Commercial Lease Agreement Templates

A Commercial Lease Agreement, which means a legal agreement between a landlord and a tenant intended to be rental of commercial property such as office space, retail store, and industrial facility. This document lays out the rules by which it will be rented out among other things it also helps in safeguarding the rights and obligations of each party. Key components typically included in a Commercial Lease Agreement are:

Parties Involved: You need to provide the names and contact details of the landlord and tenant.
Property Description: In detail, describe the leased commercial property address, it’s letting space, plus particular attributes or objects which a house should have if rented out for commercial purposes.
Lease Term: Indicate the duration of the lease with the beginning and ending dates for the tenancy.
Rent Amount: The explanation of the monthly rent due dates, the amount of the same as well as the methods through which one can conveniently settle the rent dues.
Security Deposit: The security deposit’s amount, situations for its refund, and causes for which deductions can be made.
Use of Property: Provide details on how a tenant may use each property including rules limiting its use as well as acceptable purposes.
Maintenance and Repairs: The responsibilities for maintaining and repairing the property, which entail knowing who is in charge of doing regular maintenance work, repairs as well and improvements.
Utilities and Services: Information about utilities and services included in rent (e.g. water, electricity, and heating) and those that are a tenant’s responsibility.
Alterations and Improvements: The rules that any tenant who wants to make any alteration or renovation to the property must follow, including getting the necessary permission from the owner.
Insurance Requirements: Get detailed information on all required insurance along with the amount and type of insurance policy that one must have
Property Taxes and Other Expenses: Information about who is responsible for footing the property taxes, insurance premiums, and other expenses concerning the property.
Termination Conditions: Both parties have the power to terminate this agreement under specific circumstances. This includes the amount of notice required before the termination can take effect, as well as any penalties that might apply if one party decides to end it prematurely.
Subleasing and Assignment: Specifications on the renter’s option to sublet the dwelling unit or pass on the lease to another party.
Default and Remedies: Eviction is one of the actions that can lead to default by the tenant, and landlords can rely on it according to the provisions of their rental agreements or state laws when they have to repossess their houses. Recovery of unpaid rent is the other action that constitutes default by the tenant, and it may be followed by a court action if it happens frequently.
Dispute Resolution: This lease may give you a chance to deal with conflicts through such ways as mediation or arbitration.
Governing Law: This agreement shall be governed and interpreted under the legal jurisdiction.
Signatures: These signatures on the contract indicate that both parties agree to its terms.

A Commercial Lease Agreement is a legally enforceable contract that makes it easier to manage the relationship between two parties involved in the lease of a commercial space through the clear outline of their duties, thereby minimizing any sort of confusion or disputes that may arise between the involved parties.

Here are previews and download links for these free templates in MS Word format.