Warehouse Lease Agreement Template
This Warehouse Lease Agreement (the "Agreement") is entered into on (the "Effective Date") by and between
, an individual having their usual place of living at (the "Lessor"), and
, an individual having their usual place of living at (the "Lessee"), collectively referred to as the "Parties" and individually as the "Party".
WHEREAS the Lessor and the Lessee have agreed to enter into this Agreement, which regulates the terms and conditions of the lease of the warehouse.
NOW, THEREFORE, in consideration of the mutual promises and obligations and upon other valuable considerations, the receipt and sufficiency of which are hereby acknowledged, the Parties have agreed as follows:
SUBJECT OF THE AGREEMENT. This Agreement pertains to the lease of the warehouse (the "Warehouse"), which is described as follows:
• Description:
• Size: sq. ft.
• Location:
• Other:
LEASE TERM. The first day of the lease shall be (the "Start Date"), and the lease shall continue till (the "End Date") (collectively referred to as the "Lease Term") unless terminated earlier as provided herein.
The sublease of the Warehouse by the Lessee is allowed without obtaining prior written consent from the Lessor.
PAYMENT PROCEDURE. The Lessee agrees to pay the full lease amount of (the "Lease Fee") on or before (the "Due Date").
Deposit. The Lessee shall provide the Lessor with a security deposit of (the "Security Deposit") within days after the Effective Date. The Security Deposit shall be returned to the Lessee within days following the expiration or termination of this Agreement, provided that the Lessee has complied with all of its terms and conditions. The Security Deposit shall be returned in full, except for any deductions related to the unpaid lease, damage beyond normal wear and tear, or any other amounts payable to the Lessor under this Agreement. The deductions shall be documented and communicated to the Lessee along with the return of the Security Deposit.
Late payment. If the Lessee fails to make a payment in full by the Due Date, a late fee of % of the overdue amount per day (the "Late Fee") should be charged.
All payments shall be made by cash.
USE OF THE WAREHOUSE. The Lessee shall use the Warehouse solely for the purpose of and shall not employ the Warehouse for any other purpose without obtaining prior written consent from the Lessor.
The Lessee shall not use the Warehouse for any illegal purposes, including but not limited to storage of ammunition, fireworks, and illegal substances, as well as the storage of stolen property or other prohibited substances. The Lessee shall comply with all applicable laws, rules, and regulations regarding the use and occupation of the Warehouse.
The Lessee shall not have the right to store hazardous, toxic, flammable, explosive, or otherwise dangerous materials in the Warehouse.
The Lessee shall keep the Warehouse clean and free of debris. The Lessee shall not be entitled to make any changes or modifications to the Warehouse without obtaining prior written consent from the Lessor.
Any violation of the terms of this clause may lead to the termination of this Agreement and eviction from the Warehouse.
The Lessor is entitled to enter the Warehouse for inspection, current repairs, and other necessary purposes upon receiving prior consent from the Lessee.
SECURITY. The Lessor shall provide adequate security measures for the Warehouse. The Lessee shall take reasonable actions to ensure the safety of the Warehouse and its stored property, including locking the Warehouse and not passing the access code or key to others. The Lessee shall be solely responsible for ensuring the safety of the stored property and taking all necessary measures to prevent theft, damage, or unauthorized access.
In case of a security breach or theft, the Lessee shall immediately notify the Lessor and the relevant law enforcement authorities.
LIABILITY AND DAMAGES. The Lessee shall be liable for any damages that result from the Lessee's negligence or willful misconduct, including but not limited to damage to the Warehouse, the Lessor's property, or the property of other lessees.
Each Party shall indemnify, defend, and hold harmless the other Party, the Party's affiliates, agents, employees, and officers from any claims, damages, losses, liabilities, costs, and expenses, including reasonable attorneys' fees, resulting from or related to the use of the Warehouse or storage of its property, except for claims, damages, losses, liabilities, costs, or expenses caused by the other Party's negligence or willful misconduct.
The Lessor shall not be liable for any loss, damage, or theft of the Lessee's property unless it results from the Lessor's negligence or intentional actions.
MAINTENANCE. The shall be responsible for maintaining the exterior of the Warehouse, including the roof, walls, doors, and windows.
The Lessee shall be responsible for maintaining the interior of the Warehouse, including its cleanliness and proper waste disposal. The Lessee shall not be entitled to make any changes or modifications to the Warehouse without obtaining prior written consent from the Lessor. The Lessee shall immediately notify the Lessor in writing of any damages or repair requirements.
TERM AND TERMINATION. This Agreement shall commence on the Effective Date and shall continue until the End Date but not before the Parties fulfill their obligations under the Agreement unless terminated earlier following the terms of this Agreement.
Either Party may terminate this Agreement without reason by giving the other Party days prior written notice. Either Party has the right to terminate this Agreement if the other Party does not adhere to the terms of this Agreement. In addition, either Party may terminate this Agreement immediately upon written notice to the other Party if the other Party becomes insolvent or files for bankruptcy.
Either Party may terminate this Agreement due to the sale of the Warehouse upon days prior written notice to another Party.
Upon termination of this Agreement, the Lessee shall vacate the Warehouse and return it to the Lessor in good condition, except for reasonable wear and tear, on or before the End Date.
The Lessee shall have the right to terminate the Agreement if the Lessor fails to transfer access to the Warehouse before the Start Date unless such failure results from circumstances beyond the Lessor's control. In such a case, the Lessor shall reimburse the Lessee for all payments made before the Start Date. In any case, the Lease Fee should be charged only for the days of factual use of the Warehouse by the Lessee.
Upon termination of this Agreement, the Lessee shall pay the Lessor for all days of actual use of the Warehouse.
NOTICE. Any notice or communication required or permitted under this Agreement shall be sufficiently given if delivered personally or by certified mail, return receipt requested, to the address outlined in the opening paragraph or to such other address as one Party may have furnished to the other in writing, or to emails set forth below:
If to the Lessor: ;
If to the Lessee: .
FORCE MAJEURE. Neither Party shall be liable for any failure to perform or delay in performing the obligations under this Agreement if such failure or delay is caused by events of force majeure, including but not limited to acts of God, war, terrorism, strikes, lockouts, labor disputes, pandemics, epidemics, governmental regulations, or any other similar causes beyond the reasonable control of the affected Party.
In the case of force majeure, the affected Party shall immediately notify the other Party in writing and provide reasonable proof of the cause of the delay or inability to perform the obligations. The Party affected by force majeure shall endeavor to mitigate the consequences of such circumstances and resume the performance of obligations as soon as possible after the circumstances cease to exist.
If the force majeure circumstances last more than days, either Party may terminate this Agreement by giving written notice to the other Party. In this case, neither Party shall be liable to the other Party for any damages arising from the termination of this Agreement.
CONFIDENTIALITY. The Parties agree to keep all information disclosed during this Agreement confidential and not to share such information with any third party unless required by law. The Parties agree not to use the confidential information for any purpose other than what is necessary to fulfill their obligations under this Agreement.
This confidentiality clause shall remain in effect after the termination or expiration of this Agreement.
GOVERNING LAW AND DISPUTE RESOLUTION. This Agreement shall be governed by and interpreted following the laws of the State of , and any disputes resulting from or related to this Agreement shall be exclusively resolved by the courts of the State of .
SEVERABILITY. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement.
ASSIGNMENT. Neither Party may assign or transfer this Agreement without obtaining prior written consent from the non-assigning Party, which approval shall not be unreasonably withheld.
ENTIRE AGREEMENT. This Agreement constitutes the entire understanding between the Parties for the subject matter hereof, superseding any prior agreements and communications, both written and oral, regarding such subject matter.
WAIVER. The failure of any Party to enforce a particular provision of this Agreement shall not constitute a waiver of their right to enforce that provision in the future.
AMENDMENTS. This Agreement may only be modified, or any rights under it waived, by a written document executed by both Parties.
BINDING EFFECT. This Agreement shall be binding for the Parties and their respective permitted successors and assigns.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date.
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THE LESSOR |
THE LESSEE |
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, , USA
____________________________________ (Place for signature)
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, , USA
______________________________________ (Place for signature)
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