Depending on the jurisdiction of the transactions and/or parties, Security Deposit Regulations may apply. Check with competent local counsel to determine application to this agreement
[[Tenant EthAddress]]
THIS LEASE MAY NOT BE SOLD OR ASSIGNED WITHOUT THE PRIOR WRITTEN CONSENT OF LANDLORD AND TENANT
Security Deposit Amount:$[[Security Deposit Amount]]
Lease Start Date:[[Lease Start Date]]
Annual Rent:$[[Annual Rent]]
Security Deposit Release:[[Termination Date]]
Notice Period:[[Notice Days]]
Cure Period:[[Cure Period Days]]
[[Tenant EthAddress]]
[[Landlord EthAddress]]
MEM LEASE
This Agreement (the "Lease") is made and entered into this [[Effective Date]], by and between [[Landlord Name]], [[Landlord Address]] (the "Lessor" or "Lessors"), and [[Tenant Name]], [[Tenant Address]] (the "Lessee" or "Lessees").
1. Property.
For the covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Lessor does hereby let and lease unto the Lessee, the following described real property owned or leased by Lessor marked as TATR # [[Voxel Address]], further described as: [[Opensea ID]].
The parties agree to waive the security deposit.
2. Term. The term of this lease shall commence on [[Lease Start Date]] and terminating on [[Lease End Date]] (the "Lease End Date"). The lease will continue month-to-month unless terminated by either party after giving written notice to the other on or before [[Notice Days]] prior to the Lease End Date. Written notice must be given with 30 days notice by mailing and/or email to [[Landlord Name]], [[Landlord Address]].
3. Rent Consideration. The parties agree that Lessee will pay to Lessor $500 per month. The annualized sum of [[Annual Rent]][[$$$ via 💸]] streamed via [[Sablier]] to [[Landlord EthAddress]]. Rent shall be continuously streamed unless there is a "Rent Pause Event" as described in the Landlord’s responsibilities and covenants or the lease is at the Lease End Date. To the extent there is a default of the Lease, or damages incurred to the Landlord through actions of the Tenant, then both parties agree to be subject to binding arbitration with a preference on decentralized arbitration from Curia, or other similar platform. The Landlord must initiate a dispute prior to 10 days after the Lease End Date.
4. Lessor Covenant. Lessor agrees to not disturb the Property unless there is sufficient cause for concern, or actions that violate the law in any jurisdiction that the Landlord in its sole discretion deems to be cause for concern. The Landlord reserves and the Tenant grants to the Landlord the right for the Landlord, his agents, employees, representatives (including maintenance and repair services employed by the Landlord) to enter the premises at reasonable hours for the purpose of inspecting and maintaining the building and the premises for pest control, or to show the premises to prospective buyers or Tenants. Right of Landlord or its employees or representatives to enter the premises at any hour in case of fire, disturbance or other emergency is hereby granted by Tenant. To the extent that the Lessor interrupts Lessee's (or subtenant) use of the property described in [[Voxel Address]], or otherwise breaches a covenant of this agreement, then Lessee may initiate a 20 day period to arbitrate the dispute by pausing the Sablier money stream until which time the issue is resolved to both parites' satisfaction(each event, a "Rent Pause Event").
5. Lessees Covenant. The Lessees agree to provide all labor in order to maintain the Property and Lessee covenants to timely respond to any disburbances notice, violation of building rules or covenants (or similar notice). Lessee agrees to follow all laws and regulations and that ANY legal summons or subpoena are sufficient grounds for "reversion" of the tenancy rights to the Landlord.
6. Income. It is understood and agreed that the Lessees shall enter into another terminable management agreement where the gross income derived from the AirBNB leased property is split with 35% going to the property manager Keytree and 65% to CougarDAO, LLC.
7. Heirs and Assigns. To the extent permitted by applicable law, this agreement shall bind the heirs, personal representatives, successors and assigns of the Lessor; provided, however, that this Lease can be volunatarily assigned without the express written consent of the Lessor or Lessee, which shall not be unreasonably denied.
8. Prohibition Against Subleasing.
The parties hereto do hereby agree that Lessees may sublease and have a short term rental any portion of the Property to any third party without the prior written consent of Lessor having first been obtained.
9. Unlawful Use Prohibited.
The parties hereto do hereby covenant that Lessees shall make no use of the Property which shall be contrary to federal, state, county or local laws or regulations lawfully promulgated by government.
10. Inspection.
The Lessees have entered into this lease based upon the inspection of the Property represented in [[Voxel Address]] made by Lessees and not based upon any representations made by Lessor. Lessees accept the Property in its present condition. Lessor retains the right to come upon said premises at reasonable times to inspect the same so long as it does not disturb the build or work contained therein (subject to all other Lessee conditions in the Lease).
11. Liability.
It is specifically understood and agreed between the parties that Lessees shall be responsible for the furnishing of labor in carrying out any operations and it shall be their sole responsibility to furnish all the necessary labor. Lessees do promise and agree that they shall indemnify and hold harmless the Lessor from all liability that may result to a third party or employees of the Lessees on account of their occupancy and rental of the above-described Property from the Lessor.
12. Default.
It is agreed that time is of the essence of the Lease and in the event the Lessees shall fail or refuse to make any of the payments of any kind or nature which Lessees are contracted to make, at the time and in the manner therein provided, then Lessor shall have the option to declare this lease at an end by giving the Lessees [[Cure Period Days]] days' written notice of the matters in regard to which Lessees are in default. During said [[Cure Period Days]] days, Lessees shall have the right to remedy said default. Said notice shall be in writing, by emailing to Lessees or the Lessees' assigns, at the tenant's email or [[Tenant Name]], [[Tenant Address]]. If there is no remedy of said default within said period of thirty [[Cure Period Days]] days, then Lessees shall forfeit all rights Lessees may have to said property and Lessor may assert dispossession of access, and Lessor shall retain all sums theretofore paid and the security deposit, as agreed liquidated damages, and not as a penalty for the failure of the Lessees to make said payments as hereinabove provided.
13. Alternative Dispute Resolution.
It is specifically understood and agreed between each of the parties hereto that in the event either party to the Lease should default in any manner, whether by failure to make payments specified herein or otherwise, that any disputes of the terms of the Lease, including possession of security deposit, shall be determined via an Alternative Dispute Resolution via Curia or similar mutually agreed ADR.
(a) WAIVER OF JURY TRIAL. TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH OF THE LESSOR AND THE LEESSEE WAIVES AND COVENANTS THAT IT WILL NOT ASSERT (WHETHER AS PLAINTIFF, DEFENDANT OR OTHERWISE), ANY RIGHT TO TRIAL BY JURY IN ANY FORUM IN RESPECT OF ANY ISSUE, CLAIM OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE CONDUCT OF THE PARTIES HERETO, WHETHER NOW EXISTING OR HEREAFTER ARISING AND WHETHER IN CONTRACT, TORT OR OTHERWISE. The foregoing sentence constitutes a material inducement upon which both the Tenant and the Landlord have relied in entering into this transaction. Either party may file an original counterpart or a copy of this agreement with any court as written evidence of the consent to the waiver of rights to trial by jury.
(b) Agreement for Smart Contract Governance. In case of dispute, error or mistake with funding security deposit or rent above, both parties to this agreement agree to appoint Curia (or alternate) to govern and arbitrate the dispute or make best efforts to retrieve or unlock digital assets.
(c) Interpretation; Governing Law; etc. Time is (and shall be) of the essence in this Lease. All covenants, agreements, representations and warranties made in this agreement shall be deemed to have been relied on by the Landlord and Tenant, notwithstanding any investigation made by the parties, and shall survive the execution and delivery of this document. The invalidity or unenforceability of any provision hereof shall not affect the validity or enforceability of any other provision hereof, and any invalid or unenforceable provision shall be modified so as to be enforced to the maximum extent of its validity or enforceability. The headings in this agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof. This agreement constitute the entire understanding of the parties with respect to the subject matter hereof and thereof and supersede all prior and contemporaneous understandings and agreements, whether written or oral. This agreement may be executed in any number of counterparts which together shall constitute one instrument. This agreement, and any issue, claim or proceeding arising out of or relating to this agreement or the conduct of the parties hereto, whether now existing or hereafter arising and whether in contract, tort or otherwise, shall be governed by and construed in accordance with the laws (other than the conflict of laws rules) of the State of [[Venue]].
Landlord: {{signature of Landlord Email}}
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Tenant: {{signature of Tenant Email}}
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