COMMERCIAL LEASE AGREEMENT
THIS COMMERCIAL LEASE AGREEMENT (“Agreement”) is made and entered into as of [Date], by and between:
Landlord:
[Landlord Name]
[Landlord Address]
[Landlord Phone/Email]
AND
Tenant:
[Tenant Name]
[Tenant Address]
[Tenant Phone/Email]
RECITALS
WHEREAS, Landlord is the owner of certain real property and improvements located at [Property Address] (the “Premises”); and
WHEREAS, Tenant desires to lease the Premises from Landlord for commercial purposes, and Landlord agrees to lease the Premises to Tenant under the terms set forth in this Agreement.
NOW, THEREFORE, in consideration of the mutual covenants and conditions contained herein, the parties agree as follows:
1. LEASED PREMISES
1.1 Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, the Premises located at [Property Address], consisting of approximately [Square Footage] square feet, as more particularly described in Exhibit A attached hereto (if applicable).
2. TERM
2.1 The term of this Lease shall commence on [Commencement Date] (“Commencement Date”) and shall continue for a period of [Initial Term in Months/Years] ([Number]) months/years, unless earlier terminated in accordance with this Agreement.
2.2 Tenant shall have the option to renew this Lease for [Renewal Term Details, e.g., one additional term of X years], by providing written notice to Landlord at least [Notice Period Days] days prior to the expiration of the initial term.
3. RENT
3.1 Tenant shall pay to Landlord base rent in the amount of [Base Rent Amount] per [Month/Year], payable in advance on the first day of each month.
3.2 Rent shall be paid to Landlord at [Payment Address/Account Details], or at such other place as Landlord may designate in writing.
3.3 If any rent payment is not received by Landlord within [Grace Period Days] days after the due date, Tenant shall pay a late fee of [Late Fee Amount or Percentage].
4. SECURITY DEPOSIT
4.1 Tenant shall deposit with Landlord the sum of [Security Deposit Amount] as a security deposit, to be held and disbursed in accordance with applicable law and the terms of this Agreement.
5. USE OF PREMISES
5.1 Tenant shall use the Premises solely for the following permitted use(s): [Permitted Use(s), e.g., retail, office, restaurant, etc.].
5.2 Tenant shall not use the Premises for any unlawful purpose or in any manner that would violate any applicable laws, ordinances, or regulations.
6. MAINTENANCE AND REPAIRS
6.1 Tenant shall, at Tenant’s expense, keep the Premises in good order and condition, including all interior maintenance and repairs.
6.2 Landlord shall be responsible for structural repairs and maintenance of the roof, exterior walls, and foundation, except for damage caused by Tenant or its agents.
7. ALTERATIONS AND IMPROVEMENTS
7.1 Tenant shall not make any alterations, additions, or improvements to the Premises without the prior written consent of Landlord.
7.2 All approved alterations shall be performed in a good and workmanlike manner and in compliance with all applicable laws.
8. UTILITIES AND SERVICES
8.1 Tenant shall be responsible for payment of all utilities and services supplied to the Premises, including but not limited to electricity, water, gas, telephone, internet, trash removal, and janitorial services, unless otherwise specified: [Specify if any utilities are included].
9. INSURANCE
9.1 Tenant shall obtain and maintain, at its own expense, commercial general liability insurance in an amount not less than [Insurance Amount] per occurrence, naming Landlord as an additional insured.
9.2 Tenant shall provide Landlord with certificates of insurance upon request.
10. TAXES
10.1 Tenant shall be responsible for payment of all personal property taxes and any taxes attributable to Tenant’s use of the Premises.
10.2 Landlord shall be responsible for payment of real property taxes assessed against the Premises, unless otherwise specified: [Specify if Tenant pays any portion].
11. ASSIGNMENT AND SUBLETTING
11.1 Tenant shall not assign this Lease or sublet any portion of the Premises without the prior written consent of Landlord, which shall not be unreasonably withheld.
12. ENTRY AND INSPECTION
12.1 Landlord and its agents may enter the Premises upon [Notice Period Hours/Days] prior notice (except in emergencies) to inspect, repair, or show the Premises to prospective tenants or purchasers.
13. DEFAULT AND REMEDIES
13.1 If Tenant fails to pay rent or breaches any term of this Agreement, Landlord may provide written notice of default. If Tenant does not cure the default within [Cure Period Days] days after receipt of notice, Landlord may terminate this Lease and pursue all available legal remedies.
14. INDEMNIFICATION
14.1 Tenant agrees to indemnify and hold harmless Landlord from and against any and all claims, damages, and liabilities arising from Tenant’s use or occupancy of the Premises, except as caused by Landlord’s gross negligence or willful misconduct.
15. SURRENDER OF PREMISES
15.1 Upon expiration or termination of this Lease, Tenant shall vacate and surrender the Premises in the same condition as received, reasonable wear and tear excepted.
16. NOTICES
16.1 All notices under this Agreement shall be in writing and delivered to the addresses stated above (or such other address as a party may designate in writing) by personal delivery, certified mail, or email (if acknowledged by the recipient).
17. GOVERNING LAW
17.1 This Agreement shall be governed by and construed in accordance with the laws of the State/Country of [Governing Law State/Country].
18. ENTIRE AGREEMENT
18.1 This Agreement constitutes the entire understanding between the parties and supersedes all prior agreements, representations, or understandings, whether written or oral.
18.2 Any amendment or modification must be in writing and signed by both parties.
19. SEVERABILITY
19.1 If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.
20. COUNTERPARTS
20.1 This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.
Disclaimer
This document is a template and may not be suitable for all situations. The parties should consult with legal counsel before signing this agreement.
IN WITNESS WHEREOF, the parties have executed this Commercial Lease Agreement as of the date first written above.
LANDLORD:
Signature: ___________________________
Name: [Landlord Name]
Date: [Date]
TENANT:
Signature: ___________________________
Name: [Tenant Name]
Date: [Date]
