Lampson Brook Farm Sub-Lease Agreement (Template) Page 2

ADVERTISEMENT

5. Operation and Maintenance of the Sub-leasehold
Sub-lessee shall operate and maintain the sub-leasehold in accordance with provisions of Lampson Brook Farm
Stewardship Standards, attached hereto and made a part of this Agreement as Exhibit E.
6. Ownership of Improvements
Ownership of Sub-lessee’s improvements to the site shall reside with Sub-lessee throughout the sub-lease term
and any renewal.
7. Liability and Indemnification
Sub-lessee shall carry and provide Lessee with evidence of comprehensive liability insurance with a minimum
coverage of $ ___________. Said insurance shall be in place prior to the conduct of any on-site activity; a
binder providing evidence of such coverage shall be attached hereto and made a part of this Agreement as
Exhibit F. Sub-lessee accepts sub-leasehold in as-is condition, and shall hold Lessee and Landlord harmless
concerning Sub-lessee’s utilization of the sub-leasehold, in accordance with the provisions of the Waiver of
Liability attached hereto and made a part of this Agreement as Exhibit G.
8. Annual Reporting and Review
Sub-lessee agrees to submit an annual report, due on or by March 1 of the following year, and to review such
report with Lessee, as provided in Attachment A, Section I.
9. Access
Lessee reserves the right to access the sub-leasehold for the purposes of inspection with prior notification to
Sub-lessee.
10. Revisions to this Agreement
With the exception of provisions of the master lease, revisions to this Agreement may be made by mutual
consent. All such revisions shall be made in writing and signed by both parties. Enterprise Plan revisions shall
be made a part of this Agreement as provided in Exhibit A, Section II. Plan of Land/Site Use Plan revisions
shall be made a part of the Agreement as provided in Exhibit A, Section II or through notarized amendment to
Exhibit B.
11. Termination
Sub-lessee’s failure to abide by all terms and conditions of this Agreement, including the terms and conditions
of the master lease, shall result in default and termination of this Agreement if the default is not reversible and
timely cured. Upon such termination, or upon expiration of the sub-lease term or any renewal, Sub-lessee shall
immediately remove all moveable assets and personalty from the sub-leasehold unless otherwise agreed in
writing by Lessee.
AGREED to this _________________ day of _________________, 20____.
NEW ENGLAND SMALL FARM INSTITUTE, INC.
By: ____________________________________
(for Lessee)
By: _____________________________________
(Sub-lessee)
STATE OF MASSACHUSETTS
____________________ County, SS.
At ________________ in said County this ________ day of __________ the parties personally appeared and
acknowledged this instrument, sealed and subscribed by each to be their own free act and deed.
Before me, ______________________________
Notary Public
My commission expires: ____________________
Rev. 2010
2

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Business