Commercial Lease Agreement Template (State Of California) (Page 4 of 4) in pdf

Commercial Lease Agreement Template (State Of California) Page 4

of the parties.

24. Subordination. This Lease is and shall be subordinated to all existing and future liens, mortgages, deeds of trust, ground

leases, hypothecations, security devices and encumbrances (“Security Instruments”) against the Real Property now or hereafter

placed upon the Real Property, to any and all advances made under any of said Security Instruments. Tenant covenants and agrees

to execute and deliver, upon demand, those instruments reasonably necessary to effect such subordination. Self-executing: The

agreements contained in this Paragraph shall be effective without the execution of any further documents; the power given herein is

coupled with an interest and is irrevocable. Provided, that upon written request from a Lender or Lessor in connection with a sale,

financing or refinancing of the Premises, Lessee and Lessor shall execute such further writings as may be reasonably required to

separately document any subordination, attornment and/or other relevant terms provided for herein.

25. Time of Essence. Time is of the essence in the performance of this Agreement.

26. Entire Agreement. The foregoing constitutes the entire agreement between the parties and may be modified only by a writing

signed by both parties. The following Exhibits, if any, have been made a part of this Lease before the parties’ execution hereof:

___________.

Signed this __________ day of ______________________, 200__.

LESSOR:

Tenant:

By:

_____________________________

By:

__________________________________

_____________________________

__________________________________

(Print Name and Title)

_____________________________

__________________________________

_____________________________

__________________________________

Address

Address (if different than Real Property address)

C:WPFILESC D CCLOSINGFORMSWORKBOOK DOCUMENTSREAL PROPERTYCOMMERCIAL LEASE FOR EPC.DOC

Page 4 of 4

Each party signing this lease should seek legal advice prior to executing this lease. This lease is a sample and does not constitute legal advice.

Commercial Lease

Law Offices of Todd E. Kobernick

Commercial Lease Agreement Template (State Of California) Page 4