COMMERCIAL LEASE AGREEMENT
THIS 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 __________.PREMISES
Landlord leases to Tenant and Tenant rents from Landlord, the premises located at __________. The premises will be used for __________.TERM
The 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.RENT
Tenant agrees to pay __________ per month, due on the 1st day of each calendar month.SECURITY DEPOSIT
Upon execution of this Lease, Tenant will deposit with Landlord the sum of __________ as security for Tenant’s obligations under this lease.USE OF PREMISES
The premises will be used for __________. The premises may not be used for any other purpose without the prior written consent of Landlord.REPAIR AND MAINTENANCE
Tenant will keep the premises in clean, sanitary, and good condition.INSURANCE
Tenant will maintain a standard form of comprehensive public liability insurance.COMPLIANCE WITH LAW
Tenant will comply with all laws and rules affecting the Premises.DEFAULT
If 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 RESOLUTION
In accordance with Maryland law, all disputes under this agreement will be resolved through arbitration.NOTICES
Any 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: ________________Signature: ________________
Date: ________________
Tenant: ________________
Signature: ________________
Date: ________________
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.
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