Sample Business Contracts

Georgia-Atlanta-8399 Dunwoody Place Lease - TPH & AJM and Telephone Directory Advertising Inc.

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  • Commercial Lease. Start a state-specific lease for the rental of commercial property. Specify the term and rent due, as well as whether the landlord or tenant is responsible for property taxes, insurance, and maintenance and repairs.
  • Commercial Sublease. When a tenant vacates commercial property before the lease term has expired, it may be able to rent the premises to a third party. The tenant would be the sublessor and the third party would be the sublessee. Besides preparing a sublease, both parties will want to review the provisions for assignment or subletting in the original lease agreement between the landlord and the sublessor.
  • Sublease Agreement. Tenants of residential property should prepare a sublease agreement if they are seeking to sublease a room or the entire apartment or house to a third party. All parties should review the original lease agreement to see if there are any restrictions on subletting or assigning the premises.
  • Triple Net Lease. Triple net leases are a type of commercial leases where the tenant has to pay for property taxes, insurance, utilities, and maintenance, in addition to the monthly rent.
  • Office Space Lease. When renting an office space, tenants should understand the amount of the rent and duration of the lease. Other important terms include whether the space can be subleased, which parties are responsible for maintenance, and whether any furniture and furnishings will be provided.

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                                 LEASE AGREEMENT

THIS LEASE, made as of the 1st day of June 1996, by and between TPH & AJM, a
partnership, first party, (herein after called "Landlord"); and Telephone
Directory  Advertising, Inc., second party, (herein after called "Tenant").


The Landlord, in consideration of rents and agreements herein after mentioned,
does hereby rent to the Tenant the following described property (herein after
called "Premises"), to wit:


*** TERM
This lease shall be for a term of 5 years beginning on the 1st day of June 1996,
and ending on the 31st day of May 2001, at midnight, unless terminated sooner as
herein after provided.

Tenant agrees to pay Landlord within the first 10 days of the month during the
term of this lease a monthly rental of $9,955.00 (at the rate of $15.55 per
square foot for 7,680 square feet).

All utility bills, including but not limited to electricity, water, sewer, gas,
fuel, light and heat bills will be paid by Tenant.

Premises shall be used for ADVERTISING AGENCY purposes.  Premises shall not be
used for any illegal purposes; nor in any manner to create any nuisance or
trespass; nor in any manner to cause an increase in the insurance rates on

Landlord agrees to keep in good repair the roof, foundations and exterior walls
of the premises, and underground utility and sewer pipes outside the exterior
walls of the building, except repairs rendered necessary by the negligence of
the Tenant, its agents, employees or invitees.

Tenant shall pay as additional rent during the term of this lease an 
inflation adjustment equal to the annual increase in the consumer price index 
at December 31 of each year applied to the prior year's annual base rent.  
The first increase is effective for rental years beginning after May 31, 1997.

If premises are totally destroyed by any casualty, this lease shall terminate. 
If premises are partially destroyed by casualty, Landlord may, at his option,
reduce the monthly rental or restore the premises to substantially the same
condition as before the damage.  Tenant may, at his option, accept the reduced
monthly rental, wait for restoration, or terminate the lease.

Lease of Buildings No. 5 & 6
8399 Dunwoody Place, Atlanta, Georgia
Page 2

Tenant agrees to indemnify and save harmless the Landlord against all claims for
damages to persons or property by reason of the use of occupancy of the leased
premises and all expenses incurred by Landlord because thereof, including
attorneys fees and court costs.

Tenant may not sublet premises without the written approval of the Landlord.

Tenant may remove all fixtures and equipment which he has placed in the premises
provided that Tenant repairs all damage to premises caused by such removal.

Tenant may not place any exterior signs on the premises without the consent,
written or otherwise, of the Landlord.  In any event, Landlord may, at his
option, require the removal of any exterior sign after written notification to
the Tenant 60 days prior to intended date of removal.

In so far as the following stipulations conflict with any of the foregoing
provisions, the following shall control: NONE.

This lease contains the entire agreement of the parties hereto and no
representations, inducements, promises or agreements, oral or otherwise, between
the parties, not embodied herein, shall be in force or effect.

IN WITNESS WHEREOF, the parties herein have hereunto set their hands.

----------------------------         ----------------------------------------
LANDLORD (TPH & AJM)                 TENANT (Telephone Directory Advertising)

/s/ Tim Hanley Pres.                 /s/ Tim Hanley Pres.
----------------------------        ----------------------------------------
BY AND TITLE                         BY AND TITLE

      6-1-96                                 6-1-96
----------------------------        ----------------------------------------
DATE                                DATE