Personal Property Lease of Furniture Between Sublessor and Sublessee of Office Lease Agreement

• Category: Leases - Office
• State: Multi-State
• Control #: US-0842BG
• Format: Word; Rich Text

Description

According to Article 2A of the Uniform Commercial Code, personal property leases requiring total payments of $1,000 or more are not enforceable unless there is a writing, signed either by the party against whom enforcement is sought or by that party's authorized agent. The writing must sufficiently indicate that a lease contract has been made between the parties, and must contain a description of the goods leased, and the term of the lease. A description of the goods to be leased or the lease term is sufficient if it reasonably identifies what is described. Article 2A also contains provisions regarding the inclusion of, and limitations on, express and implied warranties. Any promise or affirmation of fact by the lessor that is part of the basis of the bargain creates an express warranty that the goods will conform to the promise or affirmation. A description of goods made part of the basis of the bargain creates an express warranty that the goods will conform to the description, just as a sample or model made part of the basis of the bargain creates an express warranty that the goods will conform to the sample or model. It is unnecessary to use formal words in the lease agreement to create an express warranty, nor need the lessor have a specific intent to make a warranty. Such express warranties may be negated or limited through written provisions in the contract, but such language must be subject to reasonable interpretation to be effective. A Personal Property Lease of Furniture Between Sublessor and Sublessee of Office Lease Agreement is an agreement between two parties, the sublessor and the sublessee, to lease furniture and other personal property for an office space. Under this agreement, the sublessor agrees to provide the sublessee with the furniture and other personal property that is necessary for the use of the office. The sublessee agrees to pay a specified rental fee for the furniture and other items and to return them in the same condition that they were received. The agreement may specify different types of furniture and personal property that is to be leased, such as desks, chairs, filing cabinets, bookcases, computer equipment, and other office supplies. The agreement may also specify how long the lease will be in effect and the amount of the rental fee for the furniture and other items. The agreement should also include specific information about the condition of the furniture and other items, such as whether they were in good condition when received and how they were to be returned. Additionally, both parties should agree to indemnify each other against any damage, loss, or liability that may arise from the lease. The different types of Personal Property Lease of Furniture Between Sublessor and Sublessee of Office Lease Agreement include a full lease, a partial lease, and a sublease. A full lease is when the sublessor agrees to provide the sublessee with all the furniture and other personal property that is needed for the office. A partial lease is when the sublessor agrees to provide only certain items, such as certain types of furniture or office supplies. A sublease is when the sublessor agrees to lease the furniture and other items to a third party.

A Personal Property Lease of Furniture Between Sublessor and Sublessee of Office Lease Agreement is an agreement between two parties, the sublessor and the sublessee, to lease furniture and other personal property for an office space. Under this agreement, the sublessor agrees to provide the sublessee with the furniture and other personal property that is necessary for the use of the office. The sublessee agrees to pay a specified rental fee for the furniture and other items and to return them in the same condition that they were received. The agreement may specify different types of furniture and personal property that is to be leased, such as desks, chairs, filing cabinets, bookcases, computer equipment, and other office supplies. The agreement may also specify how long the lease will be in effect and the amount of the rental fee for the furniture and other items. The agreement should also include specific information about the condition of the furniture and other items, such as whether they were in good condition when received and how they were to be returned. Additionally, both parties should agree to indemnify each other against any damage, loss, or liability that may arise from the lease. The different types of Personal Property Lease of Furniture Between Sublessor and Sublessee of Office Lease Agreement include a full lease, a partial lease, and a sublease. A full lease is when the sublessor agrees to provide the sublessee with all the furniture and other personal property that is needed for the office. A partial lease is when the sublessor agrees to provide only certain items, such as certain types of furniture or office supplies. A sublease is when the sublessor agrees to lease the furniture and other items to a third party.