COMMERCIAL LEASE AGREEMENTTHIS COMMERCIAL LEASE AGREEMENT (“Lease”) is made and entered into this [Date], by and between [Landlord’s Name], a [state of incorporation or residence] [type of legal entity, if applicable] (hereinafter “Landlord”), and [Tenant’s Name], a [state of incorporation or residence] [type of legal entity, if applicable] (hereinafter “Tenant”). 1.
PremisesLandlord hereby leases to Tenant and Tenant hereby rents from Landlord, the premises located at [Property Address], Idaho. The premises will be used for [Purpose]. The lease term will begin on [Start Date] and will terminate on [End Date]. 2.
RentThe annual rental fee for the premises is [Annual Rent]. The rent should be paid in equal monthly installments of [Monthly Rent] on the first day of each calendar month. 3.
Security DepositUpon execution of this Lease, Tenant will deposit with Landlord the sum of [Security Deposit Amount] as security for Tenant’s faithful performance of its obligations under this Lease. 4.
Repairs and MaintenanceTenant will keep the premises in good repair, condition, and order. Tenant will not commit or allow any waste or damage to be committed on the premises. 5.
InsuranceTenant will maintain, at their own expense, liability insurance covering the leased premises with a reputable insurance company to the satisfaction of the Landlord. 6.
IndemnificationTenant will indemnify and hold Landlord harmless from any and all claims arising from Tenant’s use of the Premises, or from any activity, work, or other things done or permitted by Tenant in or around the Premises. 7.
Assignment and SublettingTenant will not assign this Lease, or sublet or grant any concession or license to use the Premises or any part of the Premises without Landlord’s prior written consent. 8.
DefaultIf Tenant fails to comply with any of the material provisions of this Lease, or of any present rules and regulations governing the Premises, Landlord may terminate this Lease upon providing proper notice to Tenant. 9.
Governing LawThis Lease shall be governed by and construed in accordance with the laws of the State of Idaho. 10.
Entire AgreementThis Lease contains the complete agreement between Landlord and Tenant and cannot be changed except by written agreement. IN WITNESS WHEREOF, the parties have executed this Lease as of the day and year first above written. __________________________ __________________________ [Landlord’s Name] [Tenant’s Name] __________________________ __________________________ [Landlord’s Signature] [Tenant’s Signature] __________________________ __________________________ [Date] [Date]
EXHIBIT ALegal Description of Leased Premises [Legal Description] This Commercial Lease Agreement is compliant with all laws and regulations of the state of Idaho. However, it should not be used as a substitute for legal advice. Please consult a lawyer or legal professional before signing a commercial lease agreement.
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