Welcome to our page featuring a customizable Commercial Lease Agreement Template Maine. Renting commercial property in Maine becomes simplified with our readily available template, designed to govern the landlord-tenant relationship.
This comprehensive commercial property lease agreement template includes crucial information about rental terms and conditions, tenant rights and obligations, lease duration, and rent payment schedule. Whether you’re a landlord or a tenant, this legal contract is designed to protect your interests while covering all aspects of the commercial property rental procedure. Feel free to download, edit, and adapt this lease agreement form as per your needs.
THIS LEASE AGREEMENT
This lease agreement (“Lease”) is made as of the [DATE], by and between [LANDLORD’S LEGAL NAME] (“Landlord”), and [TENANT’S LEGAL NAME] (“Tenant”).
Landlord leases to Tenant and Tenant rents from Landlord, the premises located at [COMPLETE ADDRESS], together with any personal property located thereon (collectively, the “Premises”). The Premises will be used for [SPECIFIC USE] purposes.
The initial term of this Lease will begin on [START DATE] and will terminate on [END DATE] unless sooner terminated as provided herein (the “Term”).
Tenant will pay to Landlord as base rent for the Premises, the total sum of [TOTAL RENT] dollars ($[TOTAL RENT]) payable in equal monthly installments of [MONTHLY RENT] dollars ($[MONTHLY RENT]), in advance, on the first day of each calendar month.
Upon execution of this Lease, Tenant will deposit with Landlord the sum of [SECURITY DEPOSIT] dollars ($[SECURITY DEPOSIT]) as security for the performance by Tenant of the terms under this Lease and all other obligations of Tenant hereunder.
USE OF PREMISES
The premises shall be used for [SPECIFIC USE] purposes only. Tenant will comply with all laws and rules affecting the Premises, including but not limited to, zoning ordinances and regulations.
REPAIR AND MAINTENANCE
Landlord will make necessary repairs with the exception of damage caused by Tenant’s misuse or neglect. If the Premises are damaged to the extent that Tenant’s use is materially impaired, Tenant may terminate this Lease upon notice to Landlord.
Tenant will maintain a policy of comprehensive general liability insurance with limits of liability not less than $1,000,000 per occurrence. Tenant will name Landlord as an additional insured on the policy.
If Tenant fails to comply with any of the material provisions of this Lease or of any present rules and regulations, Landlord may terminate this Lease upon providing proper notice to Tenant.
This Lease is governed by and constructed in accordance with the laws of the State of Maine.
[LANDLORD’S LEGAL NAME]
Name: [LANDLORD’S REPRESENTATIVE NAME]
Title: [LANDLORD’S REPRESENTATIVE TITLE]
[TENANT’S LEGAL NAME]
Name: [TENANT’S REPRESENTATIVE NAME]
Title: [TENANT’S REPRESENTATIVE TITLE]
NOTE: This is a sample lease agreement and may not fully comply with Maine law. It is recommended to get legal advice before entering into any agreement.
Managing a property in Maine goes beyond just owning one. You may require certain legal templates to properly navigate the process.
If you’re looking to sell your property, our Contract for Sale of Real Estate template can make it more efficient. Similarly, for those looking to lease out, our Commercial Lease Agreement Template is a must-have.
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