Wyoming warehouse lease agreement template

Wyoming Warehouse Lease Agreement

This Warehouse Lease Agreement ("Agreement") is made and entered into as of [Date of Execution], by and between:

Landlord: [Landlord Name], a [Landlord Entity Type, e.g., Corporation] with a principal address at [Landlord Address], and contact details: Phone: [Landlord Phone], Email: [Landlord Email], hereinafter referred to as "Landlord". Proof of authority of signatory provided: [Proof of Authority Documentation].

Tenant: [Tenant Name], a [Tenant Entity Type, e.g., LLC] with a principal address at [Tenant Address], and contact details: Phone: [Tenant Phone], Email: [Tenant Email], hereinafter referred to as "Tenant". Proof of authority of signatory provided: [Proof of Authority Documentation].

1. Leased Premises

The Landlord hereby leases to the Tenant, and the Tenant hereby leases from the Landlord, the warehouse premises located at [Street Address], [City], [County] County, Wyoming, with the following legal description: [Legal Description]. Parcel Identifier: [Parcel Identifier].

The Leased Premises are further defined as follows:

• Total Square Footage: [Square Footage] sq. ft.
• Floor Plan Attached as Exhibit A: [Yes/No]
• Clear Ceiling Height: [Ceiling Height] feet
• Number of Loading Docks: [Number of Docks], Type: [Dock Type, e.g., Interior/Exterior, Levelers]
• Number of Bay Doors: [Number of Bay Doors]
• Sprinkler/Fire Suppression System: [Yes/No], Type: [System Type]
• Racking/Equipment in Place: [Yes/No, Description of Racking/Equipment]
• Dedicated Outdoor Yard Space: [Yes/No, Area Description]
• Access/Egress Restrictions: [Description of Restrictions]

2. Permitted Use

The Leased Premises shall be used solely for the purpose of warehouse, storage, and/or distribution center operations, compatible with local zoning regulations.

• Option A: Permitted uses also include: [List of additional permitted uses]
• Option B: Specifically Prohibited Uses: Residential, Manufacturing, or any unauthorized industrial use.

3. Landlord Representations

Landlord represents and warrants that the Leased Premises comply with all applicable Wyoming zoning regulations, local fire codes, environmental regulations, and safety regulations.

• Option A: Landlord discloses the following known environmental hazards or contamination: [Description of Hazards]. If none, state "None".
• Option B: Landlord represents to the best of their knowledge there are no known environmental hazards.

4. Lease Term

The Lease Term shall commence on [Commencement Date] and shall continue for a period of [Lease Duration] years.

• Option A: Renewal Rights: Tenant shall have the option to renew this lease for [Number] additional [Years/Months] term(s), provided written notice is given to Landlord at least [Number] days prior to the expiration of the initial Lease Term.
• Option B: Early Termination: Tenant may terminate this lease early by providing [Number] days written notice and paying a termination fee of [Termination Fee Amount or Formula]. Referencing Wyoming’s notice requirement guidelines.

5. Rent and Security Deposit

Tenant shall pay Landlord a monthly base rent of [Monthly Rent Amount], payable in advance on the [Day] day of each month, beginning [Date].

• Option A: Step-Up/Escalation: The monthly rent shall increase to [New Rent Amount] on [Date].
• Option B: Adjustment for Property Tax or Insurance Increases: Rent will be adjusted annually based on increases in property taxes and insurance.

Tenant shall deposit with Landlord a security deposit of [Security Deposit Amount], which shall be held by Landlord in accordance with Wyoming law. Security deposit shall be returned within [Number] days of lease termination, less any deductions for damages beyond normal wear and tear or unpaid rent.

6. Utilities, Taxes, and Insurance

Responsibility for payment of utilities, property taxes, and insurance:

• Option A: NNN (Triple Net) Lease: Tenant shall pay all utilities, property taxes, assessments, and insurance premiums.
• Option B: Gross Lease: Landlord shall pay all utilities, property taxes, assessments, and insurance premiums.
• Option C: Modified Gross Lease:
  • Landlord shall pay for: [List of Landlord-Paid Expenses].
  • Tenant shall pay for: [List of Tenant-Paid Expenses].

7. Tenant Improvements

Tenant Improvements: Tenant may make improvements to the Leased Premises with Landlord's prior written consent, which shall not be unreasonably withheld.

• Option A: Tenant shall pay for all improvements, and ownership of such improvements shall transfer to Landlord upon termination of the lease.
• Option B: Landlord shall pay for improvements up to [Dollar Amount], and ownership shall remain with Tenant unless otherwise agreed upon in writing. Permitting with Wyoming local authorities and ADA compliance are the responsibility of the Tenant.

8. Maintenance and Repair

Landlord shall be responsible for maintaining the structure, roof, HVAC system, and loading docks.

Tenant shall be responsible for maintaining the interior of the Leased Premises, pest control, and security systems.

• Option A: Landlord will maintain fire/life safety system.
• Option B: Tenant will maintain fire/life safety system. Notice and right to cure for defects apply per Wyoming law.

9. Operational Covenants

Tenant agrees to the following operational covenants:

• Hours of Operation: [Hours of Operation]
• Truck and Delivery Access: [Description of Truck Access, Weight Limits, Hours, Traffic Routing]
• Parking and Trailer Storage: [Description of Parking Rights]
• Signage Permitted: [Description of Signage Permitted]
• Handling of Hazardous Materials: Tenant shall handle all hazardous materials in full compliance with local, state, and federal regulations including the Wyoming Department of Environmental Quality.

10. Insurance

Tenant shall maintain property, casualty, and liability insurance with minimum coverage of [Dollar Amount].

• Option A: Tenant shall provide Landlord with a certificate of insurance.
• Option B: Waiver of Subrogation: Both parties agree to waive subrogation rights.

11. Fire, Disaster, and Eminent Domain

In the event of fire, disaster, or eminent domain, rent shall be abated proportionally to the extent the Leased Premises are unusable.

• Option A: If the Leased Premises are rendered completely unusable, either party may terminate this lease.
• Option B: Landlord shall have the option to restore the Leased Premises, and rent shall be abated during the restoration period.

12. Assignment and Sublease

Tenant shall not assign this lease or sublease the Leased Premises without Landlord's prior written consent, which shall not be unreasonably withheld.

• Option A: Landlord’s approval rights comply with Wyoming’s standard of reasonableness.
• Option B: Tenant remains liable even with assignment.

13. Compliance with Laws

Tenant shall comply with all applicable Wyoming state laws, county and municipal codes, and industry regulations for warehouse operations. Tenant shall obtain and maintain all necessary licenses, permits, or registrations.

14. Inspection Rights

Landlord shall have the right to inspect the Leased Premises upon [Number] hours' notice, in accordance with Wyoming notice requirements for entry.

15. Lien Rights

Landlord shall have a Wyoming statutory warehousemen’s or landlord’s lien for unpaid rent.

• Option A: Legal notice protocols apply.
• Option B: Treatment of abandoned property left by tenant follows Wyoming law.

16. Security Deposit Return

Landlord shall return the security deposit, less any lawful deductions, within [Number] days of lease termination, as per Wyoming statutes.

17. Move-In and Move-Out

Upon termination of this lease, Tenant shall surrender the Leased Premises in a clean and good condition, reasonable wear and tear excepted.

• Option A: Tenant shall remove all equipment and racking.
• Option B: Landlord's right to dispose of abandoned property under Wyoming’s statute.

18. Dispute Resolution

Any disputes arising under this Agreement shall be resolved through negotiation, then Wyoming-based mediation/arbitration. Venue shall be in the county where the property is located, and Wyoming law shall govern.

19. Taxation

Tenant shall be responsible for payment of all personal property or inventory taxes imposed by Wyoming.

• Option A: Landlord shall pay state and local property tax.
• Option B: Tenant shall pay state and local property tax. Clarification on state sales or use tax remittance if storage is part of taxable transactions.

20. Legal Compliance

Tenant shall comply with all applicable labor and employment laws, OSHA/Wyoming worker safety rules, and best practices for emergency procedures.

21. Illegal Activity

Tenant shall not engage in any illegal activity or nuisance on the Leased Premises. Landlord shall have the right to terminate this lease and evict Tenant using procedures in Wyoming’s Forcible Entry and Detainer statutes.

22. Force Majeure

Neither party shall be liable for any failure to perform its obligations under this Agreement due to force majeure events recognized in Wyoming.

23. Easements

Railroad, pipeline, or utility easements impacting the warehouse: [Description of Easements, if any]. If none, state "None."

24. Notices

All notices under this lease shall be written and delivered per Wyoming commercial lease best practice (postal service, personal delivery, or accepted overnight courier) with effective date definition.

25. Entire Agreement

This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements and understandings. This Agreement may be modified only in writing, signed by both parties. Blanks or addenda comply with Wyoming contract evidence law.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

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[Landlord Name], Landlord

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[Tenant Name], Tenant