Private Property For Sale Onrus In Alameda

• Category: Leases - Contracts
• State: Multi-State
• County: Alameda
• Control #: US-00123
• Format: Word; Rich Text

Description

The document titled 'Contract for the Lease of Personal Property' outlines the agreement between a lessor and a lessee regarding the lease of specified personal property. Central to this agreement, the lessor grants the lessee the right to use the property, with details provided in an attached exhibit. The lease's duration is linked to the related Asset Purchase Agreement, which serves as a critical timeline indicator. Responsibility for maintenance and repairs falls to the lessee, imposing a duty to keep the property in good condition, while indemnification clauses protect the lessor from liabilities arising from the lessee's use. Additionally, any assignment or subletting requires prior written consent from the lessor, ensuring the lessor retains control over the property usage. The document emphasizes that the relationship is strictly a lessor-lessee one, avoiding implications of partnership. It also stipulates that lawyer fees incurred due to breaches will be the responsibility of the defaulting party. The importance of written notices is highlighted, and the agreement constitutes the entire understanding between the parties, subject to modifications only through formal written consent. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants involved in property leasing as it provides a clear legal framework for the lease's execution and enforcement.