SHELF SPACE RENTAL AGREEMENT
This Shelf Space Rental Agreement effective as of ________________is entered into by and between ________________________ (‘Landlord’) and ____________________________ (‘Tenant’). Collectively referred to as ‘Parties’ and individually referred to as ‘Party’. The Parties intend to be legally bound as follows:
- Rental Space. The Space to be rented under this Agreement, is identified as Rental Unit no _____________. The Tenant may restock at any time during business hours or possibly make arrangements outside business hours.
- Term and Termination. The Term of the Agreement will commence on _____________________ (‘Commencement Date’) and continue effectively for ____________ months. This Agreement may be terminated by the Tenant notifying the Landlord 30 days prior to the termination of the Agreement. The Landlord may terminate this Agreement if the Tenant fails to pay rent for their rental space.
- Rent. The Tenant is liable for the payment of rent of $ ____________ per month. The Rent is due on the first day of every month. The Landlord will accept cash payment, check payment or credit card payment.
- Late Fee. Rent will be due of the 1st of every month. If Tenant fails to pay rent in full before the end of the fifth day after it is due, Tenant will pay Landlord a late charge of $ 5. Additionally, rent will be deducted from your till and the Tenant will be responsible for the remainder. The Tenant will not collect from their till if their rent is past the due date.
- Labor Utilities. The Landlord will charge Tenant 7.6% of the Tenant’s gross sales per month to cover labor utilities.
- Waiver. The Landlord has security cameras around the premises to monitor security. However, the Landlord will not be liable for any damages to Tenant’s property whether by loss, theft, or breakage. The Tenant shall ensure safety of their shelves.
- Maintenance of shelf. The Tenant must keep the shelf in clean and sanitary condition and mark all items clearly with price stickers containing initials to make it easier for cashiers. The Tenant must come in at least twice per month to check self and stock.
- General Conduct. The Tenant is encouraged to be present during events to help watch the store and promote their item. The Tenant is expected to relate well with other Tenants and avoid unruly behavior such as competing or bullying.
- Dispute Resolution. Any dispute arising between the Parties shall be solved in amicably through mediation.
- Governing Law. This Agreement shall be governed and construed by the laws of the State of __________________________
- Entirety. This Agreement constitutes the entire contract between the parties. All terms and conditions contained in any other writings previously executed by the parties regarding the matters contemplated herein shall be deemed to be merged herein and superseded hereby. No modification of this Agreement shall be deemed effective unless in writing and signed by the parties hereto.
The Parties execute the agreement as follows:
NAME: _______________________
SIGNATURE: __________________
DATE: _______________________
NAME: _______________________
SIGNATURE: __________________
DATE: _______________________
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