration.
0 pts
Not Present
• Questions
in the
assignment
are not
answered,
and/or
• Analysis
fails to include
scholarly
sources and
Biblical
worldview
integration.
46 pts
Completeness
and Relevant
Issues
24 to >21.0 pts
Advanced
• The majority of the
lease provisions are
noted and included in the
analysis in each
question. • All of the
issues are analyzed.
21 to >19.0 pts
Proficient
• Many of the relevant
lease provisions are
noted and included in
the analysis. • Many of
the issues are analyzed.
19 to >0.0 pts
Developing
• Significant and
legally relevant lease
provisions are
omitted. • Few legal
issues are analyzed.
0 pts
Not Present
• No lease
provisions are
included or
analyzed.
• No legal
issues are
analyzed.
24 pts
Grammar and
Spelling
13 to >11.0 pts
Advanced
Correct spelling and
grammar are used
throughout the paper.
There are 0–2 errors in
grammar or spelling that
distract the reader from
the content.
11 to >10.0 pts
Proficient
There are 3–5 errors in
grammar or spelling that
distract the reader from
the content.
10 to >0.0 pts
Developing
There are 6–10 errors
in grammar or
spelling that distract
the reader from the
content.
0 pts
Not Present
There are
more than 10
errors in the
grammar or
spelling that
distract the
reader from
the content, or
demonstrates
a complete
lack of
spell-checking
or
proofreading.
13 pts
Commercial Lease Analysis Grading Rubric |
BUSI561_B01_202130
Criteria Ratings Points
APA Format
Compliance
13 to >11.0 pts
Advanced
There are 0–2 minor
errors in APA format in
the required in-text
citations and reference
list.
11 to >10.0 pts
Proficient
There are 3-5 minor
errors in APA format in
the required in-text
citations and reference
list.
10 to >0.0 pts
Developing
There are more than
5 errors in APA format
in the required
citations, and/or
required citations are
missing.
0 pts
Not Present
Citations
demonstrate
no APA
structure or
are missing.
13 pts
Word Count 4 to >3.0 pts
Advanced
The minimum word
count of 200 words of
substantive content is
met or exceeded for
each answer (1,200
total).
3 to >2.0 pts
Proficient
Substantive word count
is between 100 and 200
words for at least one of
the answers.
2 to >0.0 pts
Developing
Substantive word
count is between 50
and 100 words for at
least one of the
answers.
0 pts
Not Present
There are
fewer than
200 words of
substantive
content for all
answers.
4 pts
Total Points: 100
Commercial Lease Analysis Grading Rubric |
BUSI561_B01_202130
BUSI 561
Commercial Lease Agreement
This Commercial Lease Agreement (Lease) is entered into on
this ____ day of ___________, 20__, by and between
__________________ (Landlord) and _________________
(Tenant). Landlord is the owner of land and improvements
whose address is: __________________________________.
Landlord makes available for lease a portion of the Building
designated as ___________________ (Leased Premises).
Landlord desires to lease the Leased Premises to Tenant, and
Tenant desires to lease the Leased Premises from Landlord for
the term, at the rental and on the provisions set forth herein.
THEREFORE, in consideration of the mutual promises
contained herein, and for other good and valuable consideration,
it is agreed:
1. Term
The Initial Term of the Lease shall begin on the _____ day of
_____________, 20__, and end on the _____ day of
_____________, 20__. Landlord shall use its best efforts to put
Tenant in possession of the Leased Premises on the beginning of
the Initial Term. If Landlord is unable to timely provide the
Leased Premises, rent shall abate for the period of delay. Tenant
shall make no other claim against Landlord for any such delay.
Tenant may renew the Lease for one extended term of
____________. Tenant shall exercise such renewal option, if at
all, by providing written notice to Landlord not less than ninety
(90) days prior to the expiration of the Initial Term. The
renewal term shall be at the rental set forth below and otherwise
on the same covenants, conditions, and provisions as contained
in this Lease.
2. Rent
Tenant shall pay to Landlord during the Initial Term rent of
_________________ Dollars ($) per year, payable in
installments of _______________ Dollars ($) per month. Each
installment payment shall be due in advance on the first day of
each calendar month during the lease term to Landlord at the
following address:
The rental payment amount for any partial calendar months
included in the lease term shall be prorated on a daily basis.
Tenant shall also pay to Landlord a Security Deposit in the
amount of __________________ Dollars ($).
The rental for any renewal lease term, if created as permitted
under this Lease, shall be ___________ Dollars ($) per year
payable in installments of _______ Dollars ($) per month.
3. Prohibited Uses
Notwithstanding the foregoing, Tenant shall not use the Leased
Premises for the purposes of storing, manufacturing, or selling
any explosives, flammables, or other inherently dangerous
substance, chemical, thing, or device.
4. Sublease and Assignment
Tenant shall have the right without Landlord's consent, to
assign this Lease to a business with which Tenant may merge or
consolidate, to any subsidiary of Tenant, to any corporation
under common control with Tenant, or to a purchaser of
substantially all of Tenant's assets.
Except as set forth above, Tenant shall not sublease all or any
part of the Leased Premises or assign this Lease in whole or in
part without Landlord's consent, such consent not to be
unreasonably withheld or delayed.
5. Repairs
During the lease term, the Tenant shall make, at Tenant's
expense, all necessary repairs to the Leased Premises. Repairs
shall include such items as routine repairs of floors, walls,
ceilings, and other parts of the Leased Premises damaged or
worn through normal occupancy, except for major mechanical
systems or the roof, subject to the obligations of the parties
otherwise set forth in this Lease.
6. Alterations and Improvements
Tenant, at Tenant's expense, shall have the right, on obtaining
Landlord's consent, to remodel, redecorate, and make additions,
improvements, and replacements of and to all or any part of the
Leased Premises from time to time as Tenant may deem
desirable, provided the same are made in a workmanlike manner
and utilizing good quality materials. Tenant shall have the right
to place and install personal property, trade fixtures, equipment,
and other temporary installations in and that the Leased
Premises, and fasten the same to the premises. All personal
property, equipment, machinery, trade fixtures, and temporary
installations, whether acquired by Tenant at the commencement
of the Lease term or placed or installed on the Leased Premises
by Tenant thereafter, shall remain Tenant's property free and
clear of any claim by Landlord. Tenant shall have the right to
remove the same at any time during the term of this Lease
provided that Tenant shall repair, at Tenant's expense, all
damage to the Leased Premises caused by such removal.
7. Property Taxes
Landlord shall pay, prior to delinquency, all general real estate
taxes and installments of special assessments coming due during
the Lease term on the Leased Premises, and all personal
property taxes with respect to Landlord's personal property, if
any, on the Leased Premises. Tenant shall be responsible for
paying all personal property taxes with respect to Tenant's
personal property at the Leased Premises.
8. Insurance
If the Leased Premises or any other part of the Building is
damaged by fire or other casualty resulting from any act of
negligence by Tenant or by any of Tenant's agents, employees,
or invitees, rent shall not be diminished or abated while such
damages are under repair, and Tenant shall be responsible for
the costs of repair not covered by insurance.
Landlord shall maintain fire and extended coverage insurance
on the Building and the Leased Premises in such amount as
Landlord shall deem appropriate. Tenant shall be responsible, at
its expense, for fire and extended coverage insurance on all of
its personal property, including removable trade fixtures,
located in the Leased Premises.
Tenant and Landlord shall, each at its own expense, maintain a
policy or policies of comprehensive general liability insurance
with respect to the particular activities of each in the Building
with the premiums thereon fully paid on or before due date.
Such insurance policy shall be issued by and binding on an
insurance company approved by Landlord, and shall afford
minimum protection of not less than $1,000,000 combined
single limit coverage of bodily injury, property damage, or
combination thereof. Tenant shall provide Landlord with current
Certificates of Insurance evidencing Tenant's compliance with
this term.
9. Utilities
Tenant shall pay all charges for water, sewer, gas, electricity,
telephone, internet, and other services and utilities used by
Tenant on the Leased Premises during the term of this Lease
unless otherwise expressly agreed in writing by Landlord. In the
event that any utility or service provided to the Leased Premises
is not separately metered, Landlord shall pay the amount due
and separately invoice Tenant for Tenant's pro rata share of the
charges.
Tenant shall pay such all such utility charges prior to the due
date. Tenant acknowledges that the Leased Premises are
designed to provide standard office use electrical facilities and
standard office lighting. Tenant shall not use any equipment or
devices that utilize excessive electrical energy or that may, in
Landlord's reasonable opinion, overload the wiring or interfere
with electrical services to other tenants.
10. Signs
Following Landlord's consent, Tenant shall have the right to
place on the Leased Premises, at locations selected by Tenant,
any signs that are permitted by applicable zoning ordinances
and private restrictions. Landlord may refuse consent to any
proposed signage that is in Landlord's opinion too large,
deceptive, unattractive, or otherwise inconsistent with or
inappropriate to the Leased Premises or use of any other tenant.
Landlord shall assist and cooperate with Tenant in obtaining
any necessary permission from governmental authorities or
adjoining owners and occupants for Tenant to place or construct
the foregoing signs. Tenant shall repair all damage to the
Leased Premises resulting from the removal of signs installed
by Tenant.
11. Entry
Landlord shall have the right to enter the Leased Premises at
reasonable hours to inspect the same, provided Landlord shall
not thereby unreasonably interfere with Tenant's business on the
Leased Premises.
12. Parking
During the term of this Lease, Tenant shall have the non-
exclusive use in common with Landlord, other tenants of the
Building, their guests and invitees, of the non-reserved common
automobile parking areas, driveways, and footways, subject to
rules and regulations for the use thereof as prescribed from time
to time by Landlord. Landlord reserves the right to designate
parking areas for Tenant and Tenant's agents and employees.
Tenant shall provide Landlord with a list of all license numbers
for the cars owned by Tenant, its agents, and employees.
13. Building Rules
Tenant will comply with the rules of the Building adopted and
altered by Landlord from time to time and will cause all of its
agents, employees, invitees, and visitors to do so; all changes to
such rules will be sent by Landlord to Tenant in writing. The
initial rules for the Building are attached hereto as Exhibit "A"
and incorporated herein for all purposes.
14. Damage and Destruction
If the Leased Premises or any part thereof or any appurtenance
thereto is so damaged by fire, casualty, or structural defects,
such damage or defects not being the result of any act of
negligence by Tenant or by any of Tenant's agents, employees,
or invitees, that the same cannot be used for Tenant's purposes,
then Tenant shall have the right within ninety (90) days
following damage to elect by notice to Landlord to terminate
this Lease as of the date of such damage. In the event of minor
damage to any part of the Leased Premises, and if such damage
does not render the Leased Premises unusable for Tenant's
purposes, Landlord shall promptly repair such damage at the
cost of the Landlord. In making the repairs called for in this
paragraph, Landlord shall not be liable for any delays resulting
from strikes, governmental restrictions, inability to obtain
necessary materials or labor, or other matters that are beyond
the reasonable control of Landlord. Tenant shall be relieved
from paying rent and other charges during any portion of the
Lease term that the Leased Premises are inoperable or unfit for
occupancy, or use, in whole or in part, for Tenant's purposes.
Rentals and other charges paid in advance for any such periods
shall be credited on the next ensuing payments if any, but if no
further payments are to be made, any such advance payments
shall be refunded to Tenant. The provisions of this paragraph
extend not only to the matters aforesaid, but also to any
occurrence that is beyond Tenant's reasonable control and that
renders the Leased Premises, or any appurtenance thereto,
inoperable or unfit for occupancy or use, in whole or in part, for
Tenant's purposes.
15. Default
In the event of a default made by Tenant in the payment of rent
when due to Landlord, Tenant shall have fifteen (15) days after
receipt of written notice thereof to cure such default. In the
event of a default made by Tenant in any of the other covenants
or conditions to be kept, observed, and performed by Tenant,
Tenant shall have thirty (30) days after receipt of written notic e
thereof to cure such default. In the event that the Tenant shall
fail to cure any default within the time allowed under this
paragraph, Landlord may declare the term of this Lease ended
and terminated by giving Tenant written notice of such
intention, and if possession of the Leased Premises is not
surrendered, Landlord may reenter said premises. Landlord shall
have, in addition to the remedy above provided, any other right
or remedy available to Landlord on account of any Tenant
default, either in law or equity. Landlord shall use reasonable
efforts to mitigate its damages.
16. Quiet Possession
Landlord covenants that on performance by Tenant of its
obligations hereunder, Landlord will keep and maintain Tenant
in exclusive, quiet, peaceable, undisturbed, and uninterrupted
possession of the Leased Premises during the term of this Lease.
17. Condemnation
If any legally constituted authority condemns the Building or
such part thereof, which shall make the Leased Premises
unsuitable for leasing, this Lease shall cease when the public
authority takes possession, and Landlord and Tenant shall
account for rental as of that date. Such termination shall be
without prejudice to the rights of either party to recover
compensation from the condemning authority for any loss or
damage caused by the condemnation. Neither party shall have
any rights in or to any award made to the other by the
condemning authority.
18. Subordination
Tenant accepts this Lease subject and subordinate to any
mortgage, deed of trust, or other lien presently existing or
hereafter arising on the Leased Premises, or on the Building,
and to any renewals, refinancing, and extensions thereof, but
Tenant agrees that any such mortgagee shall have the right at
any time to subordinate such mortgage, deed of trust, or other
lien to this Lease on such terms and subject to such conditions
as such mortgagee may deem appropriate in its discretion.
Landlord is hereby irrevocably vested with full power and
authority to subordinate this Lease to any mortgage, deed of
trust or other lien now existing or hereafter placed on the
Leased Premises of the Building. Tenant agrees that it will from
time to time, on request by Landlord, execute and deliver to
such persons as Landlord shall request a statement in recordable
form certifying that this Lease is unmodified and in full force
and effect (or if there have been modifications, that the same is
in full force and effect as so modified), stating the dates to
which rent and other charges payable under this Lease have
been paid; stating that Landlord is not in default hereunder (or
if Tenant alleges a default stating the nature of such alleged
default); and further stating such other matters as Landlord shall
reasonably require.
19. Security Deposit
Landlord shall hold the Security Deposit without liability for
interest and as security for the performance by Tenant of
Tenant's covenants and obligations under this Lease, it being
expressly understood that Tenant shall not consider the Security
Deposit an advance payment of rent or a measure of Landlord's
damages in case of default. Unless otherwise provided by law or
regulation, Landlord may commingle the Security Deposit with
Landlord's other funds. Landlord may, from time to time,
without prejudice to any other remedy, use the Security Deposit
to the extent necessary to make good any arrearages of rent or
to satisfy any other covenant or obligation of Tenant hereunder.
Following any such application of the Security Deposit, Tenant
shall pay to Landlord on demand the amount so applied in order
to restore the Security Deposit to its original amount. If Tenant
is not in default at the termination of this Lease, Landlord shall
return the balance of the Security Deposit remaining after any
such application to Tenant.
20. Notice
Any notice required or permitted under this Lease shall be
deemed sufficiently given or served if sent by United States
certified mail, return receipt requested, addressed as follows:
Landlord:
Tenant:
Landlord and Tenant shall each have the right from time to time
to change the place notice is to be given under this paragraph by
written notice to the other party.
21. Brokers
Tenant represents that Tenant was not shown the Premises by
any real estate broker or agent, and that Tenant has not
otherwise engaged in, any activity that could form the basis for
a claim for real estate commission, brokerage fee, finder's fee,
or other similar charge, in connection with this Lease.
22. Waiver
No waiver of any default of Landlord or Tenant hereunder shall
be implied from any omission to take any action on account of
such default if such default persists or is repeated, and no
express waiver shall affect any default other than the default
specified in the express waiver, and that only for the time and to
the extent therein stated. One or more waivers by Landlord or
Tenant shall not be construed as a waiver of a subsequent
breach of the same covenant, term, or condition.
23. Memorandum of Lease
The parties hereto contemplate that this Lease should not and
shall not be filed for record, but in lieu thereof, at the request of
either party, Landlord and Tenant shall execute a Memorandum
of Lease to be recorded for the purpose of giving record notice
of the appropriate provisions of this Lease.
24. Headings
The headings used in this Lease are for convenience of the
parties only and shall not be considered in interpreting the
meaning of any provision of this Lease.
25. Successors
The provisions of this Lease shall extend to and be binding on
Landlord and Tenant and their respective legal representatives,
successors, and assigns.
26. Consent
Landlord shall not unreasonably withhold or delay its consent
with respect to any matter for which Landlord's consent is
required or desirable under this Lease.
27. Performance
If there is a default with respect to any of Landlord's covenants,
warranties, or representations under this Lease, and if the
default continues more than fifteen (15) days after notice in
writing from Tenant to Landlord specifying the default, Tenant
may, at its option and without affecting any other remedy
hereunder, cure such default and deduct the cost thereof from
the next accruing installment or installments of rent payable
hereunder until Tenant shall have been fully reimbursed for
such expenditures, together with interest thereon at a rate equal
to the lesser of ______ percent (%) per annum or the then-
highest lawful rate. If this Lease terminates prior to Tenant's
receiving full reimbursement, Landlord shall pay the un-
reimbursed balance plus accrued interest to Tenant on demand.
28. Compliance with Law
Tenant and Landlord each shall comply with all laws, orders,
ordinances, and other public requirements now or hereafter
affecting the Leased Premises.
29. Dispute Resolution
Except for any claim relating to Tenant’s default in the payment
of rent, Landlord and Tenant agree to submit any and all other
claims, controversies, and disputes between Tenant and
Landlord arising out of or relating to the Leased Premises, this
Lease, or the parties’ performances due hereunder to mediation
pursuant to the mediation rules contained in applicable state
statutes and rules of civil procedure, prior to demanding
arbitration. Landlord and Tenant agree to maintain all
communications made at such mediation in the strictest
confidence between themselves and their counsel unless
otherwise required to disclose same under applicable law.
If, after sixty (60) days of mediation, the parties fail to reach
agreement, the claim, controversy, or dispute shall be resolved
by binding arbitration administered by and in accordance with
the commercial rules of the American Arbitration Association,
and any court of competent jurisdiction shall enter final
judgment on any such final award rendered by the arbitrators.
30. Final Agreement
This Agreement terminates and supersedes all prior
understandings or agreements on the subject matter hereof. This
Agreement may be modified only by a further writing that is
duly executed by both parties.
IN WITNESS WHEREOF, the parties have executed this Lease
as of the day and year first above written.
_____________________________________
Landlord
______________________________________
Tenant

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Commercial Lease Analysis

  • 1. Criteria Ratings Points Substantive Analysis 46 to >41.0 pts Advanced • For each answer, substantive legal analysis and arguments are provided. • Major points are stated clearly and supported by law and by thoughtful analysis. • At least 3 scholarly and legal sources other than the textbook are properly referenced, cited, and integrated into the analysis. • At least 2 separate Bible passages are fully integrated into the analysis. 41 to >38.0 pts Proficient • Basic analysis is
  • 2. provided in each answer. • Most major points are stated clearly and supported by law and by thoughtful analysis. • At least 3 scholarly and legal sources are referenced and cited, including the textbook, but may not be fully integrated into the analysis. • At least 2 Bible passages are included but are not fully integrated into the analysis. 38 to >0.0 pts Developing • Issues are noted without in-depth analysis or are not answered at all. • Key points are merely summarized or are omitted, or are substantially unsupported. • Fewer than 3 scholarly legal sources are used or are not integrated into the analysis. • Fewer than 2 Bible passages are
  • 3. included, with little or no integration. 0 pts Not Present • Questions in the assignment are not answered, and/or • Analysis fails to include scholarly sources and Biblical worldview integration. 46 pts Completeness and Relevant Issues 24 to >21.0 pts Advanced • The majority of the lease provisions are noted and included in the analysis in each question. • All of the
  • 4. issues are analyzed. 21 to >19.0 pts Proficient • Many of the relevant lease provisions are noted and included in the analysis. • Many of the issues are analyzed. 19 to >0.0 pts Developing • Significant and legally relevant lease provisions are omitted. • Few legal issues are analyzed. 0 pts Not Present • No lease provisions are included or analyzed. • No legal issues are analyzed. 24 pts
  • 5. Grammar and Spelling 13 to >11.0 pts Advanced Correct spelling and grammar are used throughout the paper. There are 0–2 errors in grammar or spelling that distract the reader from the content. 11 to >10.0 pts Proficient There are 3–5 errors in grammar or spelling that distract the reader from the content. 10 to >0.0 pts Developing There are 6–10 errors in grammar or spelling that distract the reader from the content. 0 pts
  • 6. Not Present There are more than 10 errors in the grammar or spelling that distract the reader from the content, or demonstrates a complete lack of spell-checking or proofreading. 13 pts Commercial Lease Analysis Grading Rubric | BUSI561_B01_202130 Criteria Ratings Points APA Format Compliance 13 to >11.0 pts Advanced There are 0–2 minor errors in APA format in the required in-text
  • 7. citations and reference list. 11 to >10.0 pts Proficient There are 3-5 minor errors in APA format in the required in-text citations and reference list. 10 to >0.0 pts Developing There are more than 5 errors in APA format in the required citations, and/or required citations are missing. 0 pts Not Present Citations demonstrate no APA structure or are missing. 13 pts
  • 8. Word Count 4 to >3.0 pts Advanced The minimum word count of 200 words of substantive content is met or exceeded for each answer (1,200 total). 3 to >2.0 pts Proficient Substantive word count is between 100 and 200 words for at least one of the answers. 2 to >0.0 pts Developing Substantive word count is between 50 and 100 words for at least one of the answers. 0 pts Not Present There are fewer than
  • 9. 200 words of substantive content for all answers. 4 pts Total Points: 100 Commercial Lease Analysis Grading Rubric | BUSI561_B01_202130 BUSI 561 Commercial Lease Agreement This Commercial Lease Agreement (Lease) is entered into on this ____ day of ___________, 20__, by and between __________________ (Landlord) and _________________ (Tenant). Landlord is the owner of land and improvements whose address is: __________________________________. Landlord makes available for lease a portion of the Building designated as ___________________ (Leased Premises). Landlord desires to lease the Leased Premises to Tenant, and Tenant desires to lease the Leased Premises from Landlord for the term, at the rental and on the provisions set forth herein. THEREFORE, in consideration of the mutual promises contained herein, and for other good and valuable consideration, it is agreed: 1. Term The Initial Term of the Lease shall begin on the _____ day of
  • 10. _____________, 20__, and end on the _____ day of _____________, 20__. Landlord shall use its best efforts to put Tenant in possession of the Leased Premises on the beginning of the Initial Term. If Landlord is unable to timely provide the Leased Premises, rent shall abate for the period of delay. Tenant shall make no other claim against Landlord for any such delay. Tenant may renew the Lease for one extended term of ____________. Tenant shall exercise such renewal option, if at all, by providing written notice to Landlord not less than ninety (90) days prior to the expiration of the Initial Term. The renewal term shall be at the rental set forth below and otherwise on the same covenants, conditions, and provisions as contained in this Lease. 2. Rent Tenant shall pay to Landlord during the Initial Term rent of _________________ Dollars ($) per year, payable in installments of _______________ Dollars ($) per month. Each installment payment shall be due in advance on the first day of each calendar month during the lease term to Landlord at the following address: The rental payment amount for any partial calendar months included in the lease term shall be prorated on a daily basis. Tenant shall also pay to Landlord a Security Deposit in the amount of __________________ Dollars ($). The rental for any renewal lease term, if created as permitted under this Lease, shall be ___________ Dollars ($) per year payable in installments of _______ Dollars ($) per month. 3. Prohibited Uses
  • 11. Notwithstanding the foregoing, Tenant shall not use the Leased Premises for the purposes of storing, manufacturing, or selling any explosives, flammables, or other inherently dangerous substance, chemical, thing, or device. 4. Sublease and Assignment Tenant shall have the right without Landlord's consent, to assign this Lease to a business with which Tenant may merge or consolidate, to any subsidiary of Tenant, to any corporation under common control with Tenant, or to a purchaser of substantially all of Tenant's assets. Except as set forth above, Tenant shall not sublease all or any part of the Leased Premises or assign this Lease in whole or in part without Landlord's consent, such consent not to be unreasonably withheld or delayed. 5. Repairs During the lease term, the Tenant shall make, at Tenant's expense, all necessary repairs to the Leased Premises. Repairs shall include such items as routine repairs of floors, walls, ceilings, and other parts of the Leased Premises damaged or worn through normal occupancy, except for major mechanical systems or the roof, subject to the obligations of the parties otherwise set forth in this Lease. 6. Alterations and Improvements Tenant, at Tenant's expense, shall have the right, on obtaining Landlord's consent, to remodel, redecorate, and make additions, improvements, and replacements of and to all or any part of the Leased Premises from time to time as Tenant may deem desirable, provided the same are made in a workmanlike manner and utilizing good quality materials. Tenant shall have the right
  • 12. to place and install personal property, trade fixtures, equipment, and other temporary installations in and that the Leased Premises, and fasten the same to the premises. All personal property, equipment, machinery, trade fixtures, and temporary installations, whether acquired by Tenant at the commencement of the Lease term or placed or installed on the Leased Premises by Tenant thereafter, shall remain Tenant's property free and clear of any claim by Landlord. Tenant shall have the right to remove the same at any time during the term of this Lease provided that Tenant shall repair, at Tenant's expense, all damage to the Leased Premises caused by such removal. 7. Property Taxes Landlord shall pay, prior to delinquency, all general real estate taxes and installments of special assessments coming due during the Lease term on the Leased Premises, and all personal property taxes with respect to Landlord's personal property, if any, on the Leased Premises. Tenant shall be responsible for paying all personal property taxes with respect to Tenant's personal property at the Leased Premises. 8. Insurance If the Leased Premises or any other part of the Building is damaged by fire or other casualty resulting from any act of negligence by Tenant or by any of Tenant's agents, employees, or invitees, rent shall not be diminished or abated while such damages are under repair, and Tenant shall be responsible for the costs of repair not covered by insurance. Landlord shall maintain fire and extended coverage insurance on the Building and the Leased Premises in such amount as Landlord shall deem appropriate. Tenant shall be responsible, at its expense, for fire and extended coverage insurance on all of its personal property, including removable trade fixtures, located in the Leased Premises.
  • 13. Tenant and Landlord shall, each at its own expense, maintain a policy or policies of comprehensive general liability insurance with respect to the particular activities of each in the Building with the premiums thereon fully paid on or before due date. Such insurance policy shall be issued by and binding on an insurance company approved by Landlord, and shall afford minimum protection of not less than $1,000,000 combined single limit coverage of bodily injury, property damage, or combination thereof. Tenant shall provide Landlord with current Certificates of Insurance evidencing Tenant's compliance with this term. 9. Utilities Tenant shall pay all charges for water, sewer, gas, electricity, telephone, internet, and other services and utilities used by Tenant on the Leased Premises during the term of this Lease unless otherwise expressly agreed in writing by Landlord. In the event that any utility or service provided to the Leased Premises is not separately metered, Landlord shall pay the amount due and separately invoice Tenant for Tenant's pro rata share of the charges. Tenant shall pay such all such utility charges prior to the due date. Tenant acknowledges that the Leased Premises are designed to provide standard office use electrical facilities and standard office lighting. Tenant shall not use any equipment or devices that utilize excessive electrical energy or that may, in Landlord's reasonable opinion, overload the wiring or interfere with electrical services to other tenants. 10. Signs Following Landlord's consent, Tenant shall have the right to place on the Leased Premises, at locations selected by Tenant, any signs that are permitted by applicable zoning ordinances
  • 14. and private restrictions. Landlord may refuse consent to any proposed signage that is in Landlord's opinion too large, deceptive, unattractive, or otherwise inconsistent with or inappropriate to the Leased Premises or use of any other tenant. Landlord shall assist and cooperate with Tenant in obtaining any necessary permission from governmental authorities or adjoining owners and occupants for Tenant to place or construct the foregoing signs. Tenant shall repair all damage to the Leased Premises resulting from the removal of signs installed by Tenant. 11. Entry Landlord shall have the right to enter the Leased Premises at reasonable hours to inspect the same, provided Landlord shall not thereby unreasonably interfere with Tenant's business on the Leased Premises. 12. Parking During the term of this Lease, Tenant shall have the non- exclusive use in common with Landlord, other tenants of the Building, their guests and invitees, of the non-reserved common automobile parking areas, driveways, and footways, subject to rules and regulations for the use thereof as prescribed from time to time by Landlord. Landlord reserves the right to designate parking areas for Tenant and Tenant's agents and employees. Tenant shall provide Landlord with a list of all license numbers for the cars owned by Tenant, its agents, and employees. 13. Building Rules Tenant will comply with the rules of the Building adopted and altered by Landlord from time to time and will cause all of its agents, employees, invitees, and visitors to do so; all changes to such rules will be sent by Landlord to Tenant in writing. The
  • 15. initial rules for the Building are attached hereto as Exhibit "A" and incorporated herein for all purposes. 14. Damage and Destruction If the Leased Premises or any part thereof or any appurtenance thereto is so damaged by fire, casualty, or structural defects, such damage or defects not being the result of any act of negligence by Tenant or by any of Tenant's agents, employees, or invitees, that the same cannot be used for Tenant's purposes, then Tenant shall have the right within ninety (90) days following damage to elect by notice to Landlord to terminate this Lease as of the date of such damage. In the event of minor damage to any part of the Leased Premises, and if such damage does not render the Leased Premises unusable for Tenant's purposes, Landlord shall promptly repair such damage at the cost of the Landlord. In making the repairs called for in this paragraph, Landlord shall not be liable for any delays resulting from strikes, governmental restrictions, inability to obtain necessary materials or labor, or other matters that are beyond the reasonable control of Landlord. Tenant shall be relieved from paying rent and other charges during any portion of the Lease term that the Leased Premises are inoperable or unfit for occupancy, or use, in whole or in part, for Tenant's purposes. Rentals and other charges paid in advance for any such periods shall be credited on the next ensuing payments if any, but if no further payments are to be made, any such advance payments shall be refunded to Tenant. The provisions of this paragraph extend not only to the matters aforesaid, but also to any occurrence that is beyond Tenant's reasonable control and that renders the Leased Premises, or any appurtenance thereto, inoperable or unfit for occupancy or use, in whole or in part, for Tenant's purposes. 15. Default
  • 16. In the event of a default made by Tenant in the payment of rent when due to Landlord, Tenant shall have fifteen (15) days after receipt of written notice thereof to cure such default. In the event of a default made by Tenant in any of the other covenants or conditions to be kept, observed, and performed by Tenant, Tenant shall have thirty (30) days after receipt of written notic e thereof to cure such default. In the event that the Tenant shall fail to cure any default within the time allowed under this paragraph, Landlord may declare the term of this Lease ended and terminated by giving Tenant written notice of such intention, and if possession of the Leased Premises is not surrendered, Landlord may reenter said premises. Landlord shall have, in addition to the remedy above provided, any other right or remedy available to Landlord on account of any Tenant default, either in law or equity. Landlord shall use reasonable efforts to mitigate its damages. 16. Quiet Possession Landlord covenants that on performance by Tenant of its obligations hereunder, Landlord will keep and maintain Tenant in exclusive, quiet, peaceable, undisturbed, and uninterrupted possession of the Leased Premises during the term of this Lease. 17. Condemnation If any legally constituted authority condemns the Building or such part thereof, which shall make the Leased Premises unsuitable for leasing, this Lease shall cease when the public authority takes possession, and Landlord and Tenant shall account for rental as of that date. Such termination shall be without prejudice to the rights of either party to recover compensation from the condemning authority for any loss or damage caused by the condemnation. Neither party shall have any rights in or to any award made to the other by the condemning authority.
  • 17. 18. Subordination Tenant accepts this Lease subject and subordinate to any mortgage, deed of trust, or other lien presently existing or hereafter arising on the Leased Premises, or on the Building, and to any renewals, refinancing, and extensions thereof, but Tenant agrees that any such mortgagee shall have the right at any time to subordinate such mortgage, deed of trust, or other lien to this Lease on such terms and subject to such conditions as such mortgagee may deem appropriate in its discretion. Landlord is hereby irrevocably vested with full power and authority to subordinate this Lease to any mortgage, deed of trust or other lien now existing or hereafter placed on the Leased Premises of the Building. Tenant agrees that it will from time to time, on request by Landlord, execute and deliver to such persons as Landlord shall request a statement in recordable form certifying that this Lease is unmodified and in full force and effect (or if there have been modifications, that the same is in full force and effect as so modified), stating the dates to which rent and other charges payable under this Lease have been paid; stating that Landlord is not in default hereunder (or if Tenant alleges a default stating the nature of such alleged default); and further stating such other matters as Landlord shall reasonably require. 19. Security Deposit Landlord shall hold the Security Deposit without liability for interest and as security for the performance by Tenant of Tenant's covenants and obligations under this Lease, it being expressly understood that Tenant shall not consider the Security Deposit an advance payment of rent or a measure of Landlord's damages in case of default. Unless otherwise provided by law or regulation, Landlord may commingle the Security Deposit with Landlord's other funds. Landlord may, from time to time,
  • 18. without prejudice to any other remedy, use the Security Deposit to the extent necessary to make good any arrearages of rent or to satisfy any other covenant or obligation of Tenant hereunder. Following any such application of the Security Deposit, Tenant shall pay to Landlord on demand the amount so applied in order to restore the Security Deposit to its original amount. If Tenant is not in default at the termination of this Lease, Landlord shall return the balance of the Security Deposit remaining after any such application to Tenant. 20. Notice Any notice required or permitted under this Lease shall be deemed sufficiently given or served if sent by United States certified mail, return receipt requested, addressed as follows: Landlord: Tenant: Landlord and Tenant shall each have the right from time to time to change the place notice is to be given under this paragraph by written notice to the other party. 21. Brokers Tenant represents that Tenant was not shown the Premises by any real estate broker or agent, and that Tenant has not otherwise engaged in, any activity that could form the basis for a claim for real estate commission, brokerage fee, finder's fee, or other similar charge, in connection with this Lease. 22. Waiver No waiver of any default of Landlord or Tenant hereunder shall
  • 19. be implied from any omission to take any action on account of such default if such default persists or is repeated, and no express waiver shall affect any default other than the default specified in the express waiver, and that only for the time and to the extent therein stated. One or more waivers by Landlord or Tenant shall not be construed as a waiver of a subsequent breach of the same covenant, term, or condition. 23. Memorandum of Lease The parties hereto contemplate that this Lease should not and shall not be filed for record, but in lieu thereof, at the request of either party, Landlord and Tenant shall execute a Memorandum of Lease to be recorded for the purpose of giving record notice of the appropriate provisions of this Lease. 24. Headings The headings used in this Lease are for convenience of the parties only and shall not be considered in interpreting the meaning of any provision of this Lease. 25. Successors The provisions of this Lease shall extend to and be binding on Landlord and Tenant and their respective legal representatives, successors, and assigns. 26. Consent Landlord shall not unreasonably withhold or delay its consent with respect to any matter for which Landlord's consent is required or desirable under this Lease. 27. Performance
  • 20. If there is a default with respect to any of Landlord's covenants, warranties, or representations under this Lease, and if the default continues more than fifteen (15) days after notice in writing from Tenant to Landlord specifying the default, Tenant may, at its option and without affecting any other remedy hereunder, cure such default and deduct the cost thereof from the next accruing installment or installments of rent payable hereunder until Tenant shall have been fully reimbursed for such expenditures, together with interest thereon at a rate equal to the lesser of ______ percent (%) per annum or the then- highest lawful rate. If this Lease terminates prior to Tenant's receiving full reimbursement, Landlord shall pay the un- reimbursed balance plus accrued interest to Tenant on demand. 28. Compliance with Law Tenant and Landlord each shall comply with all laws, orders, ordinances, and other public requirements now or hereafter affecting the Leased Premises. 29. Dispute Resolution Except for any claim relating to Tenant’s default in the payment of rent, Landlord and Tenant agree to submit any and all other claims, controversies, and disputes between Tenant and Landlord arising out of or relating to the Leased Premises, this Lease, or the parties’ performances due hereunder to mediation pursuant to the mediation rules contained in applicable state statutes and rules of civil procedure, prior to demanding arbitration. Landlord and Tenant agree to maintain all communications made at such mediation in the strictest confidence between themselves and their counsel unless otherwise required to disclose same under applicable law. If, after sixty (60) days of mediation, the parties fail to reach agreement, the claim, controversy, or dispute shall be resolved by binding arbitration administered by and in accordance with the commercial rules of the American Arbitration Association,
  • 21. and any court of competent jurisdiction shall enter final judgment on any such final award rendered by the arbitrators. 30. Final Agreement This Agreement terminates and supersedes all prior understandings or agreements on the subject matter hereof. This Agreement may be modified only by a further writing that is duly executed by both parties. IN WITNESS WHEREOF, the parties have executed this Lease as of the day and year first above written. _____________________________________ Landlord ______________________________________ Tenant