Commercial Lease Agreement Page 4
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12Commercial Lease agreement (Fixed Term)
Art.No. 19604
it being expressly understood that the security deposit will not be considered an advance payment of rental
or a measure of the Landlord‘s damages in case of default by the Tenant. Unless otherwise provided by man-
datory non-waivable law or regulation, the Landlord may commingle the security deposit with the Landlord‘s
other funds. The 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 the Tenant hereunder. Following any such application of the security deposit, the Tenant will
pay to the Landlord on demand the amount so applied in order to restore the security deposit to its original
amount. If the Tenant is not in default at the termination of this lease, the Landlord will return the balance of
the security deposit remaining after any such application to the Tenant. If the Landlord transfers its interest
in the Leased Premises during the term of this lease, the Landlord may assign the security deposit to the
transferee and after that will have no further liability for the return of the security deposit.
§15 sublease and assignment
The Tenant has the right, without the Landlord‘s consent, to assign this lease to a corporation with which the Tenant
may merge or consolidate, to any subsidiary of the Tenant, to any corporation under common control with the
Tenant, or to a purchaser of substantially all of the Tenant‘s assets. except as is set forth above, the Tenant
will not sublease all or any part of the Leased Premises, or assign this lease in whole or in part without the
Landlord‘s consent, such consent not to be unreasonably withheld or delayed.
§16 maintenance
16.1 The Landlord‘s obligations for maintenance include:
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the roof, outside walls, and other structural parts of the building
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the parking lot, driveways, and sidewalks including snow and ice removal
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the sewer, water pipes, and other matters related to plumbing
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the electrical wiring
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the air conditioning system
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all other items of maintenance not specifically delegated to the Tenant under this lease.
16.2 The Tenant‘s obligations for maintenance include:
Initials:
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