This shop tenancy agreement template has 6 pages and is a MS Word file type listed under our business plan kit documents.
Sample of our shop tenancy agreement template:
SHOP TENANCY AGREEMENT This Shop Tenancy Agreement (the "Agreement") is effective [DATE], BETWEEN: [FIRST PARTY NAME], (the "Lessor"), an individual OR a Company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [SECOND PARTY NAME], (the "Lessee") an individual OR a Company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] Collectively referred to as "Parties" and individually referred to with their respective names. WHEREAS, the Lessor is absolutely seized and possessed or otherwise well and sufficiently entitled to the premises at [SHOP ADDRESS] with a total area of [PROPERTY AREA] square feet (the "Premises"); WHEREAS, on the request of the Lessee, the Lessor has agreed to grant lease in respect of the demised Premises for a term of [LEASE TERM IN MONTHS OR YEARS] in the manner provided under the terms and conditions set forth below; NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS: LEASE OF PREMISES The Lessor hereby demises unto the Lessee the shop situated at [SHOP ADDRESS] under the terms and conditions more fully set forth herein. PREMISES The Premises shall consist of the shop situated at [LEASE PROPERTY ADDRESS] containing approximately [SPECIFY AREA] rentable square feet construction, together with all the fixtures and fittings therein, together with the electrical installations and the right for the Lessee, its employees, servants, agents, customers and persons authorized by the Lessor to use the entrances, doorways, entrance hall, staircases, landings and passages in the Premises for the purpose of ingress thereto. TERM The Lease term (the "Term") shall be for the period of [LEASE TERM IN MONTHS OR YEARS] commencing from the [LEASE DEED START DATE]. LEASE COMMENCEMENT DATE The "Lease Commencement Date" shall be the date the Lessee takes occupancy of the Premises for the conduct of the Lessee's intended business. RENT AND FINANCIAL MATTERS Security Deposit. The Lessee shall be required to deliver the security deposit of the amount of [AMOUNT OF SECURITY DEPOSIT]. Rental Obligation. Commencing on the Lease Commencement Date, the Lessee shall be obligated to pay and shall pay Basic [MONTHLY OR ANNUAL] Rent of [AMOUNT OF RENT] to be payable by [DATE OF PAYMENT]. UTILITIES Effective as of the Lease Commencement Date, all utilities shall be transferred directly to accounts in the Lessee's name and the Lessee shall pay directly to all utility providers all charges respecting the Leased Premises incurred during the Term. In furtherance of the foregoing and for the avoidance of doubt, it is the intent of this Lease that the Lessee arranges for and pay directly to the applicable utility providers the cost of all electricity, gas and other utility charges used at the Premises. The Lessee shall pay on a timely basis to the appropriate utility or other supplier all charges for gas, steam, electricity, light, heat, power, telephone, water, metered or unmetered sprinkler, sewerage and all other utility and communication services, used, rendered and/or supplied upon or in connection with the Premises to the extent not paid by the Lessor and reimbursed by the Lessee as a part of the Operating Expenses. Upon request, the Lessee shall promptly furnish the Lessor with copies of all paid receipts for such utility charges. All such utility charges shall be appropriately adjusted between the Parties as of the Lease Commencement Date, and again as of the expiration or sooner termination of this Lease. CONDITIONS OF LESSEE'S OCCUPANCY AND POSSESSION The Lessee shall pay the rent as aforesaid on the days and in the manner aforesaid. The Lessee shall use the Premises only for general office use and uses for the Lessee's business ancillary thereto, including, but not limited to cafeteria, data center, conference center, fitness center, continuing education and conferencing purposes, archives and records and similar office type legally permissible ancillary uses in connection with the Lessee's business. In no event will smoking be permitted within the Premises. The Lessee agrees to be bound by all laws, requirements, rules, orders, ordinances, zoning and restrictive covenants applicable to the Lessee's use of the Leased Premises, whether in force on or after the Lease Commencement Date. The Lessee shall not make any structural alterations into or upon the Premises or make any alterations or additions to the external appearance or any part of the Premises without the previous consent of the Lessor in writing. The Lessee shall keep the interior and exterior of the demised Premises, and the drainage thereof in good and tenable repair and condition. That on the Lessee paying the rent on the due dates thereof and in the manner herein provided and observing and performing the convents, conditions and stipulations herein contained and, on his part, to be observed and performed, shall peaceably and quietly hold, possess and enjoy the Premises during the Term without any interruption, disturbance, claim and demand by the Lessor or any Person lawfully claiming under or trust for the Lessor. ACCEPTANCE OF PREMISES The taking of possession of the Premises by the Lessee on the Lease Commencement Date shall constitute an acknowledgment by the Lessee that the Leased Premises are in good condition. Upon the Lessor's request, the Lessee shall provide written confirmation of the foregoing. LESSOR'S RIGHTS AND RESPONSIBILITIES Access. The Lessor or its authorized agent or representative will have the right to enter and examine the Premises, except for secured areas, for any reasonable purpose with at least two (2) Business Days' prior written notice to the Lessee and in the presence of a designated Lessee representative or at any time in the event of an emergency. If the Leased Premises are accessed by the Lessor or its authorized representatives in the case of an emergency, the Lessor shall inform the Lessee in writing within twenty-four (24) hours after such emergency, indicating the nature of the situation and the outcome. The Lessor shall make such repairs and replacements to the Structural Portions of the Premises as required by Best Management Practices. In making such repairs and replacements, the Lessor shall use its reasonable efforts to see that its contractors, subcontractors, agents, invitees, etc. do not generate noise or dirt or undertake any activities which unreasonably interfere with the conduct of the Lessee's business at the Leased Premises. INDEMNIFICATION
