Notice 1482 Irs

• Category: Corporations - Public
• State: Multi-State
• County: Los Angeles
• Control #: US-EG-9297
• Format: Word; Rich Text

Description

Tenancy Agreement between Sunnoon Development Limited and Orient Packaging Limited regarding leased premises and term dated 00/99. 31 pages. Los Angeles California Tenancy Agreement between Sun noon Development Limited and Orient Packaging Limited Introduction: The Los Angeles California Tenancy Agreement between Sun noon Development Limited and Orient Packaging Limited is a legally binding contract that outlines the terms and conditions under which Orient Packaging Limited will lease a property owned by Sun noon Development Limited in the city of Los Angeles, California. This comprehensive tenancy agreement ensures a smooth relationship between the landlord and the tenant, guaranteeing their respective rights and responsibilities. Key Terms and Conditions: 1. Property Description: The agreement will specify the precise location, address, and characteristics of the property being leased, including any additional amenities, parking arrangements, and applicable building regulations. 2. Lease Term: This section establishes the duration of the tenancy, stating the exact start and end dates. It may also provide extensions or renewal options if both parties agree. 3. Rent and Payment: Details related to the rental amount, payment frequency, accepted payment methods, and any late fee or penalty clauses are clearly outlined. Deposit requirements and the use of the security deposit are also specified in this section. 4. Maintenance Responsibilities: This clause delineates the obligations of both parties regarding property maintenance. It clarifies who is responsible for repairs, upgrades, and regular upkeep, ensuring a well-maintained and safe property. 5. Utilities and Services: This section specifies which utilities are the responsibility of the tenant and which are covered by the landlord. It also outlines the procedures for transferring utility accounts and any shared service charges. 6. Alterations and Improvements: If the tenant wishes to make alterations or improvements to the property, this clause provides guidelines and procedures for obtaining necessary permissions, ensuring compliance with building codes and regulations. 7. Subletting and Assignment: This section details whether subletting the premises or assigning the lease to another party is allowed. It may specify the conditions and approvals required for such arrangements. 8. Insurance and Liability: Both parties' insurance obligations are outlined here, including the requirement for the tenant to obtain renter's insurance and the landlord's responsibility to adequately insure the property against damage or loss. 9. Termination: This section covers the circumstances under which the tenancy agreement can be terminated by either party, including advance notice requirements, breach of contract, or mutual termination conditions. Types of Tenancy Agreements: 1. Residential Lease Agreement: This agreement is used when the leased property is a residential unit, such as an apartment or house. 2. Commercial Lease Agreement: This agreement is applicable when the leased property is used for commercial purposes, such as office spaces, retail stores, or warehouses. 3. Short-Term Lease Agreement: This type of agreement is used for temporary rentals, usually for a term of less than a year, accommodating business travelers, vacationers, or individuals in need of temporary housing. 4. Lease Renewal Agreement: This agreement is executed to extend or renew an existing lease, with updated terms, conditions, and rental agreements. Conclusion: The Los Angeles California Tenancy Agreement between Sun noon Development Limited and Orient Packaging Limited serves as a critical legal document, protecting the rights and interests of both parties involved. By clearly defining the terms and duties, this agreement fosters a harmonious landlord-tenant relationship, ensuring a successful tenancy experience.

Los Angeles California Tenancy Agreement between Sun noon Development Limited and Orient Packaging Limited Introduction: The Los Angeles California Tenancy Agreement between Sun noon Development Limited and Orient Packaging Limited is a legally binding contract that outlines the terms and conditions under which Orient Packaging Limited will lease a property owned by Sun noon Development Limited in the city of Los Angeles, California. This comprehensive tenancy agreement ensures a smooth relationship between the landlord and the tenant, guaranteeing their respective rights and responsibilities. Key Terms and Conditions: 1. Property Description: The agreement will specify the precise location, address, and characteristics of the property being leased, including any additional amenities, parking arrangements, and applicable building regulations. 2. Lease Term: This section establishes the duration of the tenancy, stating the exact start and end dates. It may also provide extensions or renewal options if both parties agree. 3. Rent and Payment: Details related to the rental amount, payment frequency, accepted payment methods, and any late fee or penalty clauses are clearly outlined. Deposit requirements and the use of the security deposit are also specified in this section. 4. Maintenance Responsibilities: This clause delineates the obligations of both parties regarding property maintenance. It clarifies who is responsible for repairs, upgrades, and regular upkeep, ensuring a well-maintained and safe property. 5. Utilities and Services: This section specifies which utilities are the responsibility of the tenant and which are covered by the landlord. It also outlines the procedures for transferring utility accounts and any shared service charges. 6. Alterations and Improvements: If the tenant wishes to make alterations or improvements to the property, this clause provides guidelines and procedures for obtaining necessary permissions, ensuring compliance with building codes and regulations. 7. Subletting and Assignment: This section details whether subletting the premises or assigning the lease to another party is allowed. It may specify the conditions and approvals required for such arrangements. 8. Insurance and Liability: Both parties' insurance obligations are outlined here, including the requirement for the tenant to obtain renter's insurance and the landlord's responsibility to adequately insure the property against damage or loss. 9. Termination: This section covers the circumstances under which the tenancy agreement can be terminated by either party, including advance notice requirements, breach of contract, or mutual termination conditions. Types of Tenancy Agreements: 1. Residential Lease Agreement: This agreement is used when the leased property is a residential unit, such as an apartment or house. 2. Commercial Lease Agreement: This agreement is applicable when the leased property is used for commercial purposes, such as office spaces, retail stores, or warehouses. 3. Short-Term Lease Agreement: This type of agreement is used for temporary rentals, usually for a term of less than a year, accommodating business travelers, vacationers, or individuals in need of temporary housing. 4. Lease Renewal Agreement: This agreement is executed to extend or renew an existing lease, with updated terms, conditions, and rental agreements. Conclusion: The Los Angeles California Tenancy Agreement between Sun noon Development Limited and Orient Packaging Limited serves as a critical legal document, protecting the rights and interests of both parties involved. By clearly defining the terms and duties, this agreement fosters a harmonious landlord-tenant relationship, ensuring a successful tenancy experience.