Standard Commercial Lease Template Page 12
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15Attention:
22.1. Either party may change the address by written notice to the other. Notices
shall be effective when received (if personally delivered) or when deposited in the United States
Mail (if mailed by certified mail).
23.
RETURN OF PREMISES: At the termination of this Lease, LESSEE agrees to
deliver to LESSOR the Premises and all mechanical systems and all equipment and fixtures
thereon, in good working order and condition.
23.1 Should LESSEE fail to vacate the Premises at the termination of this Lease,
LESSEE shall pay for each day of the holdover period either (a) twice the then-applicable rent,
or (b) a current fair market rent for the Premises (as determined by LESSOR in its sole
judgment), whichever is higher. All the terms and provisions of this Lease shall continue to
apply. LESSEE will be a tenant at will during the holdover period. Nothing in this section shall
be a waiver of or preclude the exercise of LESSOR'S remedies for LESSEE'S default. Should
LESSEE'S holdover prevent LESSOR from fulfilling the terms of another lease, LESSEE shall
defend and indemnify LESSOR from all direct and consequential damages for which LESSOR
may be liable, or which LESSOR may suffer, as a result thereof.
24.
QUIET ENJOYMENT: Neither LESSOR nor LESSOR'S successors or assigns
will disturb LESSEE in its quiet enjoyment of the Premises.
25.
SIGNS: LESSEE shall not place any signs or advertisements on the Premises
without the written consent of LESSOR, which consent shall not be unreasonably withheld.
Within 120 days prior to the termination of any Lease term, LESSOR may display signs
advertising the rental of the Premises.
26.
INDEMNITY: LESSEE shall indemnify, defend and hold harmless LESSOR
from and against any and all damage, expense, claim, liability or loss, including reasonable
attorneys' fees, arising out of or in any way connected to any condition, occurrence or event
occurring on the Premises or arising out of any use of the Premises during the term of this Lease.
This duty to indemnify and defend shall include but shall not be limited to damages, costs,
liability, loss and expense including professional consultant, engineering or attorneys' fees
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