COMMERCIAL LEASE AGREEMENTTHIS LEASE AGREEMENT (“Lease”) is made and entered into this ______ day of ________, 20_____, by and between ________________(“Landlord”), having an address at __________, and ________________(“Tenant”), having an address at __________.
PREMISESLandlord leases to Tenant and Tenant rents from Landlord, the premises located at __________. The premises will be used for __________.
TERMThe initial term of the Lease will start on __________ and will end on __________. Thereafter, the Lease will continue on a month-to-month basis until either Landlord or Tenant terminates this Lease with written notice.
RENTTenant agrees to pay __________ per month, due on the 1st day of each calendar month.
SECURITY DEPOSITUpon execution of this Lease, Tenant will deposit with Landlord the sum of __________ as security for Tenant’s obligations under this lease.
USE OF PREMISESThe premises will be used for __________. The premises may not be used for any other purpose without the prior written consent of Landlord.
REPAIR AND MAINTENANCETenant will keep the premises in clean, sanitary, and good condition.
INSURANCETenant will maintain a standard form of comprehensive public liability insurance.
COMPLIANCE WITH LAWTenant will comply with all laws and rules affecting the Premises.
DEFAULTIf Tenant fails to comply with any of the material provisions of this Lease, Landlord may terminate this Lease upon providing proper notice to Tenant.
DISPUTE RESOLUTIONIn accordance with Maryland law, all disputes under this agreement will be resolved through arbitration.
NOTICESAny notice required or permitted under this Lease or under state law shall be deemed sufficiently given or served if sent by United States certified mail, return receipt requested. This Lease is binding upon and inures to the benefit of the Parties and their respective heirs, executors, administrators, successors and assigns. Landlord: ________________
This Lease is not intended to give rights to anyone but Landlord and Tenant. The duties and obligations of Landlord and Tenant under this Lease may not be assigned or delegated without the prior written consent of the other party. This Lease will be construed under and in accordance with the laws of the State of Maryland, and all obligations of the Parties created hereunder are performable in __________, Maryland. NOTE: This is a general lease agreement and may not be applicable for all situations. It is recommended to consult with a lawyer before finalizing any lease agreement.
Looking for a comprehensive Commercial Lease Agreement Template in Maryland? Clauseclip has got you covered. It provides templates that can help you craft legally-sound leases, irrespective of your property’s nature.
If you are interested in buying property through a contract for deed, check out the Contract for Deed Template Maryland. This is an excellent resource for property buyers seeking to secure a deed legally.
On the other hand, if you are leasing out your property, you might find the Contract for Rental Property Maryland quite useful. It provides a customizable template that protects both renters and landlords.
For property owners looking to put their real estate on the market, the Contract for Sale of Real Estate in Maryland is a must-have. This contract streamlines the sales process and ensures all legal requirements are met.
The Room Rental Agreement Template Maryland is perfect for those who intend to rent out individual rooms in their property. It outlines the rights and responsibilities of both the tenant and landlord.
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