This is a commercial lease form for leasing a building for any use, such as a dance studio. This lease is very detailed and includes provisions addressing the areas of lease term, payment of rent, later charges, utilities, condition of premises, security deposits, default, termination, right of re-entry, holdover, and many other legal clauses. Make changes to suit your needs and agreement with your lessee.
West Virginia Sample Lease for Dance or other Studio
Category:
State:
Multi-State
Control #:
US-0787-WG
Format:
Word;
Rich Text
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How to fill out Sample Lease For Dance Or Other Studio?
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FAQ
A lease is a contract outlining the terms under which one party agrees to rent an assetin this case, propertyowned by another party. It guarantees the lessee, also known as the tenant, use of the property and guarantees the lessor (the property owner or landlord) regular payments for a specified period in exchange.
A lease schedule is a document which is attached to a master lease agreement. Its primary function is to show when the lease payments are due and in what amounts, although it may include other information such as a detailed description of the property, right or object being leased and other terms.
A hotel lease is an agreement between the owner of a hotel property (landlord) and the hotel operator (tenant) where the operator rents a hotel property and uses it to run its hotel business. The landlord will not control the property's operation and will bear no risk or liability for the hotel business.
A lease is an implied or written agreement specifying the conditions under which a lessor accepts to let out a property to be used by a lessee. The agreement promises the lessee use of the property for an agreed length of time while the owner is assured consistent payment over the agreed period.
100% Lease-up means that all Rental Units have been leased to income certified tenants and that leases have been completed and executed on or before a date to be agreed upon by the Owner and the Agent and specified in the Property Management Plan as set forth in Exhibit F.
Lease Reserve means, for each leased facility of each Borrower where any Collateral or any records relating to Collateral is located and as to which Borrowers have not delivered to Lender a landlord agreement reasonably satisfactory to Lender, a reserve in an amount equal to one months rent owing under the lease for
Reading and understanding your lease is the first step to being a good renter and having a positive experience with your new home. First and foremost, you need to understand that your lease is a binding, legal agreement between you and your landlord. It states what is expected on both sides.
Use of the Leased Premises: In a net lease, the leased premises is usually used by a tenant to operate a business like a retail store or an office. In a ground lease, the tenant's aim is to develop a project on the vacant land. Once complete, they will sublease the completed space to end tenants.
On the one hand, within a lease, the lessor is paid without making any outlay to the lessor; in a management contract, that arrangement is flipped, but the owner, now, benefits the most financially for a well-run operation.
A written lease agreement must contain:The names and addresses of both parties;The description of the property;The rental amount and reasonable escalation;The frequency of rental payments, i.e. monthly;The amount of the deposit;The lease period;The notice period for termination of contract;More items...
