RECREATIONAL FACILITY LEASE AGREEMENT

 

I. AGREEMENT. This Recreation Facility Lease Agreement between Friends University, residential address of 2100 W University Ave, Wichita, KS 67213, United States, and Wichita North High School, with the residential address of 1437 N Rochester St, Wichita, KS 67203, United States, Kansas. The Manager and the Occupant altogether mentioned as “Parties.” agree to the following:

 

II. LEASE TERM. The Occupant will be allowed to grace the said properties for three days, effective on Thursday, November 25, 2021, and shall conclude on Saturday, November 27, 2021.

 

III. THE PREMISES. The Manager agrees to hire part of the recreation facility located at 2100 W University Ave, Wichita, KS 67213, United States. The recreation facility, with a land area of 12,140.568 Square Meters, comprises a playing area of 4,520.43 Square feet, a parking area fitted with security cameras, and a stadium bleacher to host the community as you play. We also have a hospital to help those who need any medical attention; a restaurant can also serve your needs if you feel hungry; finally, the washroom section is located for each area around the recreation facility. The said properties are to be fully hired by the Manager only to comply with the required rules and regulations.

 

 

 IV. RENT PAYMENT. The Occupant agrees to pay thirty thousand dollars payable on the last day of the tournament. If the hiring cost is not paid in good time, considering the due date to be the final day of the match, the Manager may terminate this Lease Agreement. An amount of three thousand dollars shall be paid by the Occupant to the Manager for any late payments. Returned checks shall have an additional charge of two thousand dollars.

 

V. SECURITY DEPOSIT. The Occupant shall deposit twenty-five thousand dollars for the Occupant’s faithful performance of the rules and regulations outlined in the Agreement. Security Deposit is refunded to the Occupant within two working days after the cessation of this Agreement less the damages resulting from the Occupant's tenancy. The said down payment shall not be credited to any rent payments unless written consent from the Manager is provided.

 

VI. UTILITIES. The Occupant agrees to pay the following utilities: additional security to handle their fans and players, and entertainment services before, during, and after the games.

 

 

 

VII. SMOKING POLICY. The Occupant shall only be allowed to smoke in the designated smoking area to avoid disputes and complaints from other members of the facility who attend as fans, security of medical practitioners. Should an occupant be caught smoking in a non-smoking area, a total of eight hundred and fifty dollars will be penalized.

 

VIII. POSSESSION. The Occupant has inspected the property and deems it in good order and at this moment accepts the current condition of the property unless otherwise stated. The Occupant can cancel the Lease agreement should the Manager fail in transferring the possession effective on the date of this Agreement. will refund the down payment to the Occupant and any other amount paid before the Agreement's effective date.

 

IX. ACCESS.  Based on the Agreement's implementation, the Manager will provide the Occupant with keys, cards, or any material of security used to gain entry to the properties will need the Manager's permission for any duplicate copies of the security material requested by the Occupant. In case of losses, the Occupant shall pay the corresponding fee of five hundred dollars. In the expiry of this Agreement, all materials of access shall be returned to the Manager, and losses or damages to these materials shall be deducted from the Security Deposit.

 

X. REPAIRS, ALTERATION, AND MAINTENANCE. The Occupant is responsible for maintaining the neatness and cleanliness of the Premises up until the expiration of this Agreement. Any changes to the Premises by the Occupant shall require the Manager’s consent. The Manager is held responsible for repairing the equipment, appliances, and other items that come with the Premises that belong to the Manager.

 

XI. SUBLETTING. The Occupant shall not be allowed to sublet the Premises or any part of the Premises without the written consent of the Manager.

 

 

XII. ABANDONMENT. Suppose the Occupant abandons the Premises for a maximum of two days or as required by the State law. In that case, the Manager may terminate this Agreement and rid the Premises off of the personal belongings of the Occupant. 

 

XIII. AUTHORIZATION OF ENTRY. The Manager shall have permission to access the properties during normal business hours, given that a note has been furnished 24 hours before the entry. The said entry may be for the following reasons: repairs, maintenance, improvements, inspections, and other related matters. The Manager has the right to show the Premises to prospective lessees and purchasers alike with reasonable notice.

 

XIV. ASSIGNMENT. The Occupant shall not assign the Premises, including its rights and interests, unless approved by the Manager. An approved assignment from the Manager does not constitute an approval of the next assignment

 

XV. DEFAULT. The following grounds shall constitute a default of this Agreement: (i) occupant's failure to pay the required rent as stipulated in this Agreement even after a notice has been given; (ii) The Occupant has provided false information in the rental application; (iii) The Occupant has abandoned the Premises as stipulated in Section XIV; (iv) The Occupant has committed a criminal offense, such as inflicting potential and actual harm to other person and the possession or use of an illegal substance; (v) The Occupant has violated health, fire, and safety laws, as well as criminal laws, even with the absence of a conviction or arrest; (vi) Presence of illegal substance and paraphernalia are found in the Premises and; (vii) Other grounds of a default authorized by law.

 

XVI. INDEMNIFICATION. The Lessee agrees that the Manager shall not be held accountable for any vandalization or destruction caused by the Lessee, or different persons, happening on the properties or any other part. The Manager shall also be held harmless for any claims or damages that may arise during the term of this Agreement.

 

XVII. GOVERNING LAW. This Agreement shall comply with the laws of the State of Kansas.

 

XVIII. COMPLETE AGREEMENT. Both Parties come into terms to follow the rules and regulations presented in this Agreement, including its attachments and appendices. All previous oral discussions and agreements shall be replaced with this Agreement. This Agreement shall bind both Parties until its conclusion.

 

OUTLINE

RECREATIONAL FACILITY LEASE AGREEMENT

 

Thesis statement: This paper entails the discussion of an agreement between two parties on leasing terms of a recreational facility for a basketball tournament scheduled to happen on the thanks giving day.

1. Real contract written and signed between the two parties.