Industrial Lease Agreement

COMPANY LETTERHEAD

{{company_name}}

{{company_address}}

Phone: {{phone}}

Email: {{email}}

Website: {{website}}

PARTIES TO THE AGREEMENT

This Industrial Lease Agreement (hereinafter referred to as 'the Agreement') is made and entered into on this {{day}} day of {{month}}, {{year}},

BETWEEN:

{{landlord_company_name}} (Registration Number: {{landlord_registration_number}}), a company duly incorporated in accordance with the laws of {{country}}, with its principal place of business at {{landlord_address}} (hereinafter referred to as 'the Landlord')

AND

{{tenant_company_name}} (Registration Number: {{tenant_registration_number}}), a company duly incorporated in accordance with the laws of {{country}}, with its principal place of business at {{tenant_address}} (hereinafter referred to as 'the Tenant')

PREMISES

The Landlord hereby leases to the Tenant the industrial property located at {{property_address}}, comprising approximately {{area_in_sqm}} square meters, and including {{specific_facilities_e.g._warehouses,_offices,_parking}} (hereinafter referred to as 'the Premises'). The Premises shall be used solely for {{permitted_use_of_premises}}.

LEASE TERM

The term of this Agreement shall commence on {{start_date}} and shall continue for a period of {{lease_term_in_years}} ({{lease_term_in_words}}) years, terminating on {{end_date}}, unless terminated earlier in accordance with the provisions of this Agreement.

RENT AND DEPOSIT

The Tenant shall pay to the Landlord a monthly rental of {{currency}} {{monthly_rent_amount}} ({{monthly_rent_amount_in_words}}) on the first day of each month, in advance, without deduction or set-off. The rent shall be subject to an annual escalation of {{escalation_percentage}}% effective from {{escalation_effective_date}}.

The Tenant shall pay a security deposit of {{currency}} {{security_deposit_amount}} ({{security_deposit_amount_in_words}}) to the Landlord upon the signing of this Agreement. This deposit will be held by the Landlord as security for the due performance by the Tenant of its obligations hereunder.

UTILITIES AND OPERATING COSTS

The Tenant shall be responsible for all utility charges, including but not limited to electricity, water, and refuse removal, pertaining to the Premises. The Tenant shall also be responsible for its pro-rata share of the operating costs of the industrial park/complex, as determined by the Landlord.

MAINTENANCE AND REPAIRS

The Landlord shall be responsible for structural repairs to the Premises. The Tenant shall be responsible for internal maintenance and repairs, including {{tenant_maintenance_responsibilities}}, and for keeping the Premises in a good and tenantable condition, fair wear and tear excepted.

INSURANCE

The Landlord shall maintain insurance on the building structure. The Tenant shall be responsible for insuring its own contents, equipment, and public liability insurance in respect of its operations on the Premises.

BREACH AND TERMINATION

Should either party breach any material term of this Agreement and fail to remedy such breach within {{notice_period_in_days}} days of receiving written notice from the other party, the aggrieved party shall be entitled, without prejudice to any other rights it may have in law, to terminate this Agreement forthwith or to claim specific performance and/or damages.

GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of {{country}}.

SIGNATURES

Thus done and signed at {{place_of_signing}} on this {{day}} day of {{month}}, {{year}}.

___________________________

For: {{landlord_company_name}}

Name: {{landlord_authorised_signatory_name}}

Designation: {{landlord_authorised_signatory_designation}}

___________________________

For: {{tenant_company_name}}

Name: {{tenant_authorised_signatory_name}}

Designation: {{tenant_authorised_signatory_designation}}

WITNESSES:

1. _________________________

Name: {{witness_1_name}}

2. _________________________

Name: {{witness_2_name}}