The Non-Exclusive Lease Agreement is utilized when multiple tenants need to share space or facilities within the same property. Common in commercial real estate, coworking spaces, and shared facilities, this agreement type specifically addresses the complexities of multi-tenant arrangements. It details access rights, common area usage, scheduling protocols, and maintenance responsibilities while protecting both landlord and tenant interests under U.S. law. The document is particularly relevant in today's evolving workplace environment where shared spaces and flexible arrangements are increasingly common.
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1. Parties: Identification and details of the lessor and lessee
2. Background: Context of the lease arrangement and property description
3. Definitions: Key terms used throughout the agreement
4. Grant of Lease: Terms of the non-exclusive lease rights
5. Term and Renewal: Duration of lease and renewal conditions
6. Rent and Payment Terms: Rental amount, payment schedule, and methods
7. Security Deposit: Deposit requirements and conditions
8. Use of Premises: Permitted uses and restrictions
9. Maintenance and Repairs: Responsibilities for property maintenance
10. Insurance and Liability: Required insurance coverage and liability terms
1. Utilities and Services: Responsibility for utilities and services when not included in rent
2. Alterations and Improvements: Terms for modifying the premises when modifications might be needed
3. Subletting and Assignment: Rights to sublet or assign the lease when subletting might be permitted
4. Early Termination: Conditions for early lease termination when early termination might be allowed
1. Schedule A - Property Description: Detailed description of the leased premises
2. Schedule B - Floor Plan: Layout and dimensions of the leased space
3. Schedule C - Building Rules: Rules and regulations for property use
4. Schedule D - Maintenance Schedule: Detailed maintenance responsibilities and schedules
5. Schedule E - Rent Schedule: Detailed breakdown of rent payments and escalations
6. Appendix 1 - Insurance Requirements: Detailed insurance specifications
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