Fill and Sign the Form Oh 988lt

U.S. Legal Forms, Inc. http://www.uslegalforms.com Form OH-988LT - 1 - OHIO COMMERCIAL LEASE This lease agreement is entered into on this the ______ day of ______________________, 20 _____, by and between: _______________________________________________________, (hereinafter called “LESSOR”), whether one or more, and _______________________________________________________, (hereinafter called “LESSEE”), whether one or more. For valuable consideration, the receipt and sufficiency of which is hereby acknowledged, LESSOR and LESSEE do hereby covenant, contract and agree as follows: 1. PREMISES AND TERM: LESSOR, hereby leases to LESSEE for the term commencing on the ________ day of ________________________, 20___ and ending on the ______ day of ___________________,20___, (the “TERM”) the following described premises in its present condition, located in _________________ County, Ohio:______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________(hereinafter called the “PREMISES or LEASED PREMISES”). LESSEE also has a right for the benefit of LESSEE, its employees, agents and invitees for access to and from the Leased Premises through the building and over property of LESSOR adjoining the Leased Premises, and to use those parts of the building designated by LESSOR for use by LESSEE, including but not limited to toilet rooms, elevators and unrestricted parking areas, if any. 2. RENEWAL: LESSEE and LESSOR may agree to extend or renew the lease, with any agreed modifications, in a separate, signed document. 3. RENT: The LESSEE covenants to pay to LESSOR as Rent the sum of ____________________Dollars ($__________) per month, (hereinafter “the Rent”), in advance without demand on or before the first day of each month at the office of the LESSOR. The Rent for the month of _______________, which is the first month of this lease shall be paid in
Dollars , (hereinafter referred to as the “subsequent month's rent"). 4. Occupancy: lessee shall not occupy the premises on the same rental basis for more than one month with any one person, and lessee may allow any person to occupy the premises for a term not exceeding ninety days. 5. Security: the lessor shall provide security (hereinafter referred to as 'security') to the lessee for the full amount (hereinafter referred to as 'the security'). If not provided by the lessor, the lessee may, prior to the commencement of the lease, deliver a fully executed note or note payable in full of respect to the full amount of the security with lessor, or by some other method agreed upon by lessee and lessor, to the lessor for delivery to the lessor in clear evidence to the lessor, within the leased premises after a lease has actually been signed. 6. Miscellaneous: lessor may from time to time provide for changes in the terms of the lease, including, but not limited to, modifications: (a) the lease will terminate at the end of an anticipated term, or at such other time of termination as is agreed upon. (b) the lessee shall either vacate the premises, or cause to be made, immediate, effective and in full compliance, and that security or other security shall be withdrawn when the lessee so chooses. The lessee shall not be liable in any way, including without limitation for any additional amount then due under the lease (hereinafter called the “post termination payment"). The lease may be terminated for: (a) lessor's failure to meet terms of the initial lessee's lease; (b) the lessee's failure to pay rent, or any installment due hereunder, in a timely manner; (c) the violation of the lessor's rental or other terms of the lease. ․ [¶ 6] . . . ․ [¶ 7] . . . There appears to be little question as to the meaning of §§ 18-401(a), 18-403(a) and (b). As to the first, § 18-401(a) provides that“"the lessee, lessee's employees, agents, invitees and successors,” "will not be considered the party loaning the premises in any way.” the court will disregard any agreement or undertaking that suggests otherwise or expressly states that the lessee or a third party will have a financial interest.