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 OR 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]]
[[Termination Date]]
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DEFI DEAL LOCKER
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VOXEL 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 virtual land owned by Lessor situated in the [[Voxel Address]], further described as: [[Opensea ID]].
The parties agree to authorize the LexGrow Contract to hold the security deposit as and when directed by the Tenant. The Tenant shall pay the set‑up fee relating to such contract.
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 from year to year 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 by mailing and/or email to [[Landlord Name]], [[Landlord Address]].
3. Rent Consideration. The parties agree that Lessee will pay to Lessor the annual sum of $[[Annual Rent]][[$$$ via 💸]] streamed via [[Sablier]] to [[Landlord EthAddress]]. Rent shall be continuously streamed unless there is a "Rent Pause Event" as described in the Landlord’s responsibilities and covenants. In addition the Tenant shall pay to the LexGrow a security deposit of [[Security Deposit Amount]][[$$$ via 💸]] that is held in noncustodial escrow during the term of the Lease. 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 from LexDAO or its assigns to arbitrate custody of the security deposit. 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 regarding violations of intellectual property of others, or actions that violate the law in any jurisdiction that the Landlord in its sole discretion deems to be cause for concern. In addition Lessor agrees to add as contributors to the build any metamask addresses that are sent to Lessor at [[Landlord Name]], [[Landlord Address]]. The the extent that the Lessor interrupts Lessee's use of [[Voxel Address]], or otherwise breaches a covenant of this agreement, then Lessee may initiate an action by pausing the Sablier money stream until which time the issue is resolved to Lessee's 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 and take down any infringing works for which it has received a DCMA takedown notice(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. Lessee Covenants that it will take down immediately all content that may be subject to such order or summons.
6. Income. It is understood and agreed that the Lessees shall receive all income derived from the leased property and shall pay all expenses incurred.
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 not sublease 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 [[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 LexDAO or its assigns.
(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 LexGrow Contract Governance. In case of dispute, error or mistake with funding security deposit or rent above, both parties to this agreement agree to appoint LexDAO to govern and arbitrate the dispute or make best efforts to retrieve or unlock digital dollars in the LexGrow Contract and agree to fully indemnify and release LexDAO from all liability associated with the smart contract, loan, lease, and any potential loss of funds. Parties may initiate resolution through the "resolve" function of the LexGrow Contract which is considered a request for dispute resolution under this clause. LexDAO specifically disclaims all liability associated with using this form.
(i) LexGrow and LexDAO are projects both in beta.
(ii) Please audit and use at your own risk.
(iii) Entry into LexDAO resolution shall not create an attorney/client relationship.
(iv) Nothing herein shall not be construed as legal advice or replacement for professional counsel and parties agree to seek professional legal advice.
(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]].
(d) Following Landlord's registration of this DeFi Deal Locker ("DDL") to the smart contract located at Ethereum address subject to all licenses and terms thereof 0x609FeE2c94076D2b44F0b1BDB9EBB33877355C5d, this DDL shall be open until all parties execute the written agreement via signature below and the Tenant draws the funds upon the change of state from the associated DDL `released` value to `true`.
Any and all disputes related to this DDL and its terms shall be resolved by means of binding arbitration directed by lexDAO via its Aragon Agent Ethereum Address (0x97103fda00a2b47EaC669568063C00e65866a633).
Landlord: {{signature of Landlord Email}}
0x[[Landlord EthAddress]]
Tenant: {{signature of Tenant Email}}
0x[[Tenant EthAddress]]