Fillable Printable COMMERCIAL LEASE AGREEMENT

COMMERCIAL LEASE AGREEMENT

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Return Address:

________________________________________________

COMMERCIAL LEASE AGREEMENT (Short Form)

Indexing information required by the Washington State Auditor’s/Recorder’s Office. (RCW 36.18 and RCW 65.04) 1/97:

Reference # (If applicable): ______________________________________________

Grantor(s) (Owner/Lessor): (1) ____________________________________ (2) ____________________________________ Additional on pg ______

Grantee(s) (Lessee): (1) ____________________________________ (2) ____________________________________ Additional on pg ______

Legal Description (abbreviated): __________________________________________________________________________ Additional on pg ______

Assessor's Property Tax Parcel I Account #: ______________________________________________________________________________________

THIS LEASE made this _____________ day of ______________________________________, by and between (Names & Addresses):

___________________________________________________________________________________________________________

___________________________________________________________________________________ (here-in-after called Lesser),

and ________________________________________________________________________________________________________

____________________________________________________________________________________ (here-in-after called Lessee).

WITNESSETH:

1. PREMISES: Lessor does hereby lease to Lessee, those certain premises commonly known as:

as shown on Exhibit B attached hereto, (here-in-after called "premises"), being situated upon land legally described in

Exhibit A, attached hereto.

2. TERM: The term of this Lease shall be for _________________________________________ commencing the _________

day of _____________________, ________, and shall terminate on the _________ day of __________________________,

____________.

3. RENT: Lessee covenants and agrees to pay Lessor, at Lessor's address __________________________________________

___________________________________________________________________________ monthly rent in the amount of

____________________________________________________________________ Dollars ($ ____________________), in

advance on the first day of each month of the lease term. If not paid within five days, a service charge of $___________

shall also be due. Lessor hereby acknowledges receipt of ______________________________________________________

Dollars ($ ____________________) for the first and ___________ months rent.

4. UTILITIES AND FEES: Lessee agrees to pay all charges for light, heat, water, sewer, garbage, drainage, metro and all other

utilities and services to the premises during the full term of this lease. Above items, if any, included in the rent payment are

____________________________________________________________________________________________________.

5. REPAIRS AND MAINTENANCE: Premises have been inspected and are accepted by Lessee in their present condition.

Lessee shall, at its own expense and at all times, keep the premises neat, clean and in a sanitary condition, and keep and

use the premises in accordance with applicable laws, ordinances, rules, regulations and requirements of governmental

authorities. Lessee shall permit no waste, damage or injury to the premises.

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6. SIGNS AND ALTERATIONS: All signs or symbols placed by Lessee on or about the premises shall be subject to Lessor's

prior written approval. After prior written consent of Lessor, Lessee may make alterations, additions and improvements in

said premises, at Lessee's sole cost and expense. Lessor may elect to require Lessee to remove any such alterations,

additions or improvements upon termination of this lease and at Lessee's sole cost and expense.

7. LIENS AND INSOLVENCY: Lessee shall keep the premises free from any liens arising out of any work performed for,

materials furnished to, or obligations incurred by Lessee, and shall indemnify and hold Lessor harmless against the same. In

the event Lessee becomes insolvent, bankrupt, or if a receiver, assignee or other liquidating officer is appointed for the

business of Lessee. Lessor may cancel this Lease at its option.

8. SUBLETTING OR ASSIGNMENT: Lessee shall not sublet the whole or any part the premises, nor assign this Lease, without

the written consent of Lessor, which will not be unreasonably withheld. This Lease shall not be assignable by operation of

law. Any assignment shall not release the lessee from liability under this lease unless the assignment states such.

9. DAMAGE OR DESTRUCTION: In the event the premises are rendered untenantable in whole or in part by fire, the

elements, or other casualty, Lessor shall notify Lessee, within thirty (30) days after such casualty, that Lessor will undertake

to rebuild or restore the premises, and that such work can be completed within one hundred eighty (180) days from date of

such notice of intent. If Lessor cannot restore or rebuild the premises within the said one hundred eighty (180] days, then

the Lease may be terminated at Lessee's option by written ten (10) day notice to Lessor. During the period of

untenantability, rent shall abate in the same ratio as the portion of the premises rendered untenantable bears to the whole

of the premises.

10. ACCIDENTS AND USABILITY: Lessor or its agent shall not be liable for any injury or damage to persons or property

sustained by Lessee or other, in and about the premises. Lessee agrees to defend and hold Lessor and its agents harmless

from any claim, action and/or judgment for damages to property or injury to persons suffered or alleged to be suffered on

the premises by any person, firm or corporation, unless caused by Lessor's negligence.

11. COSTS AND ATTORNEY'S FEES: If, by reason of any default or breach on the part of either party in the performance of

any of the provisions of this Lease, a legal action is instituted, the losing party agrees to pay all reasonable costs and

attorney's fees in connection therewith, including costs and fees to collect any judgment. It is agreed that the venue of any

legal action brought under the terms of this Lease may be in the county in which the premises are situated. Interest on

unpaid sums shall accrue at the rate of 12 percent per annum from due date, even if not liquidated at that time.

12. SUBORDINATION: Lessee agrees that this Lease shall be subordinate to any mortgages or deeds of trust placed on the

property described in Exhibit A, provided, that in the event of foreclosure, if Lessee is not then in default and agrees to

attorn to the mortgagee or beneficiary under deed of trust, such mortgagee or beneficiary shall recognize Lessee's right of

possession for the term of this Lease.

13. NO WAIVER OF COVENANTS: No conduct of a party shall constitute accord and satisfaction, unless contained in a

writing to such effect arid signed by the parties. Any waiver by either party of any breach hereof by the other shall not be

considered waiver of any future similar breach. This Lease contains all the agreements between the parties; and there shall

be no modification of the agreements contained herein except by written instrument.

14. SURRENDER OF PREMISES: Lessee agrees, upon termination of this Lease, to peacefully quit and surrender the

premises without notice, leave the premises neat and clean and to deliver all keys to the premises to Lessor. If Lessor elects

to require Lessee to remove alterations, additions or improvements made by Lessee, then Lessee shall restore the premises

to their previous condition, less reasonable wear and tear.

15. BINDING ON HEIRS, SUCCESSORS ANDASSIGNS: The covenants and agreements of this Lease shall be binding upon the

heirs, executors, administrators, successors and assigns of both parties hereto, except as here-in-above provided.

16. USE: Lessee shall use the premises for the purposes of _____________________________________________________

___________________________________________________________________________________ and for no other

purposes, without written consent of Lessor.

17. NOTICE: Any notice required to be given by either party to the other shall be deposited in the United States mail,

postage prepaid, addressed to the Lessor at,

_________________________________________________________________________________________ or to the

Lessee at,

________________________________________________________________________________________________ or at

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such other address as either party may designate to the other in writing from time to time. A facsimile transmission will

suffice in lieu of mail if receipt is confirmed as to date and time.

18. RIDERS: Riders, if any, attached hereto, are made apart of this lease by reference and are described as:

19. TIME IS OF THE ESSENCE OF THIS LEASE.

20. If Lessee is a corporation, each individual executing this Lease on behalf of said corporation represents and warrants

that he is duly authorized to execute and deliver this Lease on behalf of said corporation in accordance with a duly adopted

resolution of the Board of Directors of said corporation or in accordance with the By-Laws of said corporation; and that this

Lease is binding upon said corporation in accordance with its term. If Lessee is a corporation, Lessee shall, within thirty (30)

days after execution of this Lease, deliver to Lessor or certified copy of a resolution of the Board of Directors of said

corporation authorizing or ratifying the execution of this Lease.

IN WITNESS WHEREOF, the parties hereto have hereunto set their hands the dale first above written.

_____________________________________ _____________________________________

Lessor(s) Lessee(s)

_____________________________________ _____________________________________

STATE OF WASHINGTON

ss. (INDIVIDUAL ACKNOWLEDGEMENT)

County of _____________________________

I certify that I know or have satisfactory evidence that _______________________________ is the person who appeared

before me, and said person acknowledged that ________ signed this instrument and acknowledged it to be _________ free and

voluntary act for the uses and purposes mentioned in the instrument.

Dated this _______________ day of ___________________________________.

___________________________________________

Print Name _________________________________

Notary Public in and for the State of _____________

My appointment expires: ______________________

STATE OF WASHINGTON

ss. (CORPORATE ACKNOWLEDGEMENT)

County of _____________________________

On this _________________, day of ____________________________________, __________, personally appeared before

me ______________________________________________________________ to me known to be the

______________________________ of the corporation that executed the within and foregoing instrument, and acknowledged said

instrument to be the free and voluntary act and deed of said corporation, for the uses and purposes therein mentioned, and on oath

stated that __he ________________ authorized to execute said instrument and the seal affixed (if any) is the corporate seal of said

corporation.

WITNESS my hand and Official seal hereto affixed the day and year in this certificate above written.

___________________________________________

Print Name _________________________________

Notary Public in and for the State of _____________

My appointment expires: ______________________