North Dakota Commercial Lease - Short Form for Recording Notice of Lease

• Category: Landlord Tenant - Recordation
• State: Multi-State
• Control #: US-00448
• Format: Word; Rich Text

Description

This document is a short lease form for the premises described within the Agreement. The lessor, in consideration of the covenants of lessee, leases and demise unto the lessee, and lessee agrees to take and lease from the lessor, for the term specified, the premises described in Exhibit A which is incorporated by reference. The North Dakota Commercial Lease — Short Form for Recording Notice of Lease is a legal document that acts as a notice of the lease agreement between a landlord and a tenant for a commercial property in the state of North Dakota. This form serves as a public record of the lease and provides notice to other interested parties, such as lenders and potential buyers, that a lease exists on the property. The document includes various relevant keywords or sections that outline the essential terms and conditions of the lease agreement. These may include: 1. Parties: The names and addresses of both the landlord and the tenant are stated at the beginning of the form. This ensures clarity regarding the individuals or entities involved in the lease agreement. 2. Property Description: A detailed description of the commercial property being leased is included, which may consist of its address, legal description, and any additional identifying features or landmarks. 3. Lease Term: The duration of the lease is specified, indicating the start and end dates of the lease agreement. Additionally, there may be provisions regarding any renewal options or periods of notice required for termination. 4. Rent and Payment Terms: The monthly or periodic rent amount is stated, along with the due dates for payment and the accepted methods of payment. This section may also specify any additional fees or charges, such as late payment penalties or maintenance costs. 5. Security Deposit: The amount of the security deposit, which is a sum of money paid by the tenant as a safeguard against potential damages or lease violations, is mentioned in this section. The terms for refunding the deposit, deductions, and any interest accrued may also be outlined. 6. Use of Premises: This section defines the permitted use of the commercial property. It specifies the type of business activities or operations that are allowed and may also impose restrictions or conditions, such as zoning regulations or compliance with applicable laws. 7. Maintenance and Repairs: The responsibilities of the landlord and tenant for property maintenance, repairs, and improvements are determined in this section. It may outline which party is responsible for certain repairs, maintenance costs, or compliance with building codes. 8. Insurance and Indemnification: The obligations of the landlord and tenant regarding insurance coverage, including liability and property insurance, are stated. The section may also require the tenant to indemnify the landlord against any claims or damages arising from the tenant's use of the premises. 9. Default and Remedies: The consequences of default by either party, such as non-payment of rent or violation of lease terms, are outlined. This section enumerates the remedies available to the non-defaulting party, which may include eviction, lease termination, or legal actions. 10. Governing Law and Jurisdiction: The governing law of the state of North Dakota is typically stated in the lease, along with the specific jurisdiction or venue for any legal disputes. Different types of North Dakota Commercial Lease — Short Form for Recording Notice of Lease may exist depending on the specific requirements or preferences of the parties involved. However, the essential elements mentioned above are typically included in any form of this lease agreement.

The North Dakota Commercial Lease — Short Form for Recording Notice of Lease is a legal document that acts as a notice of the lease agreement between a landlord and a tenant for a commercial property in the state of North Dakota. This form serves as a public record of the lease and provides notice to other interested parties, such as lenders and potential buyers, that a lease exists on the property. The document includes various relevant keywords or sections that outline the essential terms and conditions of the lease agreement. These may include: 1. Parties: The names and addresses of both the landlord and the tenant are stated at the beginning of the form. This ensures clarity regarding the individuals or entities involved in the lease agreement. 2. Property Description: A detailed description of the commercial property being leased is included, which may consist of its address, legal description, and any additional identifying features or landmarks. 3. Lease Term: The duration of the lease is specified, indicating the start and end dates of the lease agreement. Additionally, there may be provisions regarding any renewal options or periods of notice required for termination. 4. Rent and Payment Terms: The monthly or periodic rent amount is stated, along with the due dates for payment and the accepted methods of payment. This section may also specify any additional fees or charges, such as late payment penalties or maintenance costs. 5. Security Deposit: The amount of the security deposit, which is a sum of money paid by the tenant as a safeguard against potential damages or lease violations, is mentioned in this section. The terms for refunding the deposit, deductions, and any interest accrued may also be outlined. 6. Use of Premises: This section defines the permitted use of the commercial property. It specifies the type of business activities or operations that are allowed and may also impose restrictions or conditions, such as zoning regulations or compliance with applicable laws. 7. Maintenance and Repairs: The responsibilities of the landlord and tenant for property maintenance, repairs, and improvements are determined in this section. It may outline which party is responsible for certain repairs, maintenance costs, or compliance with building codes. 8. Insurance and Indemnification: The obligations of the landlord and tenant regarding insurance coverage, including liability and property insurance, are stated. The section may also require the tenant to indemnify the landlord against any claims or damages arising from the tenant's use of the premises. 9. Default and Remedies: The consequences of default by either party, such as non-payment of rent or violation of lease terms, are outlined. This section enumerates the remedies available to the non-defaulting party, which may include eviction, lease termination, or legal actions. 10. Governing Law and Jurisdiction: The governing law of the state of North Dakota is typically stated in the lease, along with the specific jurisdiction or venue for any legal disputes. Different types of North Dakota Commercial Lease — Short Form for Recording Notice of Lease may exist depending on the specific requirements or preferences of the parties involved. However, the essential elements mentioned above are typically included in any form of this lease agreement.