Cleveland by Jay

Category: Contracts

Will Assign Contracts to this category.

  • CORPORATE LEASING AGREEMENT Example

    CORPORATE LEASING AGREEMENT Example

    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: ____________________