1. PARTIES
This Lease Agreement (“Lease”) made and entered into this ________ day of _________, 20_____, (the “Effective Date”) by and between _________________, a North Dakota corporation, with a principal office at ________________, North Dakota, (the “Landlord”), and _________________, a __________ corporation, with a principal office at ________________, North Dakota, (the “Tenant”).2. PREMISES
Landlord hereby leases to Tenant and Tenant hereby rents from Landlord the premises located at _____________, North Dakota (the “Premises”). The Premises will be used for _______________.3. TERM
The initial term of this Lease will begin on _______________, and will end on _______________. Thereafter, the Lease will continue on a month-to-month basis until and unless either Landlord or Tenant terminate this Lease with written notice.4. RENT
Tenant shall pay to Landlord the monthly rent of $__________, payable on the first day of each calendar month.5. SECURITY DEPOSIT
Upon the execution of this Lease, Tenant will deposit with Landlord the sum of $__________ as security for Tenant’s faithful performance of Tenant’s obligations under this Lease.6. REPAIR AND MAINTENANCE
Tenant will keep the Premises in clean, sanitary, and good condition. If any damage to the Premises is caused by Tenant or Tenant’s guests, Tenant will immediately notify the Landlord and will pay for any necessary repairs.7. INSURANCE
Tenant will maintain sufficient insurance to cover all personal property located on the Premises. Landlord will maintain insurance covering the building and real property.8. DEFAULT
If Tenant fails to comply with any of the material provisions of this Lease, or of any present rules and regulations governing the Premises, Landlord may terminate this Lease upon providing proper notice to Tenant.9. GOVERNING LAW
This Lease will be governed by and construed in accordance with the laws of the state of North Dakota.10. ENTIRE AGREEMENT
This Lease contains the complete agreement between Landlord and Tenant and cannot be changed except by written agreement.11. INDEMNIFICATION
Tenant will indemnify and hold Landlord harmless from and against any claims for damages to property or personal injury occurring on the Premises.LANDLORD:
_____________________________ (INSERT LANDLORD NAME) _____________________________ DateTENANT:
_____________________________ (INSERT TENANT NAME) _____________________________ Date This template is a general guide and may need adjusting to fit specific situations. It is always recommended to seek legal counsel before entering into any contractual agreements.Download Contract
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