Transfer of Premise Right to Transfer Security Deposit with Premise.
If [PARTY A] sells or otherwise transfers their interest in the Premises, [PARTY A] may transfer the Security Deposit to the purchaser or transferee. If [PARTY A] transfers the security deposit under this paragraph [TRANSFER OF PREMISE], [PARTY A] will be relieved of all liability to [PARTY B] for the return of the Security Deposit, and [PARTY B] may look only to the purchaser or transferee for the return of the Security Deposit. On the Effective Date, [PARTY B] shall pay [PARTY A] a security deposit of $[SECURITY DEPOSIT AMOUNT] (the "Security Deposit"). [PARTY A] may apply any of the Security Deposit to cure [PARTY B]'s Default or breach of this agreement, or to cover operational or maintenance expenses [PARTY B] would otherwise be required to pay. Within [five] days after the termination or expiration of this agreement, if [PARTY B] timely vacated the Premise [PARTY A] shall return to [PARTY B] any remaining balance of the Security Deposit.
Late or Non-Delivery of Possession Liability and Rent for Late Delivery.
If, for any reason, [PARTY A] cannot deliver possession of the Premise to [PARTY B] on the first day of the Term, [PARTY A] will have no liability to [PARTY B], and [PARTY A] will not charge [PARTY B] for Rent until possession is given, and prorate the Rent amount for that first month in accordance with section [PAYMENT OF RENT]. If , through no fault of [PARTY A], [PARTY A] Late or Non-Delivery of Possession Liability and Rent for Late Delivery.
Transfer, Assignment, and Subletting of Lease Consent Required. To obtain [PARTY A]'s consent to a transfer, [PARTY B] shall provide [PARTY A] with notice of the proposed effective date of the transfer, a description of the portion of the Premise to be transferred, all of the material terms of the proposed transfer and the consideration for the transfer, and any other information [PARTY A] reasonably requests to evaluate the proposed transfer.
[PARTY B] may not sublet, assign, encumber, or otherwise transfer any interest under this agreement, unless [PARTY A] consents in writing. [PARTY A]'s Consent Timing of Consent or Rejection.
Subject to paragraph [ELECTION NOT TO RENEW], at the end of each Term this agreement will automatically renew for a renewal term of [RENEWAL TERM MONTHS] months, unless terminated earlier ("Renewal Term"). If [PARTY B] holds over and continues to possess the Premises after the expiration or termination of the Term, [PARTY A] may consider this continued occupancy a month-to-month holdover tenancy under section [HOLDOVER TENANCY] and otherwise subject to this agreement. [Except as listed in either party's disclosure schedule] Neither party has employed any broker or finder or incurred any liability for any brokerage fee, commission or finder's fee [or similar fees, commissions or reimbursement expenses] in connection with the transactions contemplated by this agreement. [PARTY A] shall, at its own expense, perform all replacements and repairs necessary to maintain the exterior of the building in good repair and proper working order, including load bearing walls, stairs and accessways, foundation, downspouts and gutters, and common areas.
[PARTY B] Obligations [PARTY B]'s Obligations to Maintain.
Additional Insured Add Each Other Added to Insurance Policy Each party shall, within [ADDITIONAL INSURED NOTIFICATION DAYS] Business Days' of the Effective Date, have its insurer add the other party as an additional insured to its policy. Each party shall also have its insurer send a certificate to the other party, proving the other party has been added to its policy, and confirming that the insurer will give the other party  Business Days written notice before any proposed cancelation, modification, or reduction in coverage of its policy. No insurance carried by either party will be subject to contribution. Each party shall maintain the insurance necessary to cover its obligations and responsibilities under this agreement, or any amount required by Law, whichever is less, but in no case less than [LIST SPECIFIC POLICIES AND AMOUNTS OF INSURANCE] Proof of Insurance.
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Additional Insured [PARTY A] Added to [PARTY B]'s Policy [PARTY B] shall, within [ADDITIONAL INSURED NOTIFICATION DAYS] Business Days' of the Effective Date, have [PARTY B]'s insurer add [PARTY A] as an additional insured to [PARTY B]'s policy. [PARTY B] shall have its insurer send a certificate to [PARTY A], proving [PARTY A] has been added to [PARTY B]'s policy, and confirming that the insurer will give [PARTY A]  Business Days written notice before any proposed cancelation, modification, or reduction in coverage of [PARTY B]'s policy. Any insurance carried by [PARTY A] will not be subject to contribution. [PARTY B] shall maintain the insurance necessary to cover its obligations and responsibilities under this agreement, or any amount required by Law, but in no case less than [LIST OF SPECIFIC TYPES AND AMOUNTS OF INSURANCE REQUIRED] Proof of Insurance.
At [PARTY A]'s request, [PARTY B] will provide [PARTY A] with certificates or other acceptable proof of its insurance, describing the coverage of its insurance, and notice of any material change to its insurance. [PARTY A] may require [PARTY B] to obtain a reasonable amount of additional insurance, by providing [PARTY B] with good reason for the additional insurance, and requirements for the additional insurance.