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Commercial Lease Agreement Overview

This document is a commercial lease agreement between ABC (the Landlord), Sunder singh rana (the Tenant), and abc (the Guarantor) for leased premises with a leasable area of 123 square feet. The term of the lease is 20 years, commencing on November 20, 2011. The tenant will pay a base rent of $2.50 every three months for use of the premises as an areay details. The lease defines key terms such as additional rent, building, common areas, leasable area, and premises.

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Sunder Rana
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0% found this document useful (0 votes)
309 views2 pages

Commercial Lease Agreement Overview

This document is a commercial lease agreement between ABC (the Landlord), Sunder singh rana (the Tenant), and abc (the Guarantor) for leased premises with a leasable area of 123 square feet. The term of the lease is 20 years, commencing on November 20, 2011. The tenant will pay a base rent of $2.50 every three months for use of the premises as an areay details. The lease defines key terms such as additional rent, building, common areas, leasable area, and premises.

Uploaded by

Sunder Rana
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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COMMERCIAL LEASE AGREEMENT THIS LEASE (this "Lease") dated this 8th day of November, 2011 BETWEEN: ABC

of Ahar by pass road mkt Jhangribad Bulandshahr up Telephone: 0000000000 Fax: 0000000000 (the "Landlord") OF THE FIRST PART - AND Sunder singh rana of Raghunathpur bulandshahr up Telephone: 9810394764 Fax: 00000000 (the "Tenant") OF THE SECOND PART - AND abc of raghunathpur buland shahr up Telephone: 00000 Fax: 000000000 (the "Guarantor") OF THE THIRD PART IN CONSIDERATION OF the Landlord leasing certain premises to the Tenant, the Tenant leasing those premises from the Landlord and the mutual benefits and obligations set forth in this Lease, the receipt and sufficiency of which consideration is hereby acknowledged, the Parties to this Lease (the "Parties") agree as follows: Basic Terms The following basic terms are hereby approved by the Parties and each reference in this Lease to any of the basic terms will be construed to include the provisions set forth below as well as all of the additional terms and conditions of the applicable sections of this Lease where such basic terms are more fully set forth: Landlord: ABC Address of ABC: Ahar by pass road mkt Jhangribad Bulandshahr up Tenant: Sunder singh rana Address of Sunder singh rana: Raghunathpur bulandshahr up Operating Name of Sunder singh rana: IOCL GASH SHOROOM Guarantor: abc Address of abc : raghunathpur buland shahr up

Leasable Area of Premises: 123 square feet Term of Lease: The term of the Lease is for 20 years to commence at 12:00 noon on November 20, 2011. Commencement Date of Lease: November 20, 2011 Base Rent: $2.50, payable every three months Permitted Use of Premises: for areay details Advance rent: First and last month's rent Security/Damage Deposit: None Definitions When used in this Lease, the following expressions will have the meanings indicated: "Additional Rent" means all amounts payable by the Tenant under this Lease except Base Rent, whether or not specifically designated as Additional Rent elsewhere in this Lease; "Building" means all buildings, improvements, equipment, fixtures, property and facilities from time to time located at khara no ahar road mkt jhangribad buland shahr up, as from time to time altered, expanded or reduced by the Landlord in its sole discretion; "Common Areas and Facilities" mean: those portions of the Building areas, buildings, improvements, facilities, utilities, equipment and installations in or forming part of the Building which from time to time are not designated or intended by the Landlord to be leased to tenants of the Building including, without limitation, exterior weather walls, roofs, entrances and exits, parking areas, driveways, loading docks and area, storage, mechanical and electrical rooms, areas above and below leasable premises and not included within leasable premises, security and alarm equipment, grassed and landscaped areas, retaining walls and maintenance, cleaning and operating equipment serving the Building; and those lands, areas, buildings, improvements, facilities, utilities, equipment and installations which serve or are for the useful benefit of the Building, the tenants of the Building or the Landlord and those having business with them, whether or not located within, adjacent to or near the Building and which are designated from time to time by the Landlord as part of the Common Areas and Facilities; "Leasable Area" means with respect to any rentable premises, the area expressed in square feet of all floor space including floor space of mezzanines, if any, determined, calculated and certified by the Landlord and measured from the exterior face of all exterior walls, doors and windows, including walls, doors and windows separating the rentable premises from enclosed Common Areas and Facilities, if any, and from the center line of all interior walls separating the rentable premises from adjoining rentable premises. There will be no deduction or exclusion for any space occupied by or used for columns, ducts or other structural elements; "Premises" means the office space at khara no ahar road mkt jhangribad buland shahr up which is located approximately as shown in red on Schedule 'A' attached to and incorporated in the Lease and comprises a Leasable Area of 123 square feet.

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