Commercial Lease Agreement Forms

A commercial lease agreement form spells out the terms and conditions of a leasing relationship between a landlord and a commercial tenant. It is a legally binding document form that details the expectations and conditions of the leasing relationship. The terms and conditions contained within commercial lease agreement forms are myriad. Here are a few of the major ones:

Term

This section of the commercial lease form spells out the duration of the leasing or rental period. The date upon which the tenant can assume control of the rental property is included, as are the terms for extending the lease beyond the initial term.

Rent

The landlord and tenant agree to a set monthly rental amount that the tenant must pay to the landlord in a timely fashion. The rental amount is usually due on or before a certain day each month. This section of the commercial lease agreement form may also layout additional fees including rental deposit and agreement extension terms.

Prohibited Uses

In this section of the commercial lease agreement form, the tenant agrees not to use the rental property to manufacture or store explosives, chemicals or other inherently dangerous or restricted materials.

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Sublease Qualifications

The landlord uses this part of the commercial lease agreement form to outline the conditions of a sublease by the tenant to other entities. In general, tenants cannot sublease without first receiving the consent of the landlord.

Repairs

The tenant agrees to make all necessary repairs to the property including those items such as the floors, walls and ceilings that might be worn or damaged through normal occupancy. The tenant agrees to incur the costs making these repairs. Major repairs to the roof or other property components are typically referred to in additional clauses of the commercial lease form.

Property Taxes

Here, the commercial lease agreement stipulates the landlord will pay all general real estate taxes for the property, and the tenant agrees to pay all taxes on tenant-owned property stored or housed on the premises.

Entry

The Agreement reserves the landlord’s right to visit the property during reasonable or agreed upon hours of the day, but agrees to not do so in a way that interferes with the tenant’s normal business operations.

Parking

It sounds minor, but this section of a commercial lease agreement form clarifies where tenants and tenant clients or customers may park their cars, and where they may not. This typically involves the tenant providing the landlord with a roster of employees and the make and model of their vehicles.

The above are just a few sections commonly found in a commercial lease agreement form. It’s by no means an exhaustive list of those sections found in all commercial lease agreements, which are written specifically for different types of property and business enterprise. However, taken with those other terms and conditions, these points of agreement between a landlord and tenant work to the mutual benefit of all involved, providing recurring income for the landlord and a secure place of business for the commercial tenant.