Lease Letter To Buyer

LEASE LETTER TO BUYER

Buyer Name:   Date of Letter:

Property Identification

Parties

Lease Summary

Lease Commencement Date:   Lease Expiration Date:

Term:   Rent Amount: $   Payment Frequency:

Rent Due Day of Month:   Late Fee: $   Late Fee Grace Period (days):

Security Deposit Held: $   Prepaid Rent (if any): $

Utilities Responsibility:

Parking / Storage / Other Rights:

Representations and Certifications

Landlord (Seller) hereby certifies that, to the best of its knowledge as of the date of this letter: the Lease described above is in full force and effect and has not been modified except as set forth herein, and there are no uncured monetary defaults by Tenant under the Lease.

Tenant hereby certifies that, to the best of its knowledge as of the date of this letter: Tenant has no offsets against rent, no defenses to the Lease, has received possession, and there are no uncured defaults by Landlord materially affecting Tenant's use and enjoyment of the premises.

The parties further certify the following (check applicable boxes):

Rent Paid in Advance: Yes    No

Security Deposit Held by Landlord: Yes    No

There are outstanding notices of default or rent demands: Yes    No

There are amendments, options, rights of first refusal, purchase options, or other agreements affecting the Lease not disclosed above: Yes    No

Disclosures

Presence of Lead-Based Paint (if built before 1978): Yes    No

Prior Structural Damage or Material Repairs: Yes    No

Known Mold or Environmental Conditions Affecting Habitability: Yes    No

Notices

Notices to Landlord:

Notices to Tenant:

Notices to Buyer:

Default; Remedies

The parties acknowledge that any uncured default by either Landlord or Tenant under the Lease shall be governed by the Lease's default and remedy provisions. Landlord represents that, except as disclosed above, there are no uncured defaults by Tenant and no pending landlord defaults that materially affect Tenant's occupancy. Buyer may rely upon these representations in connection with the acquisition of the Property.

Governing Law; Reliance

This Lease Letter to Buyer shall be governed by and construed in accordance with the laws of the state in which the Property is located. Buyer is entitled to rely on the representations and certifications contained herein. This letter constitutes the entire understanding of the parties with respect to the matters expressly addressed herein and supersedes all prior written or oral representations relating thereto.

Additional Terms

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