VIRTUAL OFFICE TERMS & CONDITIONS:
1. Virtual office tenants will be assigned a suite number starting with the letter "V". The business address will be: 5206 HIGHWAY 5, SUITE V#, BRYANT, AR 72022.
2. The rental shall be due on the first day of each month. THE LANDLORD WILL NOT ACCEPT DELIVERY OF LARGE PACKAGES, BOXES OR FREIGHT. Tenants are afforded access to their mail slots and conference room use, when available during the hours of 8:00 am until 5:00 pm Monday thru Friday on normal business days. Access will be unavailable during official holidays.
3. There are no grace periods on rentals. All rents are due and payable to the landlord on or before the due date of each month. A late charge of 5% of the monthly rental will be charged after the third day if the rent has not been paid. Rental payments will be setup on a recurring ACH by the landlord.
4. Tenant will be required to submit a deposit equal to one month's rent, which will be returned at the end of the lease period as long as all mailbox keys are turned back in.
5. Only one business entity per Virtual Office is permitted. Mail sent to your suite that is not addressed to the Entity of Record will be returned marked "Not at this Address." Operating multiple businesses from a single Virtual Office is prohibited.
6. Tenant shall not disturb, annoy, endanger other tenants of the building or neighbors nor use the premises for any immoral or unlawful purposes, nor violate any law or ordinance, nor commit waste or nuisance upon or about the premises.
7. Use of the conference room is permitted on a first come first served reservation basis. Reservations are made in advance by scheduling in the book maintained in the central reception area. Reoccurring reservations may be limited by the Landlord in order to accommodate the demands of other Tenants from time to time. Landlord, at his sole discression may change the terms of conference room use at any time. The capacity of the conference room is limited. You will be held financially responsible for any damage or loss occurring to the conference room or its furnishings caused by you or your guests during your use of the room.
8. The name of your business will be posted on the Directory Screen located in the foyer area. Landlord will assign all Suite Numbers. No additional signage is permitted on the premises.
9. Parking is limited and non-reserved. Carpooling is encouraged when possible. No overnight parking is permitted. Parking rules may be changed from time to time to necessitate the smooth operation of the building.
10. Either party may terminate the agreement in the event of a violation of any provision of this agreement by the other party.
11. In case of failure of the tenant to pay the rent herein agreed upon when due or any action by the landlord to enforce any terms of the agreement or recover possession of the premises, or right to re-let the suite number and the same is collected by suit, or through an attorney, the tenant agrees to pay a reasonable attorney's fee, together with all costs and charges.
12. Time is of the essence. The waiver by landlord of any breach shall not be construed to be a continuing waiver of subsequent breach.
13. Termination of this lease must be given in writing on the first of the month prior to end of lease period.
14. Forwarding mail: The post office will not forward mail after termination and the tenant agrees not to send forwarding card to them. Tenant may pick up any mail delivered after termination. This mail will be held by landlord till picked up and returned to sender after 30 days if not picked up. Landlord will never be held liable for any mail problems. The tenant will also be responsible for any insurance to cover themselves, employees or guest in case of injury on premises.
15. Indemnification Tenant shall hold Landlord harmless from any and all liability actions, claims and damages arising after the commencement of this lease, and which may be imposed upon or incurred by or asserted against Landlord by reason of any accident, injury or death of any person or damage to any property occurring on or about the lease premises or any part thereof or any use, non-use or condition of be leased premises or any part of the ownership, occupancy or use thereof.
16. This is a non-smoking building. Smoking is prohibited at any time in the building or on any property owned by Landlord.
17. Tenant is responsible for any Business License costs required by any government entity. Landlord will provide suitable space to display licenses/permits.