Incubator Lease Agreement

INCUBATOR LEASE AGREEMENT

This Incubator Lease Agreement (the "Agreement") is made as of by and between Incubator Name: (the "Lessor"), an entity (select all that apply) Corporation LLC Partnership Other: , with principal address at ; and Lessee Name: (the "Lessee"), an entity (select all that apply) Corporation LLC Partnership Individual , with principal address at .

RECITALS

WHEREAS, Lessor operates a business incubator providing flexible workspace, shared services, mentorship, and access to common resources (the "Incubator"); and

WHEREAS, Lessee is an early-stage business seeking temporary workspace, business support services, and access to the Incubator's facilities; and

WHEREAS, Lessor is willing to lease certain space and provide specified incubator services to Lessee on the terms set forth in this Agreement.

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, the parties agree as follows:

1. PREMISES

Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, the workspace and access to common areas described as: located at (the "Premises"). The Premises consists of approximately square feet.

2. TERM

The term of this Lease shall commence on and continue for a period of months, unless earlier terminated in accordance with this Agreement. Lessee may request renewal no later than days prior to the expiration.

3. RENT AND CHARGES

Lessee shall pay to Lessor base rent in the amount of $ per month, payable in advance on or before the day of each month. All payments shall be made to Lessor at the address for Notices set forth below or to such other location as Lessor may designate in writing.

A security deposit in the amount of $ is due upon execution of this Agreement. If Lessee defaults under this Agreement, Lessor may apply the security deposit to cure such default as permitted by law.

Late payments shall incur a late charge equal to $ or percent of the overdue amount, whichever is greater, and interest at the maximum rate permitted by applicable law.

4. USE; OCCUPANCY RESTRICTIONS

Lessee shall use the Premises solely for the purposes of incubating, developing, and operating its business engaged in . Lessee shall not use the Premises for any unlawful purpose or for activities that create nuisance, hazard, or excessive noise. Lessee shall comply with all applicable laws, regulations and building rules.

5. SERVICES, COMMON AREAS AND AMENITIES

Lessor shall provide access to common areas and the following services included in the rent (check all that apply): Wi‑Fi Meeting rooms Reception services Mentorship/programming Mail handling Other:

Use of reserved resources (e.g., dedicated desks, proprietary equipment) may be subject to additional fees and scheduling rules established by Lessor in writing.

6. ALTERATIONS; IMPROVEMENTS

Lessee shall not make structural alterations or install fixtures that impair the Premises without Lessor's prior written consent. All non-structural tenant improvements made by Lessee shall be subject to Lessor approval and, unless otherwise agreed in writing, shall become Lessor's property upon expiration or termination of this Agreement.

Describe any pre-approved improvements or equipment to be provided by Lessor:

7. MAINTENANCE AND REPAIRS

Lessor shall maintain common areas, structural elements, and building systems. Lessee shall keep the Premises in a clean, safe condition and promptly notify Lessor of needed repairs. Lessee shall be responsible for repair of damage caused by Lessee's negligence or misuse and shall pay for such repairs within thirty (30) days of invoicing.

8. INSURANCE; INDEMNITY

Lessee shall maintain commercial general liability insurance with limits not less than $ per occurrence and property insurance for Lessee's own property. Lessor shall maintain insurance for the building and common areas as it deems appropriate. Lessee shall indemnify, defend, and hold harmless Lessor and its agents from and against any claims arising from Lessee's use of the Premises, except to the extent caused by Lessor's gross negligence or willful misconduct.

9. ASSIGNMENT AND SUBLETTING

Lessee shall not assign this Agreement or sublet the Premises or any part thereof without Lessor's prior written consent, which shall not be unreasonably withheld for bona fide transfers to affiliated entities or to successors in connection with a merger or sale of substantially all of Lessee's business assets. Any assignment or sublease without consent shall be voidable by Lessor.

10. DEFAULT; REMEDIES

Each party shall be in default if it fails to perform any material obligation under this Agreement and does not cure such failure within thirty (30) days after written notice (or, if not reasonably susceptible to cure within thirty (30) days, fails to commence and diligently pursue cure). Upon Lessee's uncured default, Lessor may, in addition to other remedies, terminate this Agreement, re-enter and relet the Premises, and recover damages, including costs and reasonable attorneys' fees.

11. TERMINATION; EARLY EXIT

Either party may terminate this Agreement for breach as provided herein. Lessee may request early termination subject to Lessor's approval and payment of an early termination fee of $ or payment of rent through the earlier of lease expiration or the reletting date.

12. CONFIDENTIALITY AND INTELLECTUAL PROPERTY

Each party acknowledges that, in connection with the relationship contemplated herein, it may receive Confidential Information of the other party. Confidential Information shall be used only for purposes of the relationship and shall not be disclosed except to employees, advisors, or potential investors who need to know and are bound by confidentiality obligations. All inventions, works, or intellectual property developed solely by Lessee remain the property of Lessee; shared or joint developments shall be treated as set forth in a separate written agreement.

13. NOTICES

All notices required or permitted under this Agreement shall be in writing and delivered by hand, overnight courier, or certified mail to the addresses below (or to such other address as a party may designate in writing). Notice is effective upon receipt.

14. DEFAULT INSOLVENCY

If Lessee becomes insolvent, makes an assignment for the benefit of creditors, or has a petition in bankruptcy filed by or against it that is not dismissed within sixty (60) days, Lessor may terminate this Agreement and pursue all remedies available at law or in equity.

15. HOLDING OVER

If Lessee remains in possession after the expiration of the Term without Lessor's written consent, Lessee shall be a month-to-month tenant at a monthly rent equal to one hundred fifty percent (150%) of the last monthly rent and otherwise on the terms of this Agreement.

16. GOVERNING LAW; ENTIRE AGREEMENT; SEVERABILITY

This Agreement shall be governed by and construed in accordance with the laws of the state in which the Premises are located, without regard to conflict of law principles. This Agreement constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior negotiations and understandings. If any provision of this Agreement is held invalid or unenforceable, the remaining provisions shall remain in full force and effect.

17. AMENDMENTS; WAIVER; COUNTERPARTS

This Agreement may be amended only by a writing signed by both parties. The failure of either party to enforce any provision shall not constitute a waiver of that provision. This Agreement may be executed in counterparts, each of which shall be deemed an original but all of which together shall constitute one instrument.

18. MISCELLANEOUS PROVISIONS

Taxes, utilities, and other operating charges shall be allocated as follows (check applicable boxes): Utilities included in rent Lessee pays utilities separately Parking:

Lessee acknowledges receipt of any building rules and agrees to comply with such rules as may be posted or distributed by Lessor.

Sign Now