Business Name: Incubator Space LLC
Business Address: 3535 Executive Terminal Drive, Suite 110, Henderson, Nevada 89052
Business Email Address: contact@incubatorspace.vegas
Business Phone Number: (702) 483-0892
Member Name: {{first_name}} {{last_name}}
Member ID: {{member_id}}
Business Name: {{company}}
Member Email: {{email}}
Membership Plan: {{plan}}
This is a month-to-month license agreement (not a lease) commencing on {{start_date}}. Either party may terminate with 14 days written notice. This creates a license to use space, not a leasehold interest or residential tenancy.
Monthly License Fee: {{plan_price}}
Due Date: 1st of each month
Payment Method:
- Credit/debit card, ACH or wire transfer via membership platform
- OR check delivered to Landlord
Grace Period: 5 calendar days
Late Fee: 5% of monthly fee if payment received after grace period
NSF Fee: $50 per returned payment
Amount: One month's license fee
Held: Without interest
Return: Within 30 days of termination, less lawful deductions for:
- Unpaid fees or charges
- Damages beyond normal wear and tear
- Cleaning costs if premises not left in acceptable condition
- Abandoned property disposal costs
Tenant may not apply deposit toward final month's payment
Business Use Only: General office and business purposes as specified in the tenants plan on the Incubator Space Online Portal
Operating Name: As listed on tenants profile on the Incubator Space Rental Platform (changes require written approval)
Hours of Access: 24/7 or as otherwise posted
Prohibited: Residential use, illegal activities, nuisances, hazardous materials
Tenant is strongly encouraged to maintain general liability insurance for their business operations.
Landlord's insurance does NOT cover:
-Tenant's personal property or equipment
-Tenant's business liability or operations
-Injuries to tenant's clients, employees, or guests
-Damage caused by tenant's negligence
Tenant acknowledges they use the premises at their own risk and are solely responsible for insuring their property and liability exposure.
Landlord provides:
- Electricity
- Water
- Bathrooms/Sewer
- HVAC
- High Speed Internet
- Common Area Access
- Standard Building Maintenance
- Parking
- Coffee & Snacks (as outlined in the tenants plan on the Incubator Space Rental Platform)
- Standard Format Printing
Tenant may park in any available non-reserved space on a first-come, first-served basis. Only licensed and insured vehicles permitted. Landlord may tow unauthorized, improperly parked, inoperable, or illegally parked vehicles at tenant's expense. Parking at tenant's own risk - Landlord not liable for theft or damage to vehicles.
Landlord approval required before:
- Painting, wallpapering, or significant décor changes
- Installing or removing walls or fixtures
- Adding electrical, networking, or HVAC equipment
- Posting exterior signage
- Installing antennas, satellite dishes, or exterior equipment
- Bringing in large furniture or artwork
All approved alterations become property of Landlord unless otherwise agreed in writing
No pets or animals permitted without prior written consent. Landlord may revoke consent with 30 days notice.
Tenant Responsibilities:
- Maintain premises in clean, safe condition
- Immediately report damage or maintenance issues in person or on the Incubator Space Rental Platform
- Prevent waste, misuse, or damage
- Comply with all health, safety, and building codes
Landlord Responsibilities:
- Maintain building structure and common areas
- Provide working utilities and building systems
- Make repairs to items provided by Landlord (reasonable wear excepted)
Tenant must:
- Comply with all posted building rules and policies
- Not disturb other tenants or create nuisances
- Not engage in illegal activities
- Respect quiet hours and common area etiquette
- Follow all parking regulations
Landlord may enter premises with reasonable notice (24 hours) for inspections, repairs, or showings. Emergency entry permitted without notice.
Abandonment Defined: Premises deemed abandoned if:
- Rent unpaid for 15 days AND
- Tenant non-responsive to written notice AND
- Premises appear vacant
Upon Abandonment or Default:
- Landlord may immediately re-enter and secure premises
- Any personal property left is deemed abandoned after 15 days
- Landlord may dispose of abandoned property without liability
- Tenant remains liable for all fees through re-rental or term end
- Landlord may relet as agent for tenant and apply proceeds to tenant's obligation
If tenant remains after termination without written consent, tenant becomes a holdover and must pay 200% of the monthly license fee (prorated daily) as liquidated damages, plus all other lease obligations apply.
Tenant may NOT assign, sublet, or allow others to use the premises without prior written consent. Any unauthorized transfer is void and grounds for immediate termination.
If Landlord must enforce this agreement or collect unpaid amounts, tenant will pay all costs including attorney fees, court costs, and collection expenses on a full indemnity basis. All unpaid amounts will accrue interest at 12% annually (or maximum rate permitted by law, whichever is less) from the due date until paid in full.
Tenant's Risk: Tenant uses premises at own risk. Landlord not liable for theft, damage to tenant's property, or injuries unless caused by Landlord's gross negligence.
Indemnification: Tenant indemnifies and holds Landlord harmless from all claims, damages, losses, and expenses arising from tenant's use of premises or breach of this agreement.
Upon termination, tenant must:
- Remove all personal property
- Return premises/workspace in clean condition (normal wear excepted)
- Hot Desk Members: Remove all items daily; no storage permitted
- Dedicated Desk Members: Clear desk and remove all personal items from assigned space
- Private Office Members: Remove all furnishings, decorations, and equipment; return office to original condition
- Return all keys and access devices
- Pay all outstanding amounts
Default occurs upon:
- Non-payment after grace period
- Breach of any agreement term
- Abandonment
- Bankruptcy or insolvency
- Loss of required insurance
Landlord's Remedies (non-exclusive):
- Terminate license immediately
- Re-enter and secure premises
- Pursue all unpaid amounts plus interest and fees
- Dispose of abandoned property
- Pursue any other legal or equitable remedies
All remedies are cumulative.
Entire Agreement: This agreement and Incubator Space Rental Platform details constitute the entire agreement. No verbal agreements or prior representations are binding.
Amendments: Must be in writing and signed by both parties.
Severability: Invalid provisions don't affect remaining terms.
Governing Law: Nevada law governs. Venue in Clark County, Nevada.
Joint Liability: If multiple tenants, all are jointly and severally liable.
Waiver: Landlord's failure to enforce any term doesn't waive future enforcement rights.
Time is of the Essence: All deadlines are strict.
Notice: All notices must be in writing to addresses on file in Cobot or hand-delivered.
No Waiver of Rights: This agreement doesn't waive any statutory rights or remedies available to Landlord under Nevada law.
By clicking "Accept Terms & Conditions" on the Incubator Space Rental Platform platform, Tenant acknowledges:
- Reading and understanding this entire agreement
- Having opportunity to seek legal counsel
- Agreeing to all terms and conditions
- Providing accurate information in the Incubator Space Rental Platform
- Understanding this creates a license, not a lease
Electronic Signature & Date: [Digital signature is recorded by platform upon accepting terms and conditions]
This is a legally binding agreement. Seek legal counsel if you have questions about your rights and obligations.
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Cobot is the web platform used by Incubator Space to provide this website.
See Cobot Terms
