Commercial Real Estate Lease Agreement Sample

Commercial Real Estate Lease Agreement Sample

A commercial real estate lease agreement is a document that outlines the terms and conditions of a commercial property rental agreement between a landlord and a tenant. This agreement is essential in protecting the interests of both parties and ensuring that the rental relationship is lawful and transparent. In this article, we will provide a sample of a standard commercial real estate lease agreement and highlight some critical clauses that every commercial lease agreement should include.

Commercial Real Estate Lease Agreement Sample

Parties Involved

This commercial real estate lease agreement (“Agreement”) is made between [Landlord Name], with an office at [Landlord Address] (“Landlord”), and [Tenant Name], with an office at [Tenant Address] (“Tenant”).

Leased Property

The Landlord shall lease to the Tenant the commercial property located at [Property Address] (“Premises”). The Premises shall be used only for lawful purposes and the Tenant shall not use the Premises for any unlawful activity.

Lease Term

The lease term shall begin on [Lease Start Date] and expire on [Lease End Date] unless extended or terminated earlier as provided in this Agreement.

Rent

The Tenant shall pay rent to the Landlord in the amount of [Rent Amount] per month, in advance, on the [Rent Due Date]. The Tenant shall also pay the Landlord a security deposit of [Security Deposit Amount] on or before the [Security Deposit Due Date], which is refundable at the end of the lease term, less any damages or unpaid rent.

Maintenance and Repairs

The Tenant shall keep the Premises in good repair, free from damage, and in compliance with all applicable laws, ordinances, and regulations. The Tenant shall be responsible for repairs caused by the Tenant`s negligence, misuse, or illegal activities.

Utilities and Services

The Tenant shall be responsible for all utility bills and services, including but not limited to water, electricity, gas, and telephone services, unless otherwise agreed upon in writing.

Use and Occupancy

The Tenant shall use, occupy, and enjoy the Premises only for the purposes specified in this Agreement. The Tenant shall not sublet the Premises or use the Premises in any way that interferes with the rights of the Landlord or breaches any provision of this Agreement.

Termination

Either party may terminate this Agreement upon giving written notice to the other party. The Tenant shall be liable to the Landlord for all rent due up to the date of termination. The Landlord shall have the right to enter and take possession of the Premises in the event of a breach of any provision of this Agreement.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the state of [Governing Law].

Conclusion

A commercial real estate lease agreement is a legal document that should be carefully drafted to protect the interests of both parties. The sample lease agreement provided in this article should be used as a starting point in drafting your own lease agreement. However, it is essential to consult with an experienced attorney and tailor the lease agreement to the specific circumstances of your commercial property lease. Remember, a well-drafted lease agreement can help prevent disputes and protect you from potential legal liabilities.

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