Illinois Lease Agreement regarding lease of office building between Ryan Southbank II, LLC and Mindspring Enterprises, Inc.

• Category: Corporations - Public - Leases
• State: Multi-State
• Control #: US-EG-9285
• Format: Word; Rich Text

Description

Lease Agreement between Ryan Southbank II, LLC and Mindspring Enterprises, Inc. regarding lease of office building dated June 30, 1998. 23 pages. Illinois Lease Agreement for Office Building Rental: Ryan South bank II, LLC & Mind spring Enterprises, Inc. Introduction: The Illinois Lease Agreement is a legally binding document that establishes the terms and conditions for the lease of an office building located in Illinois between Ryan South bank II, LLC (the lessor) and Mind spring Enterprises, Inc. (the lessee). This detailed description outlines the key aspects and relevant keywords of this agreement. 1. Parties Involved: a. Lessor: Ryan South bank II, LLC. b. Lessee: Mind spring Enterprises, Inc. 2. Property Description: The lease agreement pertains to a specific office building located in Illinois, owned by Ryan South bank II, LLC. The property is uniquely identified with its physical address, including the street name, city, state, and zip code. 3. Lease Term: The agreement specifies the duration of the lease, including the start date and the expiration date. It could be a fixed term (e.g., three years) or a periodic tenancy (e.g., month-to-month). 4. Rent and Payment Terms: a. Base Rent: The monthly or annual amount the lessee is obliged to pay for occupying the office building. b. Additional Rent: Any additional costs, such as maintenance fees, utilities, insurance, property taxes, or common area expenses. c. Security Deposit: The lessee may provide a security deposit to protect the lessor against potential damages. 5. Permitted Use: Defines the purpose for which the office building can be used, generally referring to commercial or business-related activities, as agreed upon by both parties. 6. Maintenance and Repairs: Specifies the responsibilities of each party regarding maintenance and repairs. For example, the lessee may be responsible for minor repairs, while the lessor is accountable for major structural repairs. 7. Alterations and Improvements: Addresses whether the lessee can make any alterations or improvements to the office building during the lease term and under what conditions. 8. Insurance: Requires the lessee to obtain and maintain insurance coverage, protecting both parties from potential damages, liability claims, or accidents. 9. Default and Termination: a. Default: Outlines the conditions and consequences of defaulting on the lease, such as non-payment of rent or breach of terms. b. Early Termination: Covers the situations in which either party can terminate the lease agreement before the agreed-upon expiration date. 10. Indemnification and Liability: Determines the liabilities and extent of protection against legal claims, damages, or liabilities arising from property use or lease agreement violations. 11. Governing Law and Jurisdiction: Specifies that the lease agreement is governed by the laws of the state of Illinois and designates the jurisdiction for any legal disputes. Types of Illinois Lease Agreements related to Office Building Rental: 1. Illinois Commercial Lease Agreement: Covers commercial properties, including office buildings, for business-related activities between parties. 2. Illinois Retail Lease Agreement: Specific to leasing office spaces within a retail complex or mall, generally intended for retail-related businesses. 3. Illinois Industrial Lease Agreement: Applicable when leasing an office building within an industrial or manufacturing area, tailored for industrial operations. 4. Illinois Sublease Agreement: When the original lessee is looking to sublease a portion or the entirety of the office building to a third party. Remember that this is a general description, and specific lease agreements may vary in their terms, clauses, and conditions.

Illinois Lease Agreement for Office Building Rental: Ryan South bank II, LLC & Mind spring Enterprises, Inc. Introduction: The Illinois Lease Agreement is a legally binding document that establishes the terms and conditions for the lease of an office building located in Illinois between Ryan South bank II, LLC (the lessor) and Mind spring Enterprises, Inc. (the lessee). This detailed description outlines the key aspects and relevant keywords of this agreement. 1. Parties Involved: a. Lessor: Ryan South bank II, LLC. b. Lessee: Mind spring Enterprises, Inc. 2. Property Description: The lease agreement pertains to a specific office building located in Illinois, owned by Ryan South bank II, LLC. The property is uniquely identified with its physical address, including the street name, city, state, and zip code. 3. Lease Term: The agreement specifies the duration of the lease, including the start date and the expiration date. It could be a fixed term (e.g., three years) or a periodic tenancy (e.g., month-to-month). 4. Rent and Payment Terms: a. Base Rent: The monthly or annual amount the lessee is obliged to pay for occupying the office building. b. Additional Rent: Any additional costs, such as maintenance fees, utilities, insurance, property taxes, or common area expenses. c. Security Deposit: The lessee may provide a security deposit to protect the lessor against potential damages. 5. Permitted Use: Defines the purpose for which the office building can be used, generally referring to commercial or business-related activities, as agreed upon by both parties. 6. Maintenance and Repairs: Specifies the responsibilities of each party regarding maintenance and repairs. For example, the lessee may be responsible for minor repairs, while the lessor is accountable for major structural repairs. 7. Alterations and Improvements: Addresses whether the lessee can make any alterations or improvements to the office building during the lease term and under what conditions. 8. Insurance: Requires the lessee to obtain and maintain insurance coverage, protecting both parties from potential damages, liability claims, or accidents. 9. Default and Termination: a. Default: Outlines the conditions and consequences of defaulting on the lease, such as non-payment of rent or breach of terms. b. Early Termination: Covers the situations in which either party can terminate the lease agreement before the agreed-upon expiration date. 10. Indemnification and Liability: Determines the liabilities and extent of protection against legal claims, damages, or liabilities arising from property use or lease agreement violations. 11. Governing Law and Jurisdiction: Specifies that the lease agreement is governed by the laws of the state of Illinois and designates the jurisdiction for any legal disputes. Types of Illinois Lease Agreements related to Office Building Rental: 1. Illinois Commercial Lease Agreement: Covers commercial properties, including office buildings, for business-related activities between parties. 2. Illinois Retail Lease Agreement: Specific to leasing office spaces within a retail complex or mall, generally intended for retail-related businesses. 3. Illinois Industrial Lease Agreement: Applicable when leasing an office building within an industrial or manufacturing area, tailored for industrial operations. 4. Illinois Sublease Agreement: When the original lessee is looking to sublease a portion or the entirety of the office building to a third party. Remember that this is a general description, and specific lease agreements may vary in their terms, clauses, and conditions.