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Form #1161Chain Store
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Chain Store Lease Form- free to use
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Chain store.
THIS LEASE is made this _________ day of _________[year],
by and between _________, Landlord, and _________, Tenant.
Definitions and formal terms are set forth on reverse
side of this lease and constitute a part of this agreement.
The Landlord in consideration of the agreements herein
contained does hereby demise, lease and let the following described premises
situated in the Town or City of _________ and State of _________, generally
described as, _________(street address, if any) and legally described as
_________(legal description controls, if used) together with the walks,
appurtenances and rights of way thereto belonging.
This lease commences the _________ day of _________[year],
and shall continue to and including the last day of _________[year], for
a period of _________ year(s) and _________. The Tenant agrees with the
Landlord to pay as rent for the above premises the sum of $_____ per month,
payable in advance on the first day of each and every month during the full
term of this lease at _________. The Tenant shall have the option, exercisable
by written notice to Landlord at least 90 days prior to the end of original
term of this lease, to extend the lease for a period of _________ years, upon
the same terms and conditions as are contained herein.
The Landlord does covenant that the Tenant, on paying
the rent and performing the covenants herein, shall and may peaceably and
quietly have, hold and enjoy the demised premises for the term aforesaid.
The Tenant will keep the demised walks cleared of ice
and snow. Tenant will not sell intoxicating beverages nor permit use of
premises for any gambling or immoral practices. Tenant agrees to permit the
Landlord or latter's agents or employees to enter premises at all reasonable
times and to permit "For Rent" signs to be displayed during the
sixty-day period before expiration of the lease.
If Tenant fails to pay the rent aforesaid when due, or
fails to cure a default under any of the covenants herein contained within 30
days after written notice from Landlord of any such default, Landlord shall
have the right to re-enter and take possession of the demised premises, and
thereupon premises may be re-rented by Landlord, subject to provisions set
forth below, for such rent and upon such terms as Landlord deems satisfactory
and if a sufficient sum shall not then be realized monthly to satisfy the rent
provided in this lease. Tenant agrees to satisfy and pay all deficiency monthly
during the remaining period of this lease. The acceptance by the Landlord of
any rental payment shall constitute a waiver of any and all past defaults by
Tenant.
In the event of total or "constructive total loss"
of premises from any cause including condemnation, this lease shall terminate.
In the event of "substantial loss" from the above causes, Tenant may
elect to terminate lease by written notice thereof to Landlord; in event of
"partial loss," the building shall be repaired and restored by
Landlord as expeditiously as possible; in either of the latter two events the
rent shall be reduced or abated to the extent and while, the premises are
unsuitable for business of Tenant.
Tenant will, at the end of this lease, quietly yield
and surrender the aforesaid premises to the Landlord in as good condition and
repair as when taken, reasonable wear and tear, and damage from accident and
casualty excepted. Each of the Landlord and Tenant and any person or entity claiming
by or through them hereby waives all right to recovery from the other, and its
employees, agents or representatives for damage or loss to the contents or to
the demised premises when such loss is caused by any of the perils included
within a standard form of fire and extended coverage insurance.
Landlord warrants the structural safety of the demised
premises and agrees to make and pay for all exterior and structural repairs to
the building on the demised premises, and also to make and pay for necessary
repairs to sidewalks adjacent; elevators; plumbing, wiring and electrical (not
including light bulbs), air conditioning and heating installations; walls;
floor; and plate glass.
Tenant may erect on the exterior of the premises
_________ Stores signs, and shall remove such signs upon termination of this
lease. Tenant may install trade fixtures, signs, sign background, lighting
fixtures and trade equipment, and may remove the same upon termination of
lease.
The Landlord hereby agrees to the subsequent transfers
and assignments of this lease and or option without further notice, but only to
a person, firm, or corporation, which is granted a franchise to operate a
_________ Stores on premises and thereupon Tenant shall be released and
discharged from any further liability by reason of this lease. If Landlord
notifies Tenant in writing of any default hereunder, or if Tenant ceases to
operate a _________ Stores on the foregoing premises, then _________ Stores,
Incorporated, may at its option, exercised by written notice to Landlord,
within 30 days after either of such events, assume and agree to perform the
unexpired portion of this lease, and in such event shall have the right of
sublet and the right of transfer and assignment as set forth above.
In testimony whereof, both parties have executed this
lease agreement the day and year first above written.
_________
In the presence of: _________
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These downloadable forms are only for personal use. Retransmission, redistribution,
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to hold this site, its officers, employees and any contributors to this site harmless
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site. If you do not agree to the above terms, please do not proceed.
These forms are provided to assist business owners and others in understanding important
points to consider in different transactions. They are offered with the understanding
that no legal advice, accounting, or other professional service is being offered
by these documents or on this website. Laws vary in the different states. Agreements
acceptable in one state may not be enforced the same way under the laws of another
state. Also, agreements should relate specifically to the particular facts of each
situation. Therefore, it is important to consult legal counsel whenever utilizing
these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com
is not engaged in recommending or referring members on the site or making claims
about the competence, character or qualifications of its participating members.
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Keywords: Chain Store, Real Estate, Lease, legal agreement
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