Virginia Commercial Lease Agreement
This Commercial Lease Agreement ("Lease") is made and effective _January 1, 2007_
by and between
_Sperry Van Ness_
("Landlord") and _John Smith
Landlord is the owner of land and improvements commonly known and numbered as _8920 Southlawn
Avenue, Arlington, Virginia 22333, Fairfax County_
and legally described as follows (the "Building"):
_Engleside Office Park, Building 3, Unit 115_.
Landlord makes available for lease a portion of the Building designated as _Suite #115_
Landlord desires to lease the Leased Premises to Tenant, and Tenant desires to lease the Leased
Premises from Landlord for the term, at the rental and upon the covenants, conditions and provisions
herein set forth.
THEREFORE, in consideration of the mutual promises herein, contained and other good and valuable
consideration, it is agreed:
A. Landlord hereby leases the Leased Premises to Tenant, and Tenant hereby leases the same from
Landlord, for an "Initial Term" beginning _January 1, 2007_
and ending _December 31,
shall use its best efforts to give Tenant possession as nearly as possible at the beginning of the Lease
term. If Landlord is unable to timely provide the Leased Premises, rent shall abate for the period of delay.
Tenant shall make no other claim against Landlord for any such delay.
B. Tenant may renew the Lease for one extended term of _five years_
. Tenant shall exercise such
renewal option, if at all, by giving written notice to Landlord not less than ninety (90) days prior to the
expiration of the Initial Term. The renewal term shall be at the rental set forth below and otherwise upon
the same covenants, conditions and provisions as provided in this Lease.
A. Tenant shall pay to Landlord during the Initial Term rental of _$32,400.00_
per year, payable in
installments of _$2,700.00_
per month. Each installment payment shall be due in advance on the first day
of each calendar month during the lease term to Landlord at _243 Porter Creek Road, Elma, Washington
98541, Suite #43_
or at such other place designated by written notice from Landlord or Tenant. The rental
payment amount for any partial calendar months included in the lease term shall be prorated on a daily
basis. Tenant shall also pay to Landlord a "Security Deposit" in the amount of _$2,700.00_
B. The rental for any renewal lease term, if created as permitted under this Lease, shall be _$37,200.00
per year payable in installments of _$3,100.00_
Notwithstanding the forgoing, Tenant shall not use the Leased Premises for the purposes of storing,
manufacturing or selling any explosives, flammables or other inherently dangerous substance, chemical,
thing or device.