Welcome to our commercial lease agreement template specifically designed for the state of Tennessee. This tailored legal document allows landlords and tenants to set their terms for leasing commercial property.
As a business owner, it is crucial to have a comprehensive business lease that protects your interests. This template can be downloaded, fully edited, and adapted to fit your specific needs.
Use this reliable rental agreement as your starting point in creating an effective lease contract for any commercial property in Tennessee.
Please note that while this document is designed with Tennessee regulations in mind, it’s always a smart move to consult with a local attorney or real estate professional before signing any binding legal document.
COMMERCIAL LEASE AGREEMENT
THIS LEASE AGREEMENT (“Lease”) made and entered into this day of [Date], [Year], by and between [Landlord’s Name], whose address is [Landlord’s Address] (hereinafter “Landlord”), and [Tenant’s Name], whose address is [Tenant’s Address] (hereinafter “Tenant”).
Landlord hereby leases to Tenant and Tenant rents from Landlord, the premises located at [Property Address], together with any personal property located thereon (collectively, the “Premises”). The Premises will be used for [Type of Business] purposes only.
The initial term of this Lease will begin on [Start Date] and will end on [End Date]. Thereafter, the Lease will continue on a month-to-month basis until either Landlord or Tenant terminate this Lease with written notice.
Tenant agrees to pay [$Amount] per month, on the 1st day of each calendar month.
4. SECURITY DEPOSIT:
Upon execution of this Lease, Tenant will deposit with Landlord the sum of [$Amount] as security for Tenant’s full and faithful performance of every provision of this Lease to be performed by Tenant.
5. MAINTENANCE AND REPAIRS:
Tenant will keep the Premises in clean, sanitary, and good condition. If any part of the Premises is damaged by Tenant, Tenant’s guests or invitees, Tenant will notify Landlord immediately and repair it at Tenant’s expense.
Tenant will maintain a policy of comprehensive liability insurance protecting Tenant and Landlord against liability for injury to persons or property in, on, or about the Premises, with limits of not less than [$Amount].
7. COMPLIANCE WITH LAWS:
Tenant shall comply with all applicable laws, ordinances, and rules of the State of Tennessee, the county of [County], and the city of [City], relating to its use and occupancy of the Premises.
If Tenant fails to comply with any of the material provisions of this Lease, Landlord may terminate this Lease upon providing written notice to Tenant.
Tenant will indemnify and hold Landlord harmless from all claims and damages arising out of Tenant’s use and occupancy of the Premises, including, but not limited to, claims for personal injury or property damage.
10. ASSIGNMENT AND SUBLETTING:
Tenant shall not assign this Lease or sublet the Premises without the prior written consent of the Landlord.
11. ENTIRE AGREEMENT:
This Lease contains the entire agreement between Landlord and Tenant and supersedes any prior oral or written agreements relating to the Premises.
[Landlord’s Full Legal Name]
[Tenant’s Full Legal Name]
This Lease, and the terms and conditions herein, are subject to and governed by the laws of the State of Tennessee. In case of any dispute, both parties consent to the exclusive jurisdiction of the state and federal courts located in the State of Tennessee.
For those looking for a comprehensive solution in Tennessee, our Commercial Lease Agreement Template complements our other offerings, such as the Contract for Deed Template Tennessee, aimed at simplifying your real estate transactions.
Our Contract for Sale of Real Estate in Tennessee supports the process of property sales, while our Commercial Lease Agreement Template prepares you for a hassle-free commercial leasing experience.
Taking care of rental property dealings? Our Contract for Rental Property Tennessee works hand in hand with the Commercial Lease Agreement Template to ensure your bases are covered.
If you’re dealing with room rentals, our Room Rental Agreement Template Tennessee provides a solid foundation and pairs well with the Commercial Lease Agreement Template.
And last, but not least, our Occupancy Agreement Template Tennessee alongside the Commercial Lease Agreement Template ensures an all-rounded and legally sound approach to any occupancy arrangement. Feel secure in your agreements with ClauseClip.