Common use of Lease of Real Property Clause in Contracts

Lease of Real Property. The Seller shall lease to Buyer the real property upon which the Premises, currently occupied by Seller, are located. At the closing, Buyer shall enter into a lease agreement with Seller for the Premises currently occupied by the Seller in the form attached hereto as Exhibit "D" (the "Lease"). The monthly rent shall be $2,500 triple net for a period of three (3) years subject to commercially reasonable and customary terms with a renewal option for an additional three (3) years at a rental of $3,000 per month..

Lease of Real Property. The Seller shall lease to Buyer the real property upon which the Premises, currently occupied by Seller, are located. At the closing, Buyer shall enter into a lease agreement with Seller for the Premises currently occupied by the Seller in the form attached hereto as Exhibit "“D" ” (the "“Lease"”). The monthly rent shall be $2,500 triple net for a period of three (3) years subject to commercially reasonable and customary terms with a renewal option for an additional three (3) years at a rental of $3,000 per month..