Not only can you download this agreement template but you are also free to edit and adapt it for your specific needs. Whether you’re a tenant or landlord, our goal is to help simplify the process of creating your next commercial lease agreement.
COMMERCIAL LEASE AGREEMENTTHIS LEASE AGREEMENT (“Lease”) is made and entered into this day of 20__ (the “Effective Date”), by and between _______________________ (hereinafter “Landlord”), and _______________________ (hereinafter “Tenant”).
1. PREMISESThe Landlord leases to Tenant and Tenant rents from Landlord the premises located at _______________________. The premises will be used for _______________________.
2. 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 Lease with written notice.
3. RENT_______________________ dollars ($______) per month, due on the first day of each calendar month.
4. SECURITY DEPOSITUpon the due execution of this Lease, Tenant will deposit with Landlord the sum of _______________________ dollars ($______).
5. USE OF PREMISESThe premises shall be used and occupied by Tenant for the _______________________, and for no other purpose.
6. REPAIR AND MAINTENANCETenant will keep the premises in clean, sanitary, and good condition.
7. INSURANCETenant will maintain a standard commercial general liability insurance policy.
8. COMPLIANCE WITH LAWTenant shall comply with all laws, rules, and regulations pertaining to the use of the premises.
9. 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 appropriate notice to Tenant.
10. MONTANA SPECIFIC PROVISIONSIn accordance with Montana law, if the premises become uninhabitable due to damage not caused by the Tenant, the Tenant may terminate the lease without penalty.
11. ENTIRE AGREEMENTThis Lease contains the complete agreement between Landlord and Tenant and cannot be changed except by written agreement.
12. GOVERNING LAWThis Lease shall be governed by and construed in accordance with the laws of the state of Montana. LANDLORD: ______________ By: ______________ Date: ______________ TENANT: ______________ By: ______________ Date: ______________ NOTE: This is a legally binding contract. Before signing this agreement, you may want to consult with an attorney to protect your rights. This Commercial Lease Agreement may not apply to all situations and may not fully protect your interest. You should consult with an attorney before using this document. This document is not a substitute for legal advice or services.
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