1. PartiesThis Commercial Building Lease Agreement (“Agreement”) is made and entered into this _____ day of ___________, 20___ (the “Effective Date”) by and between ________________ (the “Landlord”), and ____________________ (the “Tenant”). [Insert names of both parties]
2. PremisesThe Landlord leases to Tenant and Tenant rents from Landlord the premises located at _________. The premises will be used for _________. [Insert property address and type of business]
3. TermThe initial term of this Lease will begin on ___________, and will end on ___________. Thereafter, the Lease will continue on a month-to-month basis until either Landlord or Tenant terminate this Agreement. [Insert lease dates]
4. RentTenant agrees to pay $_______ per month, due on the first day of each calendar month. [Insert rent amount]
5. Security DepositUpon the execution of this Agreement, Tenant will deposit with Landlord the sum of $________ as security for Tenant’s obligations under this Agreement. [Insert deposit amount]
6. Use of PremisesThe premises shall be used for the operation of ___________. The premises shall not be used for any other purpose without the prior written consent of the Landlord. [Insert type of business]
7. Repairs and MaintenanceTenant will keep the Premises in clean, sanitary, and good condition. If any damage occurs, Tenant will notify Landlord promptly and repair at Tenant’s expense.
8. InsuranceTenant will maintain a standard commercial general liability insurance policy. Tenant will provide Landlord with proof of insurance upon Landlord’s request.
9. Compliance with LawsTenant will comply with all laws, rules, ordinances, and regulations of all governmental authorities having jurisdiction over the Premises.
10. DefaultIf Tenant fails to comply with any of the material provisions of this Agreement, or of any present rules and regulations governing the Premises, Landlord may terminate this Agreement upon providing proper notice to Tenant.
11. State LawThis Agreement shall be governed by and construed in accordance with the laws of the state of ________. [Insert state]
12. Entire AgreementThis Agreement contains the complete agreement between Landlord and Tenant and cannot be changed except by written agreement.
13. SignaturesLandlord: Signature: ________________________ Date: ______________ Tenant: Signature: ________________________ Date: ______________ Note: This is a sample commercial lease agreement. Actual agreements may vary. Please consult with a legal professional before entering into a legally binding contract.
Other Useful ContractsIf you’re interested in the Commercial building lease agreement template, you might also find the following contract templates useful. A Warehouse Lease Agreement Template could be beneficial if you’re planning to rent out or use a warehouse. It provides necessary clauses and ensures your agreement is legally sound.
Possibly, you might also be contemplating different uses for your commercial property. If that’s the case, having an Industrial Park Lease Agreement Template can be crucial. This particular template can save you time and will help ensure all necessary details are covered in your lease agreement.
Perhaps you’re dealing with restaurant leasing. If so, the Restaurant Lease Agreement Template can be a great asset. Leasing a restaurant involves many specificities that differ from normal commercial leases, and this template can help guide you through the process, keeping things clear and legally protected.
Lastly, if you’re considering subletting your commercial space, having a Commercial Sublease Agreement Template could be essential. This template can provide you with a basic structure for subletting your commercial space, ensuring that all legal requirements are met and that both parties’ interests are protected.