A short form lease is a simplified version of a standard lease agreement that outlines the essential terms and conditions between the landlord and tenant, often omitting detailed provisions for the sake of brevity. This type of lease typically includes fundamental details such as the identification of the parties involved, property description, lease duration, rent amount, and basic obligations, while more complex terms may be addressed in supplemental documentation.
Short form lease. At the request of either party, a memorandum of lease or short form lease will be executed and recorded.
Upon delivery by the Grantors to the Company of [Redacted: Commercially Sensitive Information, then: (i) the Company and the Grantors shall forthwith execute and deliver a lease of the Delta 1 Assets and Operations in substantially the same form as the lease among Village Farms, VFLP and the Company, with such amendments as described in Schedule “C” attached hereto, upon the terms and conditions provided therein (the “Lease”) and all agreements and instruments referred to therein, including without limitation the Short Form Lease, each as defined therein. The term of the Lease (the “Term”) shall commence on a date mutually determined by the Grantors and the Company, acting reasonably, in order to allow the Grantors sufficient time to close their Tomato Growing Operations at the Delta 1 Assets and Operations prior to the commencement of the Term without incurring undue financial losses.
This Lease shall not be recorded, but Lessee requests that an appropriate Short Form Lease be recorded at the Register of Deed’s Office in Lexington County, SC. to place all parties on notice of the granting of this Lease for the term hereof. The Lessee will bear the costs of such recording.
Tenant agrees not to record the within Lease, but each party hereto agrees, on the request of the other, to execute a so-called Notice of Lease or short form lease in form recordable and complying with applicable law and reasonably satisfactory to both Landlord’s and Tenant’s attorneys. In no event shall such document set forth rent or other charges payable by Tenant under this Lease; and any such document shall expressly state that it is executed pursuant to the provisions contained in this Lease, and is not intended to vary the terms and conditions of this Lease.
Simultaneously with the Parties’ execution of this Lease, Landlord shall execute a recordable Memorandum or Short Form Lease in the form attached hereto as Exhibit M and incorporated herein by reference, which may be recorded by Tenant at Tenant’s expense.
If the Landlord so consents in writing, only a short form of lease consented to by the Landlord (containing no financial particulars) will be registered and the Tenant will pay all costs of preparation and registration of such short form lease, including the costs of any explanatory plan required by the Land Title Office.
A Short Form Lease is a simplified version of a traditional lease agreement. It contains the most essential terms and provisions of a lease, usually formatted in a concise manner. Unlike a standard lease, which can be detailed and lengthy, a short form lease highlights key elements, such as the property description, rental terms, and obligations of both parties, while omitting more comprehensive clauses and details.
A Short Form Lease is particularly useful in situations where:
When crafting a Short Form Lease, you should:
Identify Key Components: Clearly highlight essential information such as:
Be Concise: Use clear, straightforward language to convey essential terms without unnecessary detail.
Use Templates: Consider using existing short form lease templates which can expedite the drafting process and ensure you don’t omit crucial elements.
Review Legal Requirements: Ensure compliance with local landlord-tenant laws and regulations to avoid invalidating the lease agreement.
Seek Legal Advice: If unsure, consulting a legal professional can help ensure the lease is both concise and compliant with applicable laws.
The following contracts might typically integrate a Short Form Lease:
Residential Lease Agreements: For apartments, houses, or rooms where the lease terms are straightforward.
Commercial Lease Agreements: When leasing commercial properties like offices or retail spaces without complex arrangements.
Lease Renewals: Short form leases are apt for scenarios where existing lease terms need minimal changes or extensions.
Sublease Agreements: When the original lessee sublets the agreement under similar terms and conditions.
Example: A Short Form Lease in a residential context may state:
“The Tenant agrees to lease the premises located at [Address] for a term of [Duration], beginning on [Start Date] and ending on [End Date], with a monthly rental payment of [Amount] due on the first day of each month.”
By focusing on brevity and clarity, a Short Form Lease can successfully capture the essential aspects of a lease agreement without overwhelming the parties with excessive detail.
Try our AI contract analysis and extract important clauses and information from existing contracts.
< <
Dive deeper into the world of clauses and learn more about these other clauses that are used in real contracts.
The Sick Leave clause outlines the conditions under which an employee can take time off due to illness, including the amount of leave allowed, any documentation required for extended absences, and whether the leave is paid or unpaid. It ensures that employees have the necessary time to recover from illness without fear of job loss or penalty.
A "sign-on bonus" clause refers to a financial incentive provided by an employer to a new employee as part of their employment agreement, typically paid upon the employee's commencement of work. This bonus is often used to attract top talent or compensate for potential losses incurred by the employee when leaving their previous job.
The signage clause outlines the rights and responsibilities related to the placement, design, and maintenance of signs on a property or venue. It typically specifies approval processes, compliance with local regulations, and potential financial responsibilities for both parties involved.
Fill out the form and we will get in touch with you to give you a personal, customized demo of fynk.
Greetings!
I'm Markus, co-founder of fynk. After you've submitted the form, I'll swiftly get in touch with you.
Also, right after you submit your details, you can pick a time that works best for you for our meeting.
