make your free commercial lease with option to purchase

commercial real estate lease with option to purchase

this lease agreement (this "lease") is dated as of , by and between ("landlord"), and the following tenants:

(the "tenant")

subject to the terms and conditions stated below the parties agree as follows:

premises. landlord, in consideration of the lease payments provided in this lease, leases to tenant (the "premises") located at , , .

term. the lease term will begin on and will terminate on .

deposit amount. at the time of the signing of this lease, tenant shall pay to landlord, in trust, a deposit of .

the deposit shall be applied as follows:

security deposit: to be held and disbursed for tenant damages to the premises or other defaults under this agreement (if any) as provided by law.

nonrefundable option consideration:

lease payments. tenant shall pay to landlord lease payments shall be made to the landlord at , , , which address may be changed from time to time by the landlord.

possession. tenant shall be entitled to possession on the first day of the term of this lease, and shall yield possession to landlord on the last day of the term of this lease, unless otherwise agreed by both parties in writing. at the expiration of the term, tenant shall remove its goods and effects and peaceably yield up the premises to landlord in as good a condition as when delivered to tenant, ordinary wear and tear excepted.

property insurance. landlord shall be named as an additional insured in such policies. tenant shall deliver appropriate evidence to landlord as proof that adequate insurance is in force issued by companies reasonably satisfactory to landlord. landlord shall receive advance written notice from the insurer prior to any termination of such insurance policies. tenant shall also maintain any other insurance which landlord may reasonably require for the protection of landlord's interest in the premises. tenant is responsible for maintaining casualty insurance on its own property.

landlord's inability to supply or delay in supplying service or repair to tenant. the obligation of tenant to pay rent hereunder and to perform all other covenants shall not be excused because landlord is unable to supply, or is delayed in supplying, any service or repair to be supplied by landlord under the terms of this lease, when such inability or delay shall be due to accident, or to the extensiveness of the alterations or repairs desirable or necessary to be made, or to landlord's inability or difficulty in securing supplies or labor for the provision of such service, or to some other cause, rather than gross negligence on the part of landlord. no diminution or abatement of rent, or other compensation, shall be claimed or allowed for inconvenience or discomfort arising from the making of repairs or improvements to the building.

eminent domain. if the whole or any part of the leased premises shall be taken by eminent domain, the term of this lease shall terminate from the date title vests in the governmental authority. tenant shall have no claim against landlord for the value of any unexpired term of this lease. no part of any award shall belong to tenant

defaults. tenant shall be in default of this lease if tenant fails to fulfill any lease obligation or term by which tenant is bound. subject to any governing provisions of law to the contrary, if tenant fails to cure any financial obligation within days (or any other obligation within days) after written notice of such default is provided by landlord to tenant, landlord may take possession of the premises without further notice (to the extent permitted by law), and without prejudicing landlord's rights to damages. in the alternative, landlord may elect to cure any default and the cost of such action shall be added to tenant's financial obligations under this lease. tenant shall pay all costs, damages, and expenses (including reasonable attorney fees and expenses) suffered by landlord by reason of tenant's defaults. all sums of money or charges required to be paid by tenant under this lease shall be additional rent, whether or not such sums or charges are designated as "additional rent". the rights provided by this paragraph are cumulative in nature and are in addition to any other rights afforded by law.

cumulative rights. the rights of the parties under this lease are cumulative, and shall not be construed as exclusive unless otherwise required by law.

relationship of parties. landlord and tenant shall not be considered or deemed to be joint venturers or partners and neither shall have the power to bind or obligate the other except as set forth herein.

option to purchase. tenant, upon satisfactory performance of this lease, shall have the option to purchase the real property described herein for a purchase price of , provided that the tenant timely executes the option to purchase and is not in default of the lease agreement. thereafter, each of the parties shall promptly execute any and all further instructions or other documents including a sale agreement which may be reasonably required. for purchase of the real property.

notice required to exercise option. to exercise the option to purchase, the tenant must deliver to the landlord, a written notice of tenant's intent to purchase. in addition, the written notice must specify a valid closing date. the closing date must occur before the original expiration date of the lease agreement.

option consideration. nonrefundable option consideration paid by the tenant as consideration for this option to purchase agreement, shall be credited towards the purchase price at closing if the tenant timely exercises the option to purchase.

exclusivity of option. this option to purchase agreement is exclusive and non-assignable and exists solely for the benefit of the named parties above. should tenant attempt to assign, convey, delegate, or transfer this option to purchase without the landlord's express written permission, any such attempt shall be deemed null and void.

closing and settlement. tenant agrees that closing costs in their entirety, including any points, fees, and other charges required by the third-party lender, shall be the sole responsibility of tenant. the only expense related to closing costs apportioned to landlord shall be the pro-rated share of the ad valorem taxes due at the time of closing, for which landlord is solely responsible.

financing disclaimer. the parties acknowledge that it is impossible to predict the availability of obtaining financing towards the purchase of this property. obtaining financing shall not be held as a condition of performance of this option to purchase agreement. the parties further agree that this option to purchase agreement is not entered into in reliance upon any representation or warranty made by either party.

remedies upon default. if tenant defaults under this option to purchase agreement or the lease agreement, then in addition to any other remedies available to landlord at law or in equity, landlord may terminate this option to purchase by giving written notice of the termination. if terminated, the tenant shall lose entitlement to any refund of rent or option consideration. for this option to purchase agreement to be enforceable and effective, the tenant must comply with all terms and conditions of the lease agreement.

recording of agreement. tenant shall not record this option to purchase agreement on the public records of any public office without the express and written consent of landlord.

acknowledgments. the parties are executing this option to purchase agreement voluntarily and without any duress or undue influence. the parties have carefully read this option to purchase agreement and have asked any questions needed to understand its terms, consequences, and binding effect and fully understand them and have been given an executed copy.

governing law. this lease shall be construed in accordance with the laws of the state of .

entire agreement/amendment. this lease agreement contains the entire agreement of the parties and there are no other promises, conditions, understandings or other agreements, whether oral or written, relating to the subject matter of this lease. this lease may be modified or amended in writing, if the writing is signed by the party obligated under the amendment.

severability. if any portion of this lease shall be held to be invalid or unenforceable for any reason, the remaining provisions shall continue to be valid and enforceable. if a court finds that any provision of this lease is invalid or unenforceable, but that by limiting such provision, it would become valid and enforceable, then such provision shall be deemed to be written, construed, and enforced as so limited.

waiver. the failure of either party to enforce any provisions of this lease shall not be construed as a waiver or limitation of that party's right to subsequently enforce and compel strict compliance with every provision of this lease.

binding effect. the provisions of this lease shall be binding upon and inure to the benefit of both parties and their respective legal representatives, successors and assigns.

signatures and notice. this lease shall be signed by the following parties. no notice under this lease shall be deemed valid unless given or served in writing and forwarded by mail, postage prepaid, addressed to the parties below:

landlord:

,

tenant:

such addresses may be changed from time to time by either party by providing notice as set forth above. notices mailed in accordance with the above provisions shall be deemed received on the third day after posting.

tenant: