Event Space Lease Agreement Outlines terms for leasing event space, including rental fees, event dates, venue rules, and space usage conditions.
1.1. Grant
Landlord hereby leases to Tenant, and Tenant hereby accepts from Landlord, the Event Space, upon and subject to the terms, conditions, and provisions hereinafter set forth.
2.1. Lease Term
The term of this Agreement shall commence on [Start Date] and shall continue for a period of [Length of Agreement], ending on [End Date] (the "Term"), unless sooner terminated as provided in this Agreement.
3.1. Base Rent
Tenant shall pay to Landlord as base rent for the use of the Event Space during the Term, the total amount of $[Total Rent] (the "Base Rent"), payable in advance in equal monthly installments of $[Monthly Rent] each, due on the [Day] day of each month, commencing on the [First Rent Payment Date].
3.2. Security Deposit
Tenant shall deposit with Landlord, upon execution of this Agreement, a security deposit in the amount of $[Security Deposit] (the "Security Deposit"). The Security Deposit shall be held by Landlord without liability for interest and as security for the performance by Tenant of Tenant's obligations under this Agreement. Landlord may use the Security Deposit, or any portion thereof, to cure any default by Tenant or to compensate Landlord for any damage sustained by Landlord resulting from Tenant's default.
4.1. Use of Event Space
Tenant shall use the Event Space solely for the purpose of hosting events and for no other purpose without the prior written consent of Landlord. Tenant shall not use the Event Space in any manner that violates any applicable laws, ordinances, or regulations or that creates a nuisance or interferes with the use and enjoyment of neighboring property by its occupants.
5.1. Landlord's Obligations
Landlord shall be responsible for the maintenance and repair of the structural elements of the Event Space, including the roof, walls, and foundation, and for maintaining and repairing any mechanical, electrical, and plumbing systems serving the Event Space, except to the extent such repairs are necessitated by the negligence or willful misconduct of Tenant or its agents, employees, invitees, or contractors.
5.2. Tenant's Obligations
Tenant shall, at its sole expense, be responsible for the cleanliness and sanitary condition of the Event Space, including, without limitation, the removal of any trash or debris and the proper maintenance and operation of any equipment or fixtures provided by Landlord for Tenant's use. Tenant shall promptly notify Landlord of any damage or necessary repairs in or to the Event Space.
6.1. Tenant Insurance
Tenant shall, at its sole expense, obtain and maintain in force during the Term a comprehensive general liability insurance policy, including a contractual liability endorsement, with a limit of not less than $[Insurance Limit] per occurrence, insuring Tenant and Landlord against any liability arising out of Tenant's use, occupancy, or maintenance of the Event Space. Such insurance shall name Landlord as an additional insured and shall provide that it may not be canceled, terminated, or modified without at least [Days Notice] days prior written notice to Landlord.
7.1. Indemnification
Tenant shall indemnify, defend, and hold harmless Landlord and its members, employees, agents, and contractors from and against any and all claims, demands, liabilities, losses, damages, costs, and expenses, including reasonable attorneys' fees, arising out of or relating to Tenant's use, occupancy, or maintenance of the Event Space or any breach by Tenant of this Agreement, except to the extent caused by the negligence or willful misconduct of Landlord or its agents, employees, or contractors.
8.1. Default by Tenant
The occurrence of any one or more of the following events shall constitute a default by Tenant: (a) Tenant's failure to pay any rent or other amount required to be paid by Tenant under this Agreement when due; (b) Tenant's abandonment of the Event Space; (c) Tenant's breach of any covenant, condition, or representation made by Tenant in this Agreement; (d) the continuation of any default by Tenant after [Days to Cure Default] days' written notice from Landlord specifying the default and demanding that it be cured.
8.2. Landlord's Remedies
In the event of any default by Tenant, Landlord shall have the right, at its option, to exercise any one or more of the following remedies: (a) terminate this Agreement and regain possession of the Event Space; (b) lease the Event Space to a third party and recover from Tenant any deficiency in rent; (c) demand and recover from Tenant all amounts due and payable under this Agreement; or (d) pursue any other remedy available at law or in equity. Landlord's exercise of any remedy shall not preclude Landlord's exercise of any other remedy.
9.1. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the United States and the [State].
9.2. Entire Agreement
This Agreement, together with any exhibits or schedules attached hereto, contains the entire agreement between the Parties and supersedes all prior understandings or agreements, whether written or oral, with respect to the subject matter hereof. No amendment or modification of this Agreement shall be effective unless in writing and signed by both Parties.
9.3. Waiver
Neither Party's waiver of any breach or default by the other Party shall be deemed a waiver of any other or subsequent breach or default.
9.4. Notices
All notices, requests, demands, and other communications required or permitted under this Agreement shall be in writing and shall be deemed duly given when personally delivered or when sent by certified mail, return receipt requested, postage prepaid, addressed to the Parties at the addresses set forth below or to such other address as either Party may designate by notice to the other:
Landlord:
Lakeside Properties LLC
[Address]
[City, State, Zip]
Tenant:
BrightStar Events Inc
[Address]
[City, State, Zip]
9.5. Counterparts
This Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute one and the same instrument.
In this Event Space Lease Agreement, you will see the following sections:
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