Fill and Sign the La Commercial Lease Form

UNITED STATES OF AMERICA STATE OF LOUISIANA PARISH OF [_PARISH_] COMMERCIAL LEASE BE IT KNOWN AND REMEMBERED that on the date hereafter shown and before the undersigned authority and in the presence of the undersigned good and competent witnesses, PERSONALLY CAME AND APPEARED: [_LESSOR_1_] , whose Tax Identification Number is [_TIN_1_] , and [_LESSOR_2_] , whose Tax Identification Number is [_TIN_2_] , husband and wife domiciled in [_Lessor_Parish_] , whose present mailing address is [_Lessor_Address_] , hereinafter jointly called "LESSOR"; and [_LESSEE_] , whose Tax Identification Number is [_TIN_3_] , a Louisiana corporation domiciled and having its principal place of business at [_Lessee_Address_] , represented herein by [_AGENT_] , its [_Office_] duly authorized by resolution attached hereto; hereinafter called "LESSEE"; who have mutually covenanted and agreed as follows: l. LEASE : LESSOR hereby leases to LESSEE to occupy and use the following described property: [_Property_Description_] The property conveyed herein has as its address [_Prop_Address_] . 2. TERM : The original term of this lease shall be from [_Begin_Date_] to [_End_Date_] . At the end of the original term of this lease, if LESSEE has given thirty days' written notice prior thereto to LESSOR at the address shown above, LESSEE shall have the option to renew the lease for an additional term of [_Renewal_] years at the same rental and under the same terms provided in this lease, provided that LESSEE shall have no right to renew if LESSEE is in default under the terms of this lease. 3. RIGHT OF REFUSAL : In the event that LESSEE is not in default at the termination of this lease or any renewal or extension thereof, for a period of six months thereafter LESSOR shall not have the right to lease the premises described above or any part thereof to any other party until LESSOR has offered the same to LESSEE on the same terms as the proposed lease to the other party, and LESSEE has either (a) declined said offer, or (b) failed to respond to the offer within ten days of the offer having been mailed to LESSEE at the address shown above. In the event that LESSEE is not in default at the termination of this lease or any renewal or extension thereof, for a period of six months thereafter LESSOR shall not have the right to sell the premises described above or any part thereof to any other party until LESSOR has offered the same to LESSEE on the same terms as the proposed sale to the other party, and LESSEE has either (a) declined said offer, or (b) failed to respond to the offer within ten days of the offer having been mailed to LESSEE at the address shown above. 4. RENTAL : As rental for the premises LESSEE agrees to pay a monthly rental of [_$Rent_] payable in advance on the [_Due_Date_] day of each month, beginning [_Begin_Date_] . Should LESSEE fail to pay the rent within ten days of the due date, there shall also be due a late charge equal to 10% of the rent due for that month. No rent payment shall be considered delinquent and subject to a late charge if it is mailed postage prepaid to the LESSOR's address given above within ten days of the date due. 5. USE : LESSEE is obligated not to use the premises for any purpose that is unlawful, and the violation of any law by LESSEE shall be a justifiable cause for cancellation of this lease by LESSOR, at LESSOR'S option. 6. WARRANTY : LESSOR warrants that LESSOR is the owner of the premises and has the right to give LESSEE possession under this lease, and will, so long as this lease remains in effect, warrant and defend LESSEE'S possession against any and all persons. 7. REPAIRS AND MAINTENANCE : LESSOR warrants that the leased premises are in good condition. LESSEE agrees to keep the premises in good condition during the term of the lease at LESSEE's expense and to return them to LESSOR in the same condition at the termination of the lease, normal decay, wear and tear excepted. LESSOR's obligation to repair shall be limited to necessary repairs to the roof, structure, plumbing, electrical and mechanical systems of the improvements, and only to the extent that the repairs exceed [_$Repairs_] in cost and do not arise out of the negligence of LESSEE or LESSEE's agents, employees or licensees. Should LESSEE fail to make such repairs as it is obligated to make hereunder, LESSOR may, at LESSOR'S option, have the repairs made and LESSEE agrees to reimburse LESSOR for the cost. LESSEE agrees not to permit the presence, use, disposal, storage or release of any hazardous substances upon the leased premises during the term of this lease. 8. TAXES AND UTILITY CHARGES : LESSEE agrees to pay punctually all charges for gas, electricity, telephone, water, and cable services, or any other utilities used or consumed at the leased premises during the term of this lease. LESSOR agrees to pay punctually all ad valorem taxes and assessments due on the leased premises during the term of this lease. 9. INDEMNIFICATION : LESSEE shall occupy the leased premises at its own risk and shall indemnify LESSOR against any expense, loss, cost, damage, claim, action or liability paid, suffered or incurred as a result of any breach by LESSEE, LESSEE's agent, servants, employees, customers, visitors or licensees of any covenant or condition of this lease, or as a result of LESSEE'S use or occupancy of the leased premises or the carelessness, negligence or improper conduct of LESSEE, its agents, servants, employees, customers, visitors or licensees. LESSEE agrees to obtain and maintain liability insurance with [_$Limits_] limits, and to have LESSOR named as an additional insured on said policy or policies. 10. ADDITIONS AND ALTERATIONS : Neither LESSOR nor LESSEE shall make any additions or alterations to the premises without written permission of the other. However, LESSOR or LESSOR'S agents shall have the right to enter the premises for the purposes of making repairs necessary for the preservation of the property. Any additions made to the premises become the property of LESSOR at the termination of this lease. 11. ACCESS : In the event of LESSEE vacating the premises, LESSOR shall be notified in writing where the keys may be had in order that the premises may be inspected or shown to prospective tenants or purchasers as provided below. 12. SURRENDER OF POSSESSION : At the expiration of this lease or at its termination for other causes, LESSEE is to immediately surrender possession by actual delivery of all keys to LESSOR. 13. ABANDONMENT : Should the premises be abandoned by LESSEE or should LESSEE begin to remove personal property to the detriment of LESSOR'S lien, then the rent for the unexpired term, with reasonable attorney's fees, shall immediately become due, and LESSOR, at LESSOR'S option, may cancel the lease or re-enter and let the premises for such price or on such terms as may be immediately obtainable, and apply the net amount realized to the amount due by LESSEE. 14. DEFAULT : Should the LESSEE fail to pay the rent or any other charges arising under this lease promptly as stipulated; or should voluntary or involuntary bankruptcy proceedings be commenced by or against LESSEE; or should LESSEE make an assignment for benefit of creditors; then, in any of the said events, LESSEE shall be ipso facto in default and LESSOR may demand the rent for the whole unexpired term of the lease, or proceed one or more times for past due installments without prejudicing LESSOR's rights to proceed later for the rent for the then unexpired term. 15. DEPOSIT : As security for LESSEE's obligations under this lease, including the obligation to timely pay rent, the obligation to maintain the premises and the obligation to deliver the premises clean at the expiration of the lease, LESSEE deposits with LESSOR the sum of [_$Deposit_] as a damage and default deposit. 16. ATTORNEY'S FEES : If an attorney is employed to protect any right of LESSOR or LESSEE arising under this lease, the party whose fault necessitates such employment shall pay reasonable attorney's fees to the other. 17. OBLIGATION NOT TO COMPETE : LESSOR agrees not to operate a [_business_type_] within one mile of the leased premises. 18. SUBLEASE : LESSEE may not sublease or assign this lease without written approval of LESSOR. 19. SUPERIOR MORTGAGE : In the event that LESSOR is in default on any obligation secured by a mortgage superior in rank to this lease, LESSEE shall have the right to make payments sufficient to cure the default and/or make the payments due under the mortgage obligation, and to deduct the same from the rent due to LESSOR. THUS DONE AND PASSED on [_Date_] at [_City_Parish_] , State of Louisiana, the undersigned parties having affixed their signatures in the presence of me, Notary, and the undersigned witnesses, after due reading of the whole. WITNESSES: _____________________ __________________________ [_LESSOR_1_] _____________________ __________________________ [_LESSOR_2_] [_LESSEE_] BY: _____________________ [_AGENT_] [_Office_] __________________________________ [_NOTARY_] , NOTARY PUBLIC * * * * * * * * * * COMMERCIAL LEASE : This is a lease of immovable property for commercial purposes, with a fixed monthly rent and a renewal option and rights of refusal in favor of the lessee. The lease also contains an obligation not to compete and a provision dealing with payment of rent after lessor's default on a superior mortgage obligation. CAVEAT : CC 2628 limits the term of a Right of First Refusal. WORD KEY EXPLANATION [_PARISH_] Parish in which lease is executed. [_LESSOR_1_] Name of first lessor. Names of lessors should be consistent with their acquisitions of the leased premises. For alternate appearances, see document Appearances - F1AAPP1. [_TIN_1_] Tax Identification Number of first lessor. [_LESSOR_2_] Name of second lessor. [_TIN_2_] Tax Identification Number of second lessor. [_Lessor_Parish_] Parish of lessors' domicile. [_Lessor_Address_] Mailing address of lessors. [_LESSEE_] Name of lessee. For alternate appearances, see document Appearances - F1AAPP1. [_TIN_3_] Tax Identification Number of lessee. [_Lessee_Address_] Address of principal place of business of lessee. [_AGENT_] Name of person appearing for lessee. [_Office_] Office held by person appearing for lessee. [_Property_Description_] Description of leased premises, with acquisition clause. [_Prop_Address_] Municipal number or address of the property leased. [_Begin_Date_] Date on which lease is to begin. [_End_Date_] Date on which lease is to end. [_Renewal_] Renewal term in years. [_$Rent_] Rent due per month (with $). [_Due_Date_] Day of each month on which rent is due. [_$Repairs_] Repairs provided by lessee (with $). [_$Limits_] Liability policy limits agreed upon (with $). [_$Deposit_] Amount of damage and security deposit (with $). [_business_type_] Describe business(es) that lessor agrees not to engage in. [_Date_] Date on which lease executed. [_City_Parish_] City and Parish in which lease executed. [_NOTARY_] Notary before whom lease is executed.