Pima Arizona Agreement to Lease Commercial Property with Building on the Property to be Built by Lessor Demolition of Present Building

• Category: Leases - Commercial
• State: Multi-State
• County: Pima
• Control #: US-02411BG
• Format: Word; PDF; Rich Text

Description

Agreement to Lease Commercial Property with Building on the Property to be Built by Lessor Demolition of Present Building The Lima Arizona Agreement to Lease Commercial Property with Building on the Property to be Built by Lessor Demolition of Present Building is a legally-binding contract that outlines the terms and conditions for leasing commercial property in Lima, Arizona. This agreement specifically pertains to situations where the lessor will construct a new building on the property and demolish any existing structure. The agreement includes various essential details to ensure a smooth leasing process and protect the interests of both parties involved. It covers the following key aspects: 1. Parties Involved: Clearly identifies the lessor (property owner) and the lessee (tenant) who are entering into the agreement. 2. Property Description: Provides a detailed description of the commercial property including its location, boundaries, and any relevant landmarks or nearby facilities. 3. Building Construction: Outlines the obligations of the lessor to construct a new building on the leased property. It specifies the type of building to be constructed, including its size, design, and any specific requirements or features agreed upon by both parties. 4. Demolition of Present Building: Addresses the demolition of any existing structure on the property. It outlines the responsibilities of the lessor to demolish the present building, including the timeline, cost distribution, and disposal of debris or materials. 5. Lease Term: Specifies the duration of the lease, including the start date and end date. It also mentions any options for renewal or termination of the lease. 6. Rent and Other Payments: Clearly defines the amount of rent to be paid by the lessee, the frequency of payment, and the acceptable methods of payment. Additionally, it may include provisions for common area maintenance fees or other charges. 7. Maintenance and Repairs: Outlines the responsibilities of both parties regarding the maintenance and repairs of the leased premises and common areas. It may include provisions for routine maintenance, structural repairs, and compliance with building codes and regulations. 8. Insurance and Indemnification: Specifies the insurance requirements for both the lessor and the lessee. It may require the lessee to obtain liability insurance and name the lessor as an additional insured. Additionally, it may outline the lessee's obligation to indemnify the lessor for any damages or liabilities arising from the use of the premises. 9. Default and Remedies: Establishes the consequences of default by either party and the available remedies. It may include provisions for late rent payments, breach of obligations, or failure to comply with the terms of the agreement. 10. Governing Law and Dispute Resolution: Specifies the applicable governing law and jurisdiction for any disputes that may arise during the lease term. It may include provisions for mediation, arbitration, or other methods of dispute resolution. Different types or variations of the Lima Arizona Agreement to Lease Commercial Property with Building on the Property to be Built by Lessor Demolition of Present Building may exist, depending on specific details and requirements. For example, there may be agreements with different construction timelines, building specifications, rental prices, or additional provisions tailored to the needs of individual parties.

The Lima Arizona Agreement to Lease Commercial Property with Building on the Property to be Built by Lessor Demolition of Present Building is a legally-binding contract that outlines the terms and conditions for leasing commercial property in Lima, Arizona. This agreement specifically pertains to situations where the lessor will construct a new building on the property and demolish any existing structure. The agreement includes various essential details to ensure a smooth leasing process and protect the interests of both parties involved. It covers the following key aspects: 1. Parties Involved: Clearly identifies the lessor (property owner) and the lessee (tenant) who are entering into the agreement. 2. Property Description: Provides a detailed description of the commercial property including its location, boundaries, and any relevant landmarks or nearby facilities. 3. Building Construction: Outlines the obligations of the lessor to construct a new building on the leased property. It specifies the type of building to be constructed, including its size, design, and any specific requirements or features agreed upon by both parties. 4. Demolition of Present Building: Addresses the demolition of any existing structure on the property. It outlines the responsibilities of the lessor to demolish the present building, including the timeline, cost distribution, and disposal of debris or materials. 5. Lease Term: Specifies the duration of the lease, including the start date and end date. It also mentions any options for renewal or termination of the lease. 6. Rent and Other Payments: Clearly defines the amount of rent to be paid by the lessee, the frequency of payment, and the acceptable methods of payment. Additionally, it may include provisions for common area maintenance fees or other charges. 7. Maintenance and Repairs: Outlines the responsibilities of both parties regarding the maintenance and repairs of the leased premises and common areas. It may include provisions for routine maintenance, structural repairs, and compliance with building codes and regulations. 8. Insurance and Indemnification: Specifies the insurance requirements for both the lessor and the lessee. It may require the lessee to obtain liability insurance and name the lessor as an additional insured. Additionally, it may outline the lessee's obligation to indemnify the lessor for any damages or liabilities arising from the use of the premises. 9. Default and Remedies: Establishes the consequences of default by either party and the available remedies. It may include provisions for late rent payments, breach of obligations, or failure to comply with the terms of the agreement. 10. Governing Law and Dispute Resolution: Specifies the applicable governing law and jurisdiction for any disputes that may arise during the lease term. It may include provisions for mediation, arbitration, or other methods of dispute resolution. Different types or variations of the Lima Arizona Agreement to Lease Commercial Property with Building on the Property to be Built by Lessor Demolition of Present Building may exist, depending on specific details and requirements. For example, there may be agreements with different construction timelines, building specifications, rental prices, or additional provisions tailored to the needs of individual parties.