A booth or salon rental lease agreement is a contract that is entered into between a retail hair salon or booth and an individual who is interested in taking up occupancy for a limited duration of time. Under this agreement, the individual concerned shall remit the rental payment and in some instances a certain percentage of his income periodically. The premise is wholly used for hair styling and haircuts.
How to write?
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Step I: Enter the Address of the Property
Start off by entering the address of the retail hair salon or booth you are interested in letting. By the address, we mean the streets, state, and zip code wherein the said piece of property lies. Alongside this should be the names and the addresses of the lessee.
Step II: Fill in the size of the premise
Next, you have to fill in the size of the premise you wish to lease out. This is often designated in square feet. It shows just how much space there is to give out. That way, the would-be tenant will get to know what to expect and possibly make use of in the course of occupying the property.
Step III: Delineate the Terms of the agreements
By ‘terms of the agreement,’ we mean the duration of time in which the lease will be effective. There are three main kinds of lease agreements, namely:
- Fixed lease – Lasts longer than a month and is in many cases non-renewable. Here, the two parties spell out the start and end dates of the agreement.
- Month-to-month Lease – This lasts strictly one month or 30 days. The agreement states the dates when the lease shall start and end. Given that it may be terminated premature, a clause exists which specifies when exactly such a termination may be invoked.
- Week-to-weak Lease – As the name implies, this one strictly stays in force for one week. It remains in force on a week-to-week basis until either party decides to bring it to an end. A clause also exists here to specify exactly when termination may have to be invoked.
Step IV: Jot down the Monthly Rental
Needless to point out, you have to part with some money to keep securing the advantages that the facilities bring along. You have to clearly jot down how much money you expect the tenant to pay you for subletting your premise.
Step V: Lessor’s Payment Address
This refers to the address where the rental dues shall be channeled. It basically lists down the many options which the tenant has in his possession. They may be checks, cash, cards, and online remittances, to name but a few! You basically list all options and let the lessee pick one of his choices.
Step VI: Draft a List of Equipment and Fixtures
A typical piece of property definitely has many fixtures and equipment. It is also necessary that you list all of them to let the tenant know about them beforehand. Some of these are cable services, internet connectivity, landline connections and so on.
Step VII: Conditions for Default by Lessee
To be on the safe side, it is necessary also to indicate the conditions that constitute a default by the lessee and the penalties that come along. This obviously is to give the tenant psychological preparations to anticipate and handle such issues accordingly if and when they arise.
Step VIII: Delineate the Governing Law
In the unlikely event that any disputes arising out of the use of the property, such issues will definitely spill to a courtroom. This form has to state exactly where the said disputes will be handled. It has to state the exact state under whose jurisdiction the contract falls.
Step IX: Append your Signature
As a final measure, you should append your signature and those of the witnesses and third parties. Make several copies and then serve each party with at least one copy.