Intro. To Business Law
12-8-2011
LEASE AGREEMENT
This commercial Lease understanding is made and effective December 1, 2011, by and between Donald ambo [Landlord] and Mary A. Botello dba Paradise Cafe LLC [renter].
Landlord is the owner of land and improvements unremarkably known and numbered as 151 Church thoroughfare Burlington, Vermont and legally dance orchestra forrard as ground floor of a four legend building, with its entrance on the Church Street Marketplace. 1600 sq. ft. of space.
Landlord puddles available for pick out a portion of the Building designated as 151 Church Street Burlington, Vermont.
Landlord desires to lease the lease premise to Tenant, and Tenant desires to lease the Leased Premises from Landlord for the verge, at the rental and upon the covenants, conditions and provisions herein set forth.
Tenant shall have no more than 50 patrons at one time in the establishment. The Leased Premises pass on behold the following a restaurant, sales of alcohol, and live pleasure on specific days.
THEREFORE, in consideration of the mutual promises herein, contained and another(prenominal) good and valuable consideration, it is agreed:
Term
A.
Landlord hereby leases the Leased Premises to Tenant, and Tenant hereby leases the same from Landlord, for an Initial Term starting line December 1, 2011 and ending December 1, 2014. Landlord shall use its best efforts to give way Tenant possession as nearly as executable at the beginning of the Lease term. If Landlord is unable to timely run the Leased Premised, rent shall abate for the period of delay. Tenant shall make no other claim against Landlord for any such delay.
B. Tenant may renew the Lease for one Extended term of 3 years. Tenant shall exercise such reclamation option, if at all, by giving written notice to Landlord not less(prenominal) than ninety (90) days prior to the expiration of the Initial Term. The renewal term shall be at the rental set forth below and otherwise upon the same covenants, conditions...If you want to get a full essay, order it on our website: Orderessay
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