California Commercial Lease Agreement Template (Page 5 of 7) in pdf

California Commercial Lease Agreement Template Page 5

the dates to which rent and other charges payable under this Lease have been paid, stating that

Landlord is not in default hereunder (or if Tenant alleges a default stating the nature of such

alleged default) and further stating such other matters as Landlord shall reasonably require.

19. Security Deposit.

The Security Deposit shall be held by Landlord without liability for interest and as security for the

performance by Tenant of Tenant's covenants and obligations under this Lease, it being

expressly understood that the Security Deposit shall not be considered an advance payment of

rental or a measure of Landlord's damages in case of default by Tenant. Unless otherwise

provided by mandatory non-waivable law or regulation, Landlord may commingle the Security

Deposit with Landlord' s other funds. Landlord may, from time to time, without prejudice to any

other remedy, use the Security Deposit to the extent necessary to make good any arrearages of

rent or to satisfy any other covenant or obligation of Tenant hereunder. Following any such

application of the Security Deposit, Tenant shall pay to Landlord on demand the amount so

applied in order to restore the Security Deposit to its original amount. If Tenant is not in default at

the termination of this Lease, the balance of the Security Deposit remaining after any such

application shall be returned by Landlord to Tenant. If Landlord transfers its interest in the

Premises during the term of this Lease, Landlord may assign the Security Deposit to the

transferee and thereafter shall have no further liability for the return of such Security Deposit.

20. Notice.

Any notice required or permitted under this Lease shall be deemed sufficiently given or served if

sent by United States certified mail, return receipt requested, addressed as follows:

If to Landlord to:

If to Tenant to:

Landlord and Tenant shall each have the right from time to time to change the place notice is to

be given under this paragraph by written notice thereof to the other party.

21. Brokers.

California Commercial Lease Agreement Template Page 5