LEASE
Imperial Building 2nd Floor, Suite By Suite
Actual terms may vary
This lease, hereinafter made by and between Great Knights, Inc., hereinafter designated as "Landlord" and ________________________________________________, hereinafter designated as "Tenant".
WITNESSETH:
The Landlord, in consideration of the rent specified herein to be paid by said Tenant and the other covenants, agreements and conditions hereinafter contained to be kept, performed and observed by said Tenant does hereby lease to said Tenant the premisis known as Suite__________________ on the 2nd floor of 501 Prince George Street (the Imperial Building), in Williamsburg, Virginia. The term shall begin on ____________________ at noon and end on _____________________ at noon.
The Tenant, in consideration of the demised and of the covenants and agreements made herein by said Landlord, leases said premises for the term and does hereby promise to pay to the Landlord, his representatives, and assigns as rental for said premises the rate of $__________per month, due and payable on or before the first of each month. Said rent is to be delivered to Landlord's office.
The Tenant covenants and agrees with the Landlord:
1. To pay and deliver to the Landlord the rental rate on or before the first of each month. A $50.00 late fee will be charged for all rents paid late.
2. That the Tenant shall not and may not assign, transfer, or sublease the premises without first obtaining written consent of the Landlord.
3. That the tenant will make a deposit (at time of signing lease) in the amount of $_________ to be held by the Landlord and shall be refunded within 30 days of Tenant vacating the demised in CLEAN and GOOD condition, without interest.
4. The Tenant accepts said premises, fixtures and appliances in their present condition and Tenant agrees to keep said premises, fixtures and appliances fully functioning in good order and in a clean, safe and sanitary condition; to obey all laws and ordinances affecting said premises, fixtures and appliances; to repay the Landlord, (or forfeit all or part of the deposit stated in covenant #3) for the cost of repairs made necessary by the destructive, negligent, or careless use of said premises, fixtures, appliances and improvements made thereto; and to surrender the premises, fixtures, appliances and improvements made thereto at the termination of the rental term; reasonable wear anticipated. If amount of repairs exceeds the amount of the deposit and legal remedies are necessary it shall be so. Tenant has (or will upon occupying demised) inspected the battery opperated smoke detecotors (if any) and stipulates that they are functioning and Tenant will maintain batteries in smoke detectors. A $100.00 minimum fee shall be charged for any early termination of this lease plus any expenses or damages to landlord.
5. That the Landlord shall NOT be liable for any injury or damage to the person or property of the Tenant, or any other person irrespective of the cause, unless gross negligence on the part of the Landlord is proven. Tenant is encouraged to purchase "renters insurance", such decision is however at Tenant's option.
6. To conduct no illegal activity on the premises.
7. That the Landlord may inspect the premises with 24 hours notice to the Tenant, or when the Landlord believes the premises is endangered without notice. Landlord may show premises to others at reasonable times and with notice when possible. For the purposes of this paragraph notice may be verbal, personal, via telephone, email or posted.
8. That the Landlord may re-enter and occupy the demises for the breach of any covenant herein contained upon the Tenants failure to remedy to the breach within 10 days after notice from Landlord or if Tenant shall be in default for 10 days in payment of rent.
9. Landlord is responsible for Gas, Water, Electric, basic repairs, maintenance and up-keep of the Exterior of the building. The Landlord reserves the right to determine the necessity of any repairs for which he may be responsible. Tenant cannot obligate Landlord in any way for repairs, goods, or services. Effective May 1, 2005 or soon thereafter, the Landlord shall also provide internet and cable to leased the space.
10. In case of partial destruction or injury to the demised by fire, the elements or other casualty not related to the Tenant’s action or lack thereof, the Landlord shall repair the same with reasonable dispatch after notice to him of such destruction or damage. In the event that the building(s) becomes totally unfit for the purpose of which this lease was made, due to the aforementioned causes and the Landlord decides not to rebuild, the term hereby granted shall cease and rent shall be paid up to the time the demised cannot be used for the intended purpose.
11. Any improvements made to the demised become the property of the Landlord at the time they are made. The replacing of locks or addition of any lock(s) to the demised is not allowed without first obtaining Landlord’s approval. No structural or design changes are allowed by Tenant. The Landlord reserves the right to make improvements to the demised so long as they do not significantly interfere with the Tenant's use thereof.
12. This lease shall renew automatically on a month-to-month basis at the expiration of the initial term unless either party hereto notifies the other at least 30 days prior to the expiration of his intent not to renew. A minimum of one full month's notice shall be given, if either part intends not to renew said lease. If this month-to-month lease takes place there will be a 10% increase in the rent starting with the first month of automatic renewal.
13. Landlord shall have common areas cleaned monthly but in between said cleanings Tenant will share equally in the responsibility for keepin gthe common areas of the building clean. Such comman areas include, but are not limited to, the halls and bathrooms. Tenant shall also keep their space and common areas clean and presentale, so as not to leave an unfavorable impression on any guest of the Landlord.
14. Tenant is to use the demised for offices and if at any time the Tenant's occupancy disrupts the Landlord's business, the Landlord may require the Tenant to remedy the situation or vacate the property.
15. No smoking is permitted inside the building, or outside the building in such a manner as to allow the smoke back into the building.
16. If a Virginia Court finds it necessary to sever a part of this lease to save the bulk than it shall be so. Tenant shall bear cost of collections, and reasonable legal fees to the extent permitted by law.
Any notice by the Landlord to the Tenant, or by the Tenant to the Landlord may be given and shall be deemed to have been duly given if either delivered personally or sent by certified mail, addresses as the case may be:
To the Tenant at the leased premises.
To the Landlord at its office, 1005 Richmond Road, Williamsburg, VA 23185
IN WITNESS WHEREOF, the Landlord and the Tenant have executed this lease in duplicate as of the day and year first above written.
_____________________________
Tenant
_____________________________
Date
(_____)______-___________
______________________________
Great Knights, Inc., Landlord
_____________________________
Date
(757) 220-3735