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Gov't Contract Com'l Lease (Favors Lessee)

This Agreement reduces rental rates, costs and facility leasing risks for the federal government contractor lessee.

Gov't Contract Com'l Lease (Favors Lessee)
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This is the form you need if you are a federal government contractor and you want to lease office space as a Tenant thereof under terms that allow you to terminate the lease if your government contract is terminated.”
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Form Overview
The Government Contractor Commercial Lease favoring the Lessee resolves the risks of leasing commercial office space in favor of the Lessee. The specifics of the arrangement start with a definition of the Premises by referencing two exhibits. Exhibit A requires the draftsperson to define the legal address of the Building for the Premises (not included). Exhibit B proposes a drawing of the Premises (not included). The rent clause renders the rental payment obligation contingent upon occupancy. The initial term is defined by referencing Commencement and End Dates and can be for any period of days specified by the parties. A renewal option extends for five consecutive contract year periods (usually October 1st to September 30th). The renewal option extends to the entire premises as well as any portion thereof. A right of first refusal is also extended to Lessee, and Lessee has the right to terminate the Lease if the applicable government contract (reference by Contract Number) is terminated. Lessee utility costs are separately metered. Lessor has responsibility for completing leasehold improvements as defined in a separate Exhibit C (not included). Lessee has broad parking and signage rights. Sign installation is as set forth in Exhibit D (not included). Any default by Lessee under the Lease is subject to a thirty-day opportunity to cure after receiving notice of such default from Lessor. You can find answers to your questions using our extensive library of audio questions and answers
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