Leased premises

The "Leased Premises" clause typically identifies the specific property or area being leased in an agreement, including its address and any relevant boundaries or features. This clause ensures that both parties have a clear understanding of the property's specifics and outlines any limitations regarding its use.

11 Leased premises examples

  • Description
    Description of Leased Premises. “Leased Premises” means the lands in Winkler County and Ward County, Texas, described in Exhibit A, attached hereto.
    Document
    Atlas Energy Solutions Inc.
  • Description
    Lessee shall have the right to use any Materials and/or dirt, caliche, and gravel obtained from the Leased Premises to build roads or other sites on the Leased Premises to facilitate the removal of Materials therefrom [***].
    Document
    Atlas Energy Solutions Inc.
  • Description
    Lessee shall maintain the Leased Premises in a neat and orderly condition, free of loose trash and debris, and in keeping with industry standard practices in the sand mining industry. Lessee shall construct and maintain all roads constructed and/or used by Lessee in “all weather” condition such that they are capable of normal use by Lessee and others without significant damage during inclement weather.
    Document
    Atlas Energy Solutions Inc.
  • Description
    Leased Premises: Land and improvements located thereon located in the County of St. Louis and commonly known as 13850 Manchester Rd., St. Louis, Missouri 63011, which is more particularly described and/or depicted in Exhibit “A” attached hereto and incorporated herein by reference.
    Document
    1847 Goedeker Inc. (POLCQ)
  • Description
    Parking: Tenant shall be permitted the non-exclusive use of the parking lot located on the Leased Premises, in compliance with all laws and any reasonable rules and regulations of Landlord.
    Document
    1847 Goedeker Inc. (POLCQ)
  • Description
    ACCEPTANCE OF LEASED PREMISES. Tenant acknowledges that (a) it has inspected and accepts the Leased Premises, (b) the buildings and improvements comprising the Leased Premises are suitable for the purposes for which they are being leased by Tenant, (c) the Leased Premises are in good and satisfactory condition, and (d) no representation as to the repair of the Leased Premises, nor promises to alter, remodel, or improve the Leased Premises have been made by Landlord, except as expressly set forth herein.
    Document
    1847 Goedeker Inc. (POLCQ)
  • Description
    WHEREAS, in 2013 and 2014, Dave Carlson/Enterprise Focus entered into a lease with Landlord leasing the Leased Premises ("Carlson Lease"). The Leased Premises means buildings B and H located on the Real Property, together with related improvements, landscaped areas, and parking facilities
    Document
    MECHANICAL TECHNOLOGY INC (SLNH, SLNHP)
  • Description
    "Leased Premises" means the premises in the Development shown outlined in cross hatching on Schedule "A" annexed hereto (excluding therefrom any portion of the exterior face of the Development).
    Document
    InMed Pharmaceuticals Inc. (INM)
  • Description
    Permitted Use: The Leased Premises are to be used by Sublessee for the sole purpose of warehouse and distribution of agricultural products, electronics and related office uses and for no other purpose whatsoever. Sublessee shall not use or occupy the Leased Premises or permit the same to be used or occupied for any use, purpose or business other than as provided in this Section a) during the Term of this Sublease or any extension thereof.
    Document
    iPower Inc. (IPW)
  • Description
    Landlord and Tenant as defined below, entered into that certain Commercial Lease Agreement dated as of March 23, 2018 covering the Leased Premises (defined below) which was amended and restated by that certain Commercial Lease Agreement dated November 28, 2018 which was further amended and restated by that certain Amended Commercial Lease Agreement dated January 15, 2019 (“Original Lease”).
    Document
    Karat Packaging Inc. (KRT)
  • Description
    Leased Premises. In consideration of the rents, terms, provisions and covenants of this Lease, Landlord hereby leases, lets and demises to Tenant the following described premises (the “Leased Premises”).
    Document
    Karat Packaging Inc. (KRT)

What is a Leased Premises?

A leased premises refers to a space or property that is rented out under a lease agreement. The lease outlines the terms and conditions under which the tenant occupies the property and the landlord receives payment. Leased premises can include commercial spaces such as offices, retail stores, and warehouses, as well as residential properties like apartments, houses, and vacation homes.

When should I use a Leased Premises?

You should consider using a leased premises in several situations:

  1. Business Operations: When starting or expanding a business, leasing a space can be more economical and flexible than purchasing property.
  2. Short-term Needs: If you need a temporary space for a project or event, leasing is an appropriate solution.
  3. Avoiding Ownership Responsibilities: Leasing avoids the maintenance, repairs, and administrative responsibilities that come with owning property.
  4. Testing New Markets: Leasing allows businesses to enter new markets or locations without a long-term commitment.

How do I write a Leased Premises clause?

To write a leased premises clause in a lease agreement, explicitly define the details and terms:

  • Description: Clearly describe the property being leased, including size, boundaries, and any specific areas included (e.g., parking spaces, storage rooms).
  • Purpose: State the permitted use of the premises, such as “solely for retail operation of a bookstore.”
  • Condition: Specify the condition of the premises at the beginning of the lease term and any obligations for repairs.
  • Alterations: Outline guidelines for any modifications the tenant may wish to make and the protocol for approval.

Example: The Leased Premises (“Premises”) is described as approximately 1,500 square feet of office space located at 123 Main Street, Suite 200, City, State. The Premises is to be used exclusively for conducting general office business and cannot be used for any other purposes without prior written consent from the Landlord.

Which contracts typically contain a Leased Premises clause?

Contracts that typically contain a leased premises clause include:

  • Commercial Lease Agreements: For businesses renting office or retail space.
  • Residential Lease Agreements: For individuals or families renting homes or apartments.
  • Industrial Lease Agreements: For leasing warehouses or manufacturing facilities.
  • Sublease Agreements: When a tenant leases the premises to another party.

These agreements ensure that both parties understand their rights, obligations, and the specifics of the leased space, minimizing disputes and clarifying terms of use.

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