A lease of 3 spaces is available now for Storage only. Unit A 2500 SF $2,500 per month Unit B 1000sf $1100 per month Unit F 1200sf 1200sf $1700 a month plus 800sf of enclosed yard space Lease Terms for 1519 W 139th St, Gardena, CA 1. Monthly Rent: * $7,000 per month. 2. Lease Duration: * Minimum lease term: 6 months and above * Option for renewal:"Negotiable upon lease end". 3. Security Deposit: * $2,500.00 4. Property Use: * Permitted uses: Warehousing, distribution, manufacturing, showroom, wholesale, or retail. * No subletting or unauthorized use without prior approval. 5. Utilities and Maintenance: * Utilities: Tenant responsible for [: electricity, water, gas, etc.]. * Maintenance: * Tenant responsible for maintaining leased premises in good condition. * Landlord responsible for structural repairs (if applicable). 6. Insurance Requirements: * Tenant must carry general liability insurance of [, $1 million per occurrence]. * Proof of insurance required before lease start date. 7. Access and Parking: * 6 parking spaces included. * Secured, gated yard available for tenant use. 8. Improvements and Modifications: * Any tenant modifications require landlord approval. * Property must be returned to its original condition at lease end unless otherwise agreed. 9. Termination Clause: * Specify terms for lease termination, such as required notice period (., 30 or 60 days). * Termination clauses in a lease outline the conditions under which either the landlord or the tenant can end the lease agreement. These clauses protect both parties and clarify the consequences of early termination. Below are common termination causes you can include in your lease agreement: * Landlord's Right to Terminate * Non-Payment of Rent: * Failure to pay rent within the agreed timeframe (e.g., after a specified grace period) may result in lease termination. * Breach of Lease Terms: * Violation of lease conditions, such as unauthorized use of the property, illegal activities, or failure to maintain the premises. * Unauthorized Subletting or Assignments: * Tenant sublets or transfers the lease without prior landlord approval. * Damage to Property: * Significant or intentional damage caused by the tenant that compromises the property's functionality or safety. * Violation of Local Laws: * Tenant uses the property in a way that violates zoning, building codes, or other regulations. * Abandonment of Premises: * Tenant vacates the property without notice or intent to continue the lease. * Business Closure or Bankruptcy: * If the tenant's business ceases operations or files for bankruptcy (specific terms for commercial leases). * Tenant's Right to Terminate * Failure to Deliver Possession: * If the landlord cannot provide access to the property on the lease start date. * Uninhabitable Conditions: * If the property becomes unfit for use due to structural damage, hazardous conditions, or failure to provide essential services (e.g., water, electricity). * Breach of Landlord Obligations: * If the landlord fails to perform agreed responsibilities, such as major repairs or maintaining the property. * Force Majeure (Acts of God): * Unforeseen events like natural disasters, government orders, or pandemics that make the property unusable. * Mutual Agreement: * Both parties agree in writing to terminate the lease early. * Mutual Termination Conditions * Notice Period: * Either party may terminate the lease with prior written notice (e.g., 30, 60, or 90 days), provided specific conditions are met. * Early Termination Fees: * A penalty or compensation (e.g., one or two months' rent) paid by the party initiating early termination. * Key Considerations for Termination Causes * Clearly define the notice period required for termination (e.g., 30 days for non-payment). * Specify documentation required for certain terminations (e.g., proof of uninhabitable conditions). * Include any penalties or remedies for wrongful termination by either party. * Would you like help drafting a termination clause tailored for your lease? * 1. Inspection Rights: * Landlord reserves the right to inspect the property with reasonable notice. 11. Late Payment Penalties: * Late fees for overdue rent: [10%]. 12. Other Conditions: * Compliance with local zoning and property use regulations. * Agreement to follow rules for truck maneuvering and loading/unloading operations.
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