CORPORATE LEASING AGREEMENT
Chi Suite | P2014-S4
Between: GeegTech Co. (“Lessor”)
And: (Client Name) (“Lessee”) ← Replace with company/individual name
1. Suite Overview
This Agreement governs the corporate lease of the Chi Suite (P2014-S4), a fully furnished 164.67 sq ft private studio residence including:
- Bedroom, bathroom, closet, TV, desk & queen bed
- High-speed internet, linens, weekly cleaning
- Utilities included
Property Address: (Property Address) ← Replace with correct address
Property Owner: East 125th LLC
First Leaseholder: GeegTech Co.
Sublessee: (Client Name) ← Replace with tenant name
2. Term & Structure
- Lease Term: 5 years from date of signature
- Start Date: (Date of Signature) ← Insert signed date
- Automatic Renewal: Resets to 5 years upon resale or reassignment
- Control: Lessee holds exclusive use rights; GeegTech Co. retains asset ownership and purchase rights
3. Financial Terms
| Description | Amount |
| Monthly Rent | $430.00 |
| – Base Rent | $330.00 |
| – Utilities & Cleaning | $100.00 |
| Per-Checkout Fee | $25.00 |
| One-Time Setup Fee | Free |
| Non-Refundable Deposit | $17,420.00 |
| First 6 Months’ Rent | $2,580.00 |
| Total Due at Signing | $20,000.00 |
💡 The $17,420 deposit reflects trailing 12-month revenue and qualifies the lease for income potential and buyback eligibility (see Section 8). This structure avoids taxable asset transfers and counts as a deductible corporate expense.
4. Use Rights & Earnings
Lessee has full access and may:
✅ Use the suite for personal or employee lodging
✅ Earn income from unoccupied nights
Revenue Model:
“Use it when you need it, earn from it when you don’t.”
- 100% of net earnings go to Lessee (minus cleaning/transaction fees)
- All bookings must follow StayWithJay house rules
5. Management Options
| Option | Notes |
| GeegTech Co. Manages | Turnkey, no setup fee required |
| Lessee Self-Managed | $330 setup fee for branded booking site |
| Hybrid Branding | Custom scope by request |
6. Transferability & Exit (Corporate Lease Only)
- Lease may be reassigned only with written approval from GeegTech Co.
- GeegTech Co. retains a permanent right of first refusal
- Lease must be offered via StayWithJay.com or CatalystWin.com for 30 days before any public listing
- No guaranteed buyback or exit commitment is implied
7. Corporate Leasing Election
Select one:
☐ Option A – Exclusive Corporate Use
All nights blocked for employees only. No public booking. Private portal provided.
☐ Option B – Released-to-Earn Hybrid (Default)
Nights automatically released to the public 30 days out.
- Lessee can override by blocking nights in advance
- Revenue from released nights paid monthly
- Guaranteed fallback: other rooms in the residence available at $33/night
- Grants Buyback Guarantee eligibility (see Section 8)
8. Buyback Guarantee (For Option B Only)
Available after 33 months of active lease.
If Lessee:
- Releases all unused nights at least 30 days in advance, and
- Lease remains in good standing,
Then GeegTech Co. agrees to offer a Buyback Reimbursement based on:
Formula:
Buyback = Deposit – Net Profit × (Released Nights ÷ 990 Eligible Nights)
- Released Nights: Nights made available to platform 30+ days in advance
- Eligible Nights: ~990 over 33 months
💡 Example: If $13,500 profit was earned and 900 nights were released:
$17,420 – $13,500 = $3,920 × (900/990) = $3,564 reimbursement
9. Minimum Guarantee Clause
To be eligible for any financial protections or buyback:
- Lease must remain active and unbroken for 33 consecutive months
- Early cancellation or reassignment forfeits all guarantees
10. Signature & Acknowledgment
By signing, both parties agree to all terms listed, including:
- 5-Year Lease Agreement
- Use structure selected above
- Non-refundable deposit of $17,420
- Revenue model and liability policies
Lessee (Company): _____________________________________
Authorized Signatory: ____________________________________
Date: ____________________
GeegTech Co. (Lessor): __________________________________
Authorized Signatory: ____________________________________
Date: ____________________
