Warehouse Lease Agreement Template

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A warehouse lease is a crucial document to formalize the agreement between a warehouse owner and a tenant. Whether you're a landlord intending to lease your warehouse or a tenant planning to rent the property for business purposes, a warehouse lease template offers a dependable structure for outlining the terms of the lease transaction. Fill out this warehouse lease agreement form on Loio and get a customized PDF document in minutes.
WAREHOUSE LEASE AGREEMENT

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.

THE LESSOR

THE LESSEE

 ,

 , USA

 

____________________________________

(Place for signature)

 

 

 ,

 , USA 

 

______________________________________

(Place for signature)

 

 

Written by Karyna Pukaniuk - Reviewed by Jonathan McGill

Template Description

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Paper titled "Warehouse Lease"; men talking and standing near the warehouse

A warehouse lease is a crucial document to formalize the agreement between a warehouse owner and a tenant. Whether you're a landlord intending to lease your warehouse or a tenant planning to rent the property for business purposes, a warehouse lease template offers a dependable structure for outlining the terms of the lease transaction.

Through customizable warehouse agreement templates, such as those available from Loio, you can tailor your warehouse lease to fit your unique requirements while simultaneously ensuring legal compliance.

When To Use a Warehouse Lease Agreement

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You can use a warehouse lease in the following situations:

  • You own a warehouse and wish to lease it out to a business.
  • You are running a business that requires storage, distribution, or manufacturing space.
  • You're in a situation that requires delivering clear expectations and obligations in regard to the use and maintenance of a warehouse.

If you and the other party decide not to use a warehouse lease, you might risk losing certain legal protections or clarity in the terms of your arrangement.

Parties of the Warehouse Lease Agreement

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In a warehouse lease agreement, two principal parties are involved.

  • The lessor (property owner): This entity or individual has the warehouse space and holds the rights over the property. The lessor aims to maintain the value of their property while earning income through leasing. They must ensure the premises are in rentable condition, respect the tenant’s rights during the lease term, and follow the legal process for eviction proceedings. 

  • The lessee (tenant): This party seeks to rent the warehouse space for its business needs, including storage, distribution, or manufacturing. As the lessee, they are expected to uphold the terms of the lease agreement, which usually includes timely rent payments, using the space as agreed, and maintaining the condition of the warehouse. This involves refraining from misusing the property or causing unnecessary damage and informing the lessor about any necessary repairs or issues promptly.
  • Lease Term: This is the length of time for which the lease agreement is valid.
  • Rent: The payment details, including amounts, frequency, and dates.
  • Premises: This term defines the specific areas of the warehouse or property being leased.
  • Maintenance: The responsibilities of each party concerning the upkeep of the warehouse.
  • Default: Conditions under which the lease may be considered breached.

How To Write a Warehouse Lease Agreement

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Writing a warehouse lease form does not have to be a daunting task. With the right approach, you can streamline the process to suit your needs effectively. Below is a basic guide:

1. Identify the Parties

Clearly identify both parties involved: the landlord (property owner) and the tenant (party leasing the property). Include full legal names and contact information.

2. Describe the Property

Provide a comprehensive and detailed description of the warehouse property, including the location, size, and specific features of the leased space.

3. Set Lease Terms

Outline the length of the lease agreement (lease term), starting date, and end date. Specify the steps for renewal, if applicable.

4. Outline Rent Arrangements

Indicate the amount to be paid, the payment frequency, mode of payment, and when rent payments are due. Discuss any penalties or consequences for delayed or non-payment.

5. Maintenance & Repair Responsibilities

Define the obligations of both tenant and landlord concerning maintaining the warehouse, handling repairs, or damage cases. Be as detailed as possible to prevent disagreements.

6. Highlight Terms and Conditions

Include details about premises use restrictions, conflict resolution, insurance requirements, and other agreed-upon terms and conditions.

Remember, a warehouse lease is a binding legal agreement between you and the tenant. Utilizing a standard warehouse agreement template can ensure all areas are adequately covered, helping to avoid future misunderstandings and disputes.