Fillable Standard Commercial Lease Template (Page 10 of 15) in pdf

Standard Commercial Lease Template Page 10

Download a blank fillable Standard Commercial Lease Template in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Standard Commercial Lease Template with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

Lease or any other agreement between the parties proves to have been false in any

material respect when made or furnished.

20.1.3. LESSEE is dissolved or its existence terminated; LESSEE

becomes insolvent, its business fails, or a receiver is appointed for any of LESSEE'S

property; LESSEE is generally not paying its debts as they become due; or LESSEE

makes an assignment for the benefit of its creditors or is the subject of any voluntary or

involuntary bankruptcy or insolvency proceeding.

20.1.4. Any of the occurrences set forth in Section 20.1.3. of this Lease

above occurs with respect to any guarantor or surety of LESSEE'S obligations.

20.1.5. LESSEE abandons the Premises, or the Premises or LESSEE'S

leasehold interest in the Premises are attached or taken under any court order or writ of

execution.

20.2. If LESSEE defaults, LESSOR may enforce its rights by an action for rent

and possession, unlawful detainer, or other legal remedy. LESSEE agrees that, notwithstanding

LESSOR'S possession of the Premises, LESSEE shall remain liable for and shall pay LESSOR

an amount equal to the entire rent payable to the end of the then-applicable term of this Lease.

This amount may either (a) be accelerated and become payable at once, or (b) become due and

be payable monthly, at the sole option of LESSOR. In addition, LESSEE shall be liable for and

shall pay to LESSOR any loss or deficiency sustained by LESSOR because of LESSEE'S

default.

20.3. Notwithstanding LESSOR'S re-entry and possession of the Premises,

LESSOR, upon LESSEE'S default, shall have the right, without notice to LESSEE, and without

terminating this Lease, to make alterations and repairs for the purpose of reletting the Premises.

LESSOR may relet or attempt to relet the Premises or any part of the Premises for the remainder

of the then-applicable Lease term or for any longer or shorter period as opportunity may offer, to

such persons and at such rent as may be obtained. Nothing in this Lease shall require LESSOR to

relet or make any attempt to relet the Premises, and any reletting shall be done by LESSOR as

agent for LESSEE. In case the Premises are relet, LESSEE shall pay the difference between the

amount of rent payable during the remainder of the term and the net rent actually received by

LESSOR during the term after deducting all expenses for repairs, alterations, recovering

Standard Commercial Lease Template Page 10

Related Articles

Related forms

Related Categories