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Standard Commercial Lease Agreement is a legal contract between a lessor and a lessee. This file contains sixteen pages, and it describes all items in detail. You should pay attention to this agreement no matter you are the tenant or the landlord. When there is any dispute arising in the future, you can have a look at this agreement to see whether there is a solution or not.

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incurred in responding to federal, state, or local laws, strict liability, or common law.
27. WAIVER OF SUBROGATION: LESSOR and LESSEE each respectively
waive all rights of recovery against the other and the other's agents, employees, permitted
licensees and assignees, for any loss or damage to property or injury to or death of persons, to the
extent the same is covered or indemnified by proceeds of any insurance, or for which
reimbursement is otherwise received. This agreement, however, shall apply only so long as the
parties' respective insurance companies expressly concur in this agreement and waive all
subrogation rights. Each party shall have a continuing obligation to notify the other party if
these waivers are not granted. Nothing in this section shall impose any greater liability upon the
LESSOR than would have existed in the absence of this section.
28. ATTORNMENT: LESSEE agrees to and does attorn to any successor to
LESSOR'S interest in all or any part of the Premises, including without limitation any purchaser
at any foreclosure sale of all or any part of the Premises.
29. BANKRUPTCY: The following covenants are a part of this agreement:
29.1. The parties agree that this Lease has been entered into partly because of
LESSOR'S judgment that LESSEE will be particularly able to perform the Lease covenants.
LESSEE has substantial duties of performance under this Lease, apart from its mere financial
obligations. This Lease is a personal contract between the parties which cannot be assumed by
any trustee or other party in bankruptcy.
29.2. In the event any proceedings in bankruptcy are brought against LESSEE or
affect LESSEE, and should an assumption of this Lease be attempted by the trustee or other
party in violation of the above agreement, LESSOR will not have adequate assurance of
performance, within the meaning of Section 365 of the Bankruptcy Code of 1978, as amended,
unless the trustee or other party can demonstrate that itself or a substitute lessee will have the
particular capacity to fulfill the nonmonetary covenants of this Lease. LESSOR will not have
adequate assurance of performance unless and until (a) LESSOR is allowed access to adequate
financial and other information about the proposed lessee, including without limitation
references from prior lessors, to satisfy itself that the trustee, other party or proposed lessee is
fully able to assume the financial and personal covenants of LESSEE in this Lease, in full
accordance with its terms, and (b) sufficient bonds or letters of credit are posted by the trustee,
Standard Commercial Lease Agreement Page 5
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