COMMERCIAL LEASE AGREEMENTThis Commercial Lease Agreement (“Lease”) is entered into this ________ day of ________, 20______ (the “Effective Date”), by and between ____________, a Wisconsin corporation, with an address at ____________, Wisconsin (hereinafter “Landlord”), and ____________, a ____________, with an address at ____________, Wisconsin (hereinafter “Tenant”).
PREMISESLandlord, in consideration of the lease payments provided in this Lease, leases to Tenant a premises located at ____________, Wisconsin (the “Premises”). The Premises will be used for the following purpose: _____________. This Lease includes any additions or improvements to the Premises made by Landlord.
TERMThe initial term of this Lease will begin on ____________, 20______, and will end on ____________, 20______. Upon the end of the term, this Lease will continue in full force on a month-to-month basis until either Landlord or Tenant terminate this Lease with written notice.
RENTTenant agrees to pay ____________ per month, for a total lease payment of ____________. Rent is payable on the first 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.
MAINTENANCE AND REPAIRTenant will keep the Premises in good, clean, and rentable condition. Tenant will notify Landlord promptly of any damage to the Premises.
INSURANCETenant will maintain a policy or policies of liability insurance with minimum limits of liability of not less than ____________ per occurrence.
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 written notice to Tenant.
GOVERNING LAWThis Lease will be governed by and construed in accordance with the laws of the State of Wisconsin.
This Lease is not intended to give rise to any rights under the Wisconsin Consumer Act, Wis. Stat. § 421.101 et seq. In addition, this Lease is subject to the laws and regulations pertaining to commercial leases in Wisconsin, including but not limited to, Wis. Stat. §704.01 et seq. The parties acknowledge that this Lease is a commercial lease and not a residential lease. NOTICE: THIS IS A LEGALLY BINDING CONTRACT. READ IT CAREFULLY. IF YOU DO NOT UNDERSTAND THE IMPACT OF THIS CONTRACT, CONSULT YOUR ATTORNEY.