Commercial lease template (US)

Commercial Lease Agreement

This Commercial Lease ("Lease") is made on Effective Date between Landlord Name, a Landlord Entity Type and State, at Landlord Address ("Landlord"), and Tenant Name, a Tenant Entity Type and State, at Tenant Address ("Tenant").

1. Premises

Landlord leases to Tenant the space known as Suite or Unit, of about Square Feet square feet, at Property Address (the "Premises"), with the shared use of common areas such as parking, entrances and restrooms.

2. Term

The term starts on Commencement Date and ends on Expiration Date. Tenant may renew for Renewal Term by written notice at least Renewal Notice Days days before the term ends, if Tenant is not then in default, at a rent of Renewal Rent or Formula.

3. Rent

Tenant will pay base rent of $Monthly Base Rent per month, in advance, on the first day of each month, starting on Rent Start Date. Base rent rises by Annual Increase each year. A payment more than Grace Days days late bears a late charge of $Late Charge.

4. Operating Costs

This Lease is Gross, Modified Gross or Triple Net. If Tenant shares operating costs, it will pay Tenant Share Percent% of the property's real estate taxes, property insurance and common area maintenance, as estimated monthly and reconciled once a year. Tenant may review the supporting records within Audit Days days of receiving the yearly statement.

5. Security Deposit

Tenant will pay a deposit of $Security Deposit on signing. Landlord may apply it to unpaid amounts or damage and will return the balance within Deposit Return Days days after the Lease ends and Tenant has left.

6. Use

Tenant will use the Premises only for Permitted Use, and will comply with zoning, licensing and other laws that apply to its business. Tenant confirms that it has checked that its use is allowed.

7. Condition and Improvements

Tenant accepts the Premises as is, except for Landlord Work. Tenant may not make structural changes, or other alterations above $Alteration Threshold, without Landlord's written consent, which will not be unreasonably withheld. Tenant will keep the Premises free of construction liens. Signs require Landlord's written approval and must comply with local rules.

8. Maintenance

Landlord will maintain the roof, structure, foundation, common areas and Other Landlord Systems. Tenant will maintain the interior of the Premises, its doors, glass, fixtures and Other Tenant Systems, and will pay for its own utilities.

9. Legal Compliance

Responsibility for the Americans with Disabilities Act and similar laws is as follows: Landlord for the common areas and structure, and Tenant for the interior of the Premises and its own alterations and operations. Tenant will not bring hazardous materials onto the property, other than ordinary office and cleaning supplies in lawful amounts.

10. Insurance and Indemnity

Tenant will carry commercial general liability insurance of at least $Liability Coverage per occurrence, naming Landlord as an additional insured, and insurance on its own property. Landlord will carry property insurance on the building. Each party will indemnify the other against third-party claims caused by its negligence or breach, to the extent the law allows.

11. Damage and Condemnation

If fire, casualty or condemnation makes the Premises unusable in whole or part, rent is reduced in proportion. Either party may end this Lease if the Premises cannot be restored within Restoration Days days.

12. Assignment and Subletting

Tenant may not assign this Lease or sublet without Landlord's written consent, which will not be unreasonably withheld. Tenant stays liable unless Landlord releases it in writing.

13. Access; Lender Documents

Landlord may enter on reasonable notice to inspect, repair or show the Premises, and at any time in an emergency. This Lease is subordinate to any mortgage on the property if the lender agrees not to disturb Tenant while Tenant is not in default. Tenant will sign an estoppel certificate within Estoppel Days days of a request.

14. Default

Tenant is in default if it fails to pay within Rent Cure Days days after written notice, or fails to cure another breach within Other Cure Days days after written notice, or longer if the breach cannot reasonably be cured in that time and Tenant is working diligently on it. Landlord may then use the remedies the law allows, including ending the Lease, recovering possession through legal process and recovering damages, and will make reasonable efforts to re-let where the law requires. Landlord is in default if it fails to cure a breach within Landlord Cure Days days after written notice.

15. End of Lease

At the end of the term Tenant will return the Premises clean and in good condition, apart from ordinary wear and permitted alterations, and remove its property. If Tenant stays without consent, rent is Holdover Percent% of the last base rent for each month or part of a month, and Landlord keeps its other remedies.

General Terms

Governing law. This Lease is governed by the laws of the State of Governing State, without regard to its conflict of laws rules. Any lawsuit will be brought in the state or federal courts located in Venue County and State.

Entire agreement. This Lease is the parties' complete agreement on its subject and replaces all earlier discussions. It may be changed only in a writing signed by both parties.

Severability. If a court finds any part of this Lease unenforceable, that part will be enforced to the extent the law allows, and the rest stays in effect.

Notices. Notices must be in writing and sent to the addresses above by personal delivery, certified mail or a nationally recognized courier.

Counterparts and e-signatures. This Lease may be signed in counterparts and by electronic signature, which has the same effect as an original.

| Landlord | Tenant |

| --- | --- |

| Signature: Landlord Signature | Signature: Tenant Signature |

| Name: Landlord Printed Name | Name: Tenant Printed Name |

| Date: Landlord Signing Date | Date: Tenant Signing Date |