Our comprehensive lease agreement form outlines all necessary lease terms, ensuring both parties understand their responsibilities. You can download, customize and adapt this document to fit your specific requirements.
Whether you’re a landlord protecting your rental property or a tenant seeking clear terms, our user-friendly commercial lease agreement template is a valuable resource.
1. PARTIESThis Commercial Lease Agreement (“Lease”) is entered into this ______ day of ______, ______ (“Effective Date”), by and between ______ (hereinafter “Landlord”), and ______ (hereinafter “Tenant”).
2. PREMISESLandlord leases to Tenant and Tenant rents from Landlord the premises located at ______. The total space leased shall be approximately ______ square feet, as outlined in Exhibit A, attached hereto and incorporated herein by reference.
3. TERMThe initial term of this Lease shall commence on ______, and continue (unless terminated earlier as provided herein) for a period of ______ years/months until ______.
4. RENTCommencing ______, Tenant agrees to pay Landlord the base rent of ______ per month. The rent shall be paid in monthly installments, due on the first day of each calendar month.
5. SECURITY DEPOSITUpon execution of this Lease, Tenant will deposit with Landlord the sum of ______ as security for the Tenant’s obligations under this Lease.
6. USE OF PREMISESThe Premises will be used for ______ and for no other purpose without the prior written consent of Landlord.
7. REPAIR AND MAINTENANCETenant will, at its sole cost, keep and maintain the Premises and appurtenances in good and sanitary condition and repair.
8. INSURANCETenant will maintain at its expense a broad form of public liability insurance with limits of liability of not less than ______ Dollars.
9. COMPLIANCE WITH LAWTenant shall comply with all laws, orders, ordinances and other public requirements now or hereafter affecting the Premises.
10. 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 proper notice to Tenant.
11. ASSIGNMENT AND SUBLETTINGTenant shall not sublet the Premises or any part thereof, or assign this Lease, without Landlord’s prior written consent.
12. INDEMNIFICATIONTenant will indemnify and hold Landlord harmless from and against any and all claims arising from Tenant’s use of the Premises.
13. GOVERNING LAWThis Lease shall be governed by and construed in accordance with the laws of the Commonwealth of Virginia.
14. ENTIRE AGREEMENTThis Lease contains the entire agreement of the parties and there are no other promises, conditions, understandings or other agreements, whether oral or written, relating to the subject matter of this Lease. IN WITNESS WHEREOF, the Landlord and Tenant have executed this Commercial Lease Agreement as of the date first above written. ________________________________ ________________ Landlord’s Name Date ________________________________ ________________ Tenant’s Name Date This Lease should be reviewed by a legal professional before it is signed. Laws vary by municipality, county, and state. It is your responsibility to ensure that any Lease Agreement form or template you use complies with the law of the state in which the property is located.
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