Prepared for:
Lessee : [Symbiosis Homes]
Created by:
Lessor : (Southview Property Services Ltd ]
This Partnership Lease Agreement is being entered into between [Lessor] (“ Southview Property Services Ltd ”) and [Lessee] (“Symbiosis Homes”) effective as of the following date — [Effective.Date]. Lessor hereby agrees to lease to Lessee, under the terms of this Partnership Lease Agreement, the property described herein, under the terms and conditions below.
The terms “ [Lessor] (“ Southview Property Services Ltd ”) and [Lessee] (“Symbiosis Homes”) ” are the technical legal names for the parties to this type of Partnership arrangement, also known as “Landlord” and “Tenant.”
LEASED PROPERTY: Approximately [Square.Footage] of rentable square feet commonly known as: Waris House, at the following address: [135-137 Church Lane, Handsworth, Birmingham, B20 2HJ] as shown in the property map attached as Exhibit A (“Leased Property”).
As this leased property is a building or complex with multiple units, attached plans and map to the lease itself.
Property use:
The reason for designating use is to ensure compliance with zoning regulations, and also to make sure that the commercial property is properly equipped for the business use.
LEASE TERM: This lease will commence on [Commencement.Date] (the “Commencement Date”) and, unless terminated early or extended in accordance with this Partnership Lease Agreement, end on [Ending.Date] (the “Termination Date”).
Base Rent: [Amount] per month determined by Room Rent as occupied.
Partnership lease agreements for shared properties usually consist of a flat base rent plus a portion of monthly operating expenses for the common areas and other building or complex operations which is variable. Both should be specifically identified here, then explained in more detail in the terms following.
PROPORTIONATE SHARE OF OPERATING EXPENSES: Lessor will be responsible for payment of [Percent] percent of monthly operating expenses as described in this Partnership Lease Agreement. The current estimate for these expenses is £[Amount] per month, but is subject to the conditions of this Agreement.
NOTICES and CONTACT INFORMATION:
LESSOR
LESSOR PAYMENT NAME: Southview Property Services Ltd
LESSOR PAYMENT ADDRESS:
CITY:
COUNTRY:
LESSOR CONTACT NAME: Southview Property Services Ltd
ADDRESS:
CITY:
COUNTRY:
PHONE:
EMAIL:
LESSEE
LESSEE CONTACT NAME: Symbiosis Homes
LESSEE PRIOR ADDRESS:
CITY:
COUNTRY:
PHONE:
EMAIL:
STANDARD TERMS AND CONDITIONS
1. Condition of Property. The Leased Property is leased “as is.” Lessee acknowledges that neither Lessor nor any agent of Lessor has made any representation or warranty regarding the condition of the Leased Property. By taking possession, Lessee agrees that the Leased Property is in good order and satisfactory condition. (please see inventory and photographs). The square footage set forth in this Partnership Lease Agreement is approximate and agreed to by the Parties.
2. Legal Compliance. Lessee, at its sole expense, agrees to comply with all UK and local laws, codes, ordinances, statutes, rules, regulations, and other legal requirements (including covenants and restrictions) applicable to the Leased Property. In the event that as a result of Lessee’s use, or intended use, of the Leased Property, with UK Disabilities Act or any other Law requires modifications or the construction or installation of improvements in or to the Leased Property and/or common areas of the Property, the parties agree that such modifications, construction or improvements shall be made at Lessor expense. (Insurances from Southview Property Services Ltd).
3. “Common Areas” Defined. “Common areas” referred to in this Commercial Lease Agreement means lobbies, windows, stairways, air shafts, elevators, escalators, restrooms, driveways, entrances, parking spaces, parking areas, loading and unloading areas, ingress, egress, the direction of traffic, landscaped areas, walkways and utility raceways, that have common use with other tenants of the property. Lessor has exclusive control and management of the Common Areas and may, in Lessor’s sole discretion, from time to time, (a) make changes to the Common Areas; (b) temporarily close any of the Common Areas for maintenance purposes so long as reasonable access to the Leased Property remains available; (c) or make other changes to the Common Areas as Lessor may, in the exercise of sound business judgment, deem appropriate.
4. Base Rent. On or before the first day of each month of the lease term, Lessee will pay to Lessor the Base Rent for such month. Monthly rent for the initial partial month of the lease term will be prorated. All sums and other charges payable by Lessee to Lessor in this Commercial Lease Agreement will be deemed rent. Base Rent and all other amounts required to be paid by Lessee will be paid without deduction or offset and without prior notice or demand. All such amounts shall be paid to Lessor at the address designated above, and will be treated as paid upon receipt by Lessor.
Base Rent (prorated):
Base Rent (first month):
Additional Rent:
Security Deposit:
5. Use of Leased Property. The Leased Property will be used and occupied only for the property use identified above. Lessee will not use or permit the use of the Leased Property in a manner that is unlawful or conflicts with or is prohibited by the terms and conditions of this Lease or any Rules and Regulations attached hereto as Appendix B, that diminishes the appearance or aesthetic quality of any part of the Leased Property or Common Areas, creates waste or a nuisance, or causes damage to the Leased Property or Common Areas. Lessee shall not permit any objectionable or unpleasant odors, smoke, dust, gas, noise or vibrations to emanate from the Leased Property nor take or permit any other action in the Leased Property that would endanger, annoy, or interfere with the operations of, Lessor or any other Lessee of the Property. Any animals, excepting guide dogs, on or about the Property or any part thereof are expressly prohibited.
6. Hazardous Materials. “Hazardous Materials” means any substance commonly referred to, or defined in any Law, as a hazardous material or hazardous substance (or other similar term), including but not be limited to, chemicals, solvents, petroleum products, flammable materials, explosives, asbestos, urea formaldehyde, PCB’s, chlorofluorocarbons, freon or radioactive materials. Lessee will not cause or permit any Hazardous Materials to be brought upon, kept, stored, discharged, released or used in or around the Leased Property without prior written consent of Lessor. Excluded from this provision are small amounts of Hazardous Materials (such as cleaning products and copy toner) which are readily available to Lessee by unregulated retail purchase if the same are necessary in Lessee’s normal business operations.
7. Parking. Lessee and its employees, agents, and guests will comply with the terms and conditions of this Lease and applicable Rules and Regulations. Lessee will have a non-exclusive privilege on a “first-come, first-served” basis to reasonable use of the building’s parking spaces designated by Lessor for public parking. The parking privileges granted to Lessee are personal to Lessee; Lessee shall not assign or sublet parking privileges.
8. Utilities and Services. Lessee agrees to make all arrangements for, and to pay directly all costs of, utility services supplied to the Leased Property, including but not limited to, water, gas, heat, light, power, telephone, internet, and sewer. In the event it is not possible for Lessee to obtain separate utility and/or other services, or if Lessor, in its sole discretion, elects to provide any such utility and/or other services to Lessee, such utility and/or other services may, at Lessor’s discretion, be obtained in Lessor’s name, and Lessee will pay Lessor, as Additional Rent, the cost of any utility services provided by Lessor either: (a) through inclusion in monthly operating expenses; (b) by a separate charge payable by Lessee to Lessor; or (c) by a separate charge billed by the applicable utility company and payable directly by Lessee. Lessor reserves the right to separately meter any such service at Lessee’s expense at any time during the Term.
9. Lessee Improvements. Any improvements to be constructed in the Leased Property by Lessee prior to Lessee initially commencing use of the Leased Property, or during the term of this Partnership Lease Agreement, become part of the realty and belong to Lessor.
10. Repairs. Lessee will, at all times keep all parts of the Leased Property in good order and condition. The Lessor is required to perform maintenance or repairs, Lessor shall have the right, without waiver of right or remedy, to perform such obligations of Lessee on Lessee’s behalf.
11. Insurance. Lessee shall maintain the following insurance during the term of this Partnership Lease Agreement: Commercial General Liability Insurance applicable to the Leased Property and its appurtenances providing, on an occurrence basis, a minimum of £[Amount], and not less than £Amount] in the annual aggregate, covering third-party bodily injury, property damage, and personal injury. Defense costs will be in addition to the limit of liability. A combination of a General Liability policy and an umbrella policy or excess liability policy may be used to satisfy this limit. Such insurance, or self-insured retention, will have a deductible no greater than £[Amount]. Concurrent with execution of this Partnership Lease Agreement Lessee will provide Lessor with a copy of proof of such insurance, and any expiration, cancellation or change will require prompt notification to Lessor and rectification of any deficiency in insurance coverage by Lessee. Lessor will be named as additional insured on this insurance policy.
Force Majeure. Lessor will not be deemed in breach of this Lease or have liability to Lessee, because of Lessor’s failure to perform any of its obligations under this Lease if the failure is due in part or in full to strikes, acts of God, shortages of labor or materials, war, terrorist acts, civil disturbances and other causes beyond Lessor’s reasonable control. If this Lease specifies a time period for performance of an obligation by Lessor, that time period will be extended by the period of any delay in Lessor’s performance caused by such Force Majeure events as described herein.
12. Lessor’s Access. Lessor, its agents, contractors, and employees, have the right to enter the Leased Property at any time in the case of an emergency, and otherwise at reasonable times and with reasonable advance notice to Lessee to examine the Leased Property, perform work in the Leased Property, inspect any Lessee Alterations and/or any Lessee Improvements, show the Leased Property, exercise any right or remedy, or for any other purpose.
13. Assignment and Subletting. Lessee will not be permitted to assign, sell, convey, or sublet the Lease Property to any other party without first obtaining written consent by the Lessor, which consent will not be unreasonably withheld. Lessor will be permitted to assign this Partnership Lease Agreement to another person or entity with 30 days advance written notice to Lessee, provided such assignment will not materially affect Lessor’s rights and obligations under this Partnership Lease Agreement.
14. Default. Time is of the essence in the performance of all terms of this Partnership Lease Agreement. Lessee’s failure to comply with or perform any of the terms or conditions or Rules and Regulations under this lease will be considered a default and grounds for early termination of the lease. This includes, but is not limited to, failure to timely pay Base Rent, Additional Rent, or any other monetary payments due to Lessor. This Partnership Lease Agreement will also be considered in default if Lessor discovers that any representation made by Lessee was materially false.
15. Termination. Upon expiration or termination of this Lease, Lessee agrees to remove all of its personal property from the Leased Property and return the Leased Property, and all keys, access cards, or any other similar items, to Lessor in the same condition as received by Lessee (excepting normal wear and tear). If Lessee abandons, vacates, or surrenders the Leased Property, or is evicted by process of law, or otherwise, any personal property belonging to Lessee left in or about the Leased Property will, at the option of Lessor, be deemed abandoned and may be disposed of by Lessor at the expense and risk of Lessee.
16. Entire Agreement. This Partnership Lease Agreement represents the entire set of terms and conditions with respect to the subject lease between Lessor and Lessee and can only be modified in writing agreed to and signed by both parties.
[ Southview Property Services Ltd ]
Signature
MM/DD/YYYY
[Sender.FirstName][Sender.LastName]
[Symbiosis Homes]
Signature
MM/DD/YYYY
[Client.FirstName][Client.LastName]
APPENDIX A
RULES AND REGULATIONS
Lessor reserves the right to make such other and reasonable rules and regulations as in its judgment may from time to time be needed for safety and security, for care and cleanliness of the Building and the Project and for the preservation of good order therein. Lessee agrees to abide by all such Rules and Regulations herein stated and any additional rules and regulations which are adopted.
RULES AND REGULATIONS This is where to include things like hours of operation, signage allowed, and other property-specific details regarding use.