LEASE AGREEMENT
THIS LEASE AGREEMENT (“Lease”) made and entered into this ____________ (the “Effective Date”), by and between _________________________________(the “Landlord”), and ______________________________________(the “Tenant”). 1. PREMISES:Landlord hereby leases to Tenant and Tenant rents from Landlord the premises located at ________________. The premises will be used for the purpose of operating a gym or fitness center. 2. 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 either Landlord or Tenant terminate this Lease with written notice. 3. RENT:
Tenant agrees to pay _____________ per month, due on the 1st day of each calendar month. 4. SECURITY DEPOSIT:
Upon execution of this Lease, Tenant will deposit with Landlord the sum of ___________ as security for Tenant’s faithful performance of its obligations under this Lease. 5. USE OF PREMISES:
The premises will be used for the operation of a gym or fitness center, and no other purpose. 6. REPAIR AND MAINTENANCE:
Tenant will keep the premises in good repair and condition. 7. INSURANCE:
Tenant will maintain Commercial General Liability Insurance and Property Insurance on the premises. 8. COMPLIANCE WITH LAW:
Tenant will comply with all laws and rules affecting the premises. 9. DEFAULT:
If Tenant fails to comply with any of the material provisions of this Lease or of any present rules and regulations and procedures, Landlord may terminate this Lease upon providing proper notice to Tenant. 10. NOTICES:
Any notice required or permitted under this Lease or under state law shall be deemed sufficiently given or served if sent by United States certified mail, return receipt requested, addressed as follows: Landlord: __________ Tenant: _____________ 11. GOVERNING LAW:
This Lease shall be governed by and construed in accordance with the laws of the state of _____________. 12. ENTIRE AGREEMENT:
This Lease contains the complete agreement between Landlord and Tenant and cannot be changed except by written agreement. LANDLORD:
______________________________ TENANT:
______________________________ Date: ________________________ NOTE: State laws often dictate the terms and conditions of lease agreements and may provide additional requirements and protections for the parties. It is important to consult with a knowledgeable legal professional or trusted real estate agency in your state to ensure compliance with local laws. This template is provided as a general guide and may not be applicable in all situations. It does not constitute legal advice. Always consult with a professional for legal or professional advice.
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Other Useful Contracts
If you’ve found the Gym space lease agreement template useful, there are other templates you may also find beneficial. For instance, if you’re planning on expanding and branching out your gym business, check out the Commercial sublease agreement template . It covers all the crucial clauses needed when subleasing a property, ensuring that both parties’ rights and interests are protected.Aside from housing your gym business, maybe you’ve also thought about setting up a wellness center in an industrial park. If so, having a look at the Industrial park lease agreement template will be beneficial. This contract outlines the terms and conditions related to leasing an industrial park space, making the process seamless and avoiding potential disputes.
In line with wellness concept of your gym, you might also be considering to host special events or workshops to attract more clients. The Event space rental agreement template can make renting space for events much simpler and safer. It’s designed to protect both lessor and lessee by defining liabilities, payment terms, and obligations.
Lastly, for gyms that offer more than just workout spaces and also provide spa or salon services, the Spa and salon booth rental agreement template will prove to be useful. This contract serves as a legal document between the salon booth owner and the renter, effectively covering all areas from payment terms to cancellation policies.Your legal agreements are crucial in securing both businesses and relationships.