Terms of Service

Commercial Premises License Agreement

(For Virtual Office and Shared Workspace Use) Effective Date: January 1, 2025

This Commercial Premises License Agreement (“Agreement”) is made between The Vault Buildings (“Licensor”) and the undersigned client (“Licensee”). By entering into this Agreement and paying the associated license fee, Licensee is granted limited rights to use designated portions of Licensor’s commercial premises as set forth below.

1. Grant of License

Licensor hereby grants Licensee a revocable, non-exclusive license to use designated areas within the commercial property known as The Vault Buildings for legitimate business purposes. The licensed areas include:

1. A designated physical mailbox within the building

2. The right to use Licensor’s commercial street address as Licensee’s business address.

3. Non-exclusive, scheduled access to conference rooms and shared workspace areas.

This Agreement does not convey any leasehold interest, title, or tenancy in the property. It is strictly a commercial license to use real property.

2. Licensed Use of Business Address

Licensee is permitted to use the building’s physical address as its official business address for marketing, licensing, filings, and public listings (including websites, Google Business Profiles, Yelp, business cards, and similar platforms) during the term of this Agreement.

Upon termination of this Agreement:

Licensee’s rights to the address immediately cease; Continued use of the address is prohibited; Licensor may notify appropriate platforms to remove or update any listings reflecting improper or continued address use.

3. Mail and Package License

As part of the license, Licensee may receive mail and packages at the premises. Licensee will be assigned a physical mailbox and will have 24/7 controlled-access entry to retrieve mail.

Uncollected mail will be handled as follows:

Up to 90 days of retention during an active license term; Up to 30 days after termination, after which mail may be returned or securely disposed of at Licensor’s discretion.

4. Access Credentials (Keys and Fobs)

Licensor will provide Licensee with a mailbox key and two (2) electronic access fobs for building entry. Upon termination, Licensee must return all issued items within ten (10) business days. Failure to return keys or fobs will result in a $100 replacement and reprogramming fee.

5. Conference Room and Shared Workspace Access

Licensee is granted six (6) hours per month of reserved access to designated conference rooms, as part of the licensed premises.

Reservations are required and subject to availability. Additional conference room hours may be licensed at the current posted rates.

All use of the premises must comply with Licensor’s building rules, occupancy limits, and any operational guidelines posted online or within the facility.

6. Term, Fees, and Termination

This Agreement operates on a month-to-month license term.

The licensee may terminate

The licensee may terminate at any time by providing written notice. Termination becomes effective at the next billing cycle. No refunds will be issued for billing cycles already in progress.

Licensor may terminate

Licensor may immediately revoke this license for:

Violation of building rules; Misuse of the address or premises; Failure to comply with this Agreement; or any conduct deemed unsafe or disruptive.

7. Nature of Agreement

This Agreement:

Is not a lease, sublease, rental agreement, workspace membership, or service contract; Is a license for use of commercial real property under Florida law; Creates no landlord-tenant relationship; Grants no exclusive possession except for the designated mailbox.

8. Limitation of Liability

Licensee uses the licensed premises at their own risk. Licensor is not liable for:

Loss, theft, or damage to mail, property, or equipment; Business losses resulting from access restrictions or operational issues; Any claims arising from Licensee’s business activities.

Licensee is solely responsible for complying with all federal, state, and local laws governing their operations.

9. Modifications to Agreement

Licensor may update or modify this Agreement with reasonable notice via email or website posting. Continued use of the licensed premises constitutes acceptance of any revised terms.

10. Governing Law

This Agreement is governed by and interpreted under the laws of the State of Florida.

Acknowledgment

By signing or electronically agreeing, Licensee acknowledges that they have read, understand, and accept the terms of this Commercial Premises License Agreement.

Outdoor Pylon Sign Ad

By submitting your payment for a tenant panel on the new Vault Buildings Pylon Sign, you acknowledge and agree to the following terms and conditions:

1. Refund Policy

If the sign does not receive municipal approval or is not installed, all payments, including deposits and prepaid annual fees, will be fully refunded. No refunds will be issued once the sign is installed and operational.

2. Municipal Approvals & Installation

While we do not anticipate any obstacles, final installation is subject to municipal approval and permitting requirements. There is no guarantee that the sign will receive approval, but we will work in good faith to complete the process.

3. Placement & Tier Selection

Placement on the sign is first-come, first-served. Annual plan purchasers receive priority selection of placement within their purchased tier. Monthly subscribers will be assigned placement by management within their selected tier. Placement is not guaranteed and may be adjusted based on availability, sign design, or municipal restrictions.

4. Term & Subscription

This is a one-year agreement that runs concurrent with the tenant’s lease. If the lease is not renewed, the sign panel must be removed, and the space will be made available to new tenants.

Monthly subscribers must keep their account in good standing (i.e., no missed payments) to retain their sign placement. The sign’s monthly or annual fee will be added to the tenant’s lease as additional rent and will be subject to the same terms, conditions, and remedies applicable to rent, including annual rent increases as outlined in the tenant’s lease agreement.

5. Design & Production

The business owner is responsible for providing a print-ready sign design. We will provide a basic sign with the business name, but tenants may work with a sign designer for a custom look. Signs must meet size, color, and aesthetic guidelines to maintain the uniformity of the multi-tenant display.

6. Liability & Maintenance

While the sign will be professionally installed and maintained, we are not responsible for damage due to weather, vandalism, or unforeseen events. If the tenant sign panel becomes damaged or faded over time, the tenant is responsible for replacing it at their own cost.

7. Termination & Cancellations

Monthly subscribers may cancel at any time with a 30-day written notice, but no refunds will be issued for past payments. Annual plan subscribers who cancel early will not receive a refund but will retain their placement for the remainder of the paid term. If a tenant fails to make payments, their sign panel will be removed, and the space will be made available to another tenant.

8. Changes to Terms

These terms and conditions are subject to change at any time without prior notice. Updated versions will be made available to tenants, and continued participation constitutes acceptance of the revised terms.

SERVICE THREE

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