Commercial Lease Agreement between GNS Family Partnership LLC and The GNS Group, Inc.
This agreement is a three-year commercial lease between GNS Family Partnership LLC (landlord) and The GNS Group, Inc. (tenant) for the property at 4017 Colby Avenue, Everett, WA. The tenant will use the premises as offices and a furniture showroom, pay $4,000 monthly rent, and is responsible for repairs and property taxes. The lease is governed by Washington state law and requires the tenant to comply with all applicable regulations.
Exhibit 10.1
COMMERCIAL LEASE AGREEMENT
This Commercial Lease Agreement is made and effective, July 6, 2006 by and between GNS Family Partnership LLC, (“Landlord”) and The GNS Group, Inc. (“Tenant”).
Landlord is the owner of the land and improvements commonly known as: 4017 Colby Avenue, Everett, WA 98201.
Landlord desires to lease the Leased Premises to Tenant and Tenant desires to lease the Leased Premises from Landlord for a term, at the rental and upon the covenants, conditions, and provisions herein set forth:
Term: - The term of this lease shall be for a period of three (3) years beginning July 6, 2006 and ending July 5, 2009.
Rental: - Tenant shall pay to Landlord the monthly sum of $4,000 due and payable on or before the 1st of each month.
Use: - The leased premises shall be used for offices and as a showroom for furniture.
Repairs: - During the Lease Term, Tenant shall make, at Tenant’s expense, all necessary repairs to the Leased Premises.
Property Taxes: - The payment of all property taxes shall be the responsibility of the Tenant.
Governing Law: - Tenant shall comply with all laws governing the use of the Leased Premises.
This Agreement shall be governed, construed and interpreted through and under the State of Washington.
ROULA JARJOUR
By: Roula Jarjour
GNS Family Partnership LLC
ANTOINE JARJOUR
By: Antoine Jarjour
The GNS Group, Inc.
