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The Lease Agreement no later than March 31, 2006, or such other date as may be mutually agreed to by the parties. The parties agree to more fully memorialize these agreements in Partnership, will serve to document the agreement of such parties on the principal terms of an Office Lease Agreement (the Lease Agreement) to be executed by the parties. This Memorandum of Understanding, by and between Valero Corporate Services Company, a Delaware corporation, and Valero Logistics Operations, L.P., a Delaware limited Valero Logistics Operations, L.P., as Tenant The owner never want their offices to be empty, so always negotiate according to your terms.Memorandum of Understanding Regarding Office Lease Agreement.Never buy the first place, look for more places so you can find the right place for your business.Tips to make Office Sublease Agreement Effective What happens if a lease agreement ends up badly, also think before taking the office.Think who is going to pay for the renovation and maintenance charges.Also calculate how much the lease is monthly is going to cost you.Do not rush, take some time to find a suitable office for yourself.Office Sublease Agreement Common Mistakes Tenant should surrender the office in neat, working and functioning condition.Tenant is obligated to land lord for liquidated damages, in case of being a default y.The lease will be canceled, if the tenant’s or any of his client is involved in bankruptcy.If the office is taken by the government, automatically the sublease agreement would be terminate.Tenant also give guarantees he will not create any kind disturbance and he would place his office equipment according to the certificate of occupancy.In the contract the tenant also guarantees his use of electricity will not exceed than the capacity.Land lord will not be responsible for any kind of theft, loss or damage caused to the tenant’s office.The agreement hold’s tenant right of basic services of electricity, water and gas.Land lord and his servants can inspect the office at any time.If the tenant is found default y of any terms and conditions, Land lord can ask him to ask fees and expenses with entrust.The land lord has the right to make alterations in the office.It’s his responsibility to inform the owner at once. If the commercial office is burned by fire, or any damage done to the office not by the tenant or his employees.In the agreement the tenant have the right to sue the land lord, if he breaks the contract without any reason.If any damage is caused to the office by tenant or tenant’s employees, then he will pay the expenses. It is tenant’s duty to keep the office in neat, working and functioning condition.If the tenant’s has deposited the security to the land lord, it should be mentioned.The contract also states that the tenant is taking the office in “as is” order.
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Additional rents, security deposits, and any additional insurance premiums to the land lords should also be mentioned.
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Terms and Conditions of the Office Sublease Agreement