Fillable Standard Commercial Lease Template (Page 8 of 15) in pdf

Standard Commercial Lease Template Page 8

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improvements, alterations or additions to the Premises, other than trade fixtures, shall be

removed without LESSOR’s prior written consent, which consent shall not unreasonably be

withheld. LESSEE shall repair all damage caused by any removal of any trade or other fixtures

or additions. Notwithstanding the foregoing or anything else to the contrary, LESSEE shall not

be permitted to place any underground storage tanks on or under the Premises.

14.

ASSIGNMENT OR SUBLEASE: LESSEE shall not assign this Lease, sublease

the Premises, or allow anyone else to use or occupy any part of the Premises, without LESSOR'S

prior written consent, which consent shall not unreasonably be withheld. LESSOR may assign

this Lease to any subsequent purchaser of the Premises, and upon such assignment shall be

released from all rights and obligations under this Lease.

15.

INSPECTION: LESSOR and its agents may enter the Premises at reasonable

hours to examine the same and do anything required of LESSOR by this Lease. During the last

120 days of the Lease term, LESSOR may display a "For Rent" sign on the Premises, and show

the Premises to prospective tenants.

16.

LESSEE'S PERSONALTY: LESSOR shall not be liable for any loss or damage

to any of LESSEE'S merchandise, personalty or other property on or about the Premises, or for

any lost profits of or consequential damage to LESSEE, regardless of the cause of the loss or

damage. LESSEE shall be responsible for any taxes or assessments made against LESSEE'S

personal property, and shall defend and indemnify LESSOR against the same.

17.

EMINENT DOMAIN: If any substantial part of the Premises (affecting

LESSEE'S operations) is taken under the power of eminent domain, conveyed in lieu of

condemnation, or acquired for any public or quasi-public use, this Lease may be terminated by

either party. The parties shall make their individual claims for the award, which shall be

distributed according to law.

18.

DAMAGE BY CASUALTY: If a substantial part of the Premises is so damaged

by fire or other casualty that the Premises are totally untenantable, LESSOR may at its sole

option terminate this Lease. If the Lease is so cancelled, rent shall be paid only to the date of

cancellation and LESSEE shall promptly surrender the Premises to LESSOR.

18.1. If LESSOR does not elect to terminate this Lease in case of total

Standard Commercial Lease Template Page 8

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