Nail Biz Booth Rental

The Business of Nails
NAIL-BIZ by the Dragon

This Lease Agreement is made by (name of salon owner), a resident of (your county), (your state), subsequently called ‘LESSOR’ and (name of booth renter), a resident of (your county), (your state), subsequently called ‘LESSEE’.

For and in consideration of the mutual promises and stipulations contained in this agreement, LESSOR does hereby lease to LESSEE, and LESSEE hereby leases from LESSOR, the leased premises described in Paragraph 1 upon the following terms and conditions.

1 LEASED PREMISES. The premises to which this lease relates are located in (the actual unit address) located at (the street address), (city), (county), (state), and shall consist of an approximately 10 foot by 10 foot sized room with door and window upon said premises (replace with your space description) sufficient to operate a nail service station. LESSEE shall have the right to occupy the premises and to operate said nail service station as a business open to the public.

2 TERM OF LEASE. This lease shall have a term of one (1) year beginning August 1, 2000. Should LESSEE hold over in possession of the premises after expiration of the term of this lease, or any renewal or extension of the term of this lease, such holding over shall be deemed to be a yearly renewal.

3 RENTAL. The rental under this agreement shall be in the amount of $(00.00) per week and shall be due and payable by LESSEE to LESSOR on each Friday beginning Friday, August 4, 2000 and continuing on each Friday thereafter during the term of this lease.

4 OPTIONS TO RENEW. LESSOR grants to LESSEE, provided that LESSEE is not in default, the option to renew this lease agreement for three (3) additional consecutive terms of one (1) year each, to begin at the expiration of the original term or the last exercised option, as the case may be, upon the same covenants herein set forth, except for the amount of rent. A ten (10) percent (your percent) increase will be added at the beginning of each one year option.

5 CONDITION OF THE PREMISES. LESSEE agrees to accept the premises in their present condition.

6 USE OF THE PREMISES. LESSEE shall use the premises solely for the operation of a nail services station. LESSEE may also use the premises for the sale of foot and hand nail care and related products for his or her own accounts and benefit. LESSEE shall not use the premises nor permit the premises to be used, in any manner that violates any law, statue, ordinance or regulation now or hereafter in force and applicable to the premises. LESSEE and LESSEE’S guests, customers, invitees and agents shall at all times comply with all property rules and regulations in existence.

7 PAYMENT OF RENTAL. All rental payments shall be paid to LESSOR at (name of salon) or at such other place as may be designated in writing by LESSOR to LESSEE.

8 EQUIPMENT AND PERSONAL PROPERTY. LESSOR has provided a nail table, three chairs, one storage cabinet, one three tier table on castors, one clean air machine, one Therabath paraffin machine, and one portable manicurist table on castors. LESSER has provided all other items including Ott table lamp, pedicure station, items of décor on walls and tables, polishes, polish racks, electric drills, nail tools and implements, nail remedies, lotions, chemicals, nail supplies and materials. LESSEE may replace, at her option, LESSOR equipment with LESSEE’S own equipment.

9 LESSEE TO MAINTAIN PREMISES. LESSEE covenants and agrees that LESSEE shall at all times keep and maintain the premises in a clean and neat condition and in a good state of repair. LESSEE will at the expense of LESSEE promptly repair any damage to the premises caused by any act or omission of LESSEE or any agent, employee, customer, guest or invitee of LESSEE. LESSEE will not in any manner deface or damage the premises or any part thereof. LESSEE will make no structural change or other alteration to the premises without the prior written consent of LESSOR. LESSEE will return the premises peaceably and promptly to LESSOR at the end of the term of this lease, or at any earlier termination thereof, in as good condition as the same are at the beginning at the term of this lease, ordinary wear and tear excepted.

10 JANITORIAL SERVICE. LESSOR shall provide janitorial and cleaning service to the premises.

11 UTILITIES. LESSOR will provide and pay for water, electricity, telephone and heat for the premises.

13 INDEMNITY BY LESSEE. LESSEE covenants and agrees to save LESSOR harmless from any and all loss, claims, damage and liability to any person or property occurring upon or about the premises from any cause whatsoever.

14 DEFAULT BY LESSEE. If LESSEE shall default in any covenant or agreement to be performed by it under this lease, and if after written notice has been sent by LESSOR to LESSEE such default shall continue for a period of 10 days, or if the leasehold interest of LESSEE shall be taken on execution or other process of law or if LESSEE shall petition to be or be declared bankrupt or insolvent according to law or make any conveyance or general assignment for the benefit of creditors or if a receiver be appointed for LESSEE’S property and such appoint is no vacated and set aside within 30 days from the date of such appoint, or if proceedings for reorganization, arrangement, composition or other proceedings with creditors be instituted by or against LESSEE, then, and in any of such events, LESSEE may immediately or at any time thereafter, and without further notice or demand, enter into and upon the premises and take absolute possession of the premises, without such reentry working a forfeiture of the rents to be paid and the covenants to be performed by LESSEE for the full term of this lease. In such events, LESSOR may at LESSOR’S election lease of sublet the premises or any part thereof upon such terms and conditions and for such rent and for such term as LESSOR may elect and, after crediting the rent actually collected by LESSEE from subletting against the rentals required to be paid under this lease by LESSEE, collect from LESSEE any balance due on the rent required by this lease.

15 ASSIGNMENT AND SUBLETTING. LESSEE may not assign this lease or sublet all or any part of the premises without having first received prior written consent of LESSOR, which shall not be unreasonably withheld.

16 DAMAGES TO OR DESTRUCTION OF PREMISES. If the premises are partially or totally destroyed or damaged by fire or other hazard, LESSOR shall repair and restore the premises as soon as it may be reasonably practicable to substantially the same condition in which the premises were before such damage, PROVIDED, HOWEVER, in the event the premises are completely destroyed or are so damaged that they cannot reasonably be used by LESSEE, then this lease may be terminated by LESSOR by serving written notice of such termination upon LESSEE.

17 NOTICES. Whenever in this lease it shall be required or permitted that notice or demand be given or served by either party to this lease to or on the other, such notice or demand shall be given or served, and shall not be deemed to have been given or served unless in writing deposited in the United States mail with appropriate postage affixed and address as follows:

Either party many change his or her address from time to time by the party changing the address giving written notice of the change of address to the other party, such notice to be given as provided in this paragraph.

17 EXCLUSIVE AGREEMENT. This instrument sets forth all the promises, covenants, agreements, conditions and understandings between LESSOR and LESSEE relating to the premises. There are no promises, covenants, agreements, conditions or understandings, either oral or written, between the parties other than as set forth in this instrument. No subsequent alterations, amendments, changes, additions or deletions with respect to this lease shall be binding unless made in writing and signed by LESSOR and LESSEE.

18 CAPTIONS NOT BINDING. The captions of the paragraphs in this instrument are Not legally binding but are used solely for assistance in reading.

IN WITNESS WHEREOF, this lease has been executed under seal by parties on the day and year indicated below.

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