DOCUMENT

CONT - Warehouse Lease contract 2006

  • YEAR CREATED: 2006
  • ENTITY TYPE: County
  • TYPE OF DOCUMENT: CONT - Contract, Agreement
The document is a lease agreement between a Lessor (resident of Hidalgo County, Texas) and a Lessee. The agreement states that the Lessor is leasing a tract of land with improvements located in Hidalgo County, Texas to the Lessee. The lease term is for one year, starting on June 1, 2006, and ending on May 31, 2007, with the option for the Lessee to renew and extend the lease for two consecutive one-year terms. If the Lessee holds over after the expiration of the lease term, the tenancy will be on a month-to-month basis. The Lessee agrees to pay a monthly rent of $2,587.88 for approximately 7,500 square feet. The Lessor is responsible for paying taxes, while the Lessee is responsible for paying charges for electricity and trash removal. The permitted use of the leased premises is for a warehouse and office space. Any plans for improvements to the leased premises must be approved by the Lessor. At the expiration or termination of the lease, the Lessee must deliver possession of the premises and any improvements to the Lessor, except for those that the Lessee chooses to remove. The Lessee is not allowed to encumber the leasehold interest. The Lessor is responsible for maintaining the buildings and improvements on the leased premises, while the Lessee is responsible for repairing damages caused by their negligence. In the event of damage or condemnation of the leased premises, the Lessee has the right to cancel the lease. The Lessor agrees to maintain general liability insurance and fire and extended coverage insurance for the leased premises. The lease may not be assigned or sublet without the written consent of the Lessor, except that the Lessor has the right to assign any or all of its interest under the terms of this Lease.
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