Commercial Lease Agreement
A lease for a shop, office, warehouse or other business premises, with base rent, shared costs and repair duties. The tenant business signs first, then the landlord.
For the United States, Canada, the United Kingdom and Australia.
The PDF is free to download. Centilio Sign is free to start.
What it covers
The template has 15 parts.
- Premises
- Permitted use
- Term and renewal
- Base rent
- Additional rent
- Security deposit
- Maintenance and repairs
- Alterations
- Insurance
- Assignment and subletting
- Access
- Default and remedies
- End of the lease
- Governing law
- Whole agreement
What you will be asked
Have these details ready. The template needs them before anyone signs.
- What is the full address of the premises, with the unit or suite number?
- About how big are the premises?Optional
- What will the tenant use the premises for?
- On what date does the lease start?
- How long is the lease?
- Does the tenant have an option to renew? Say none if not.
- How much is the base rent each month?
- How does the rent go up during the lease? Say none if it stays the same.
- What does the tenant pay on top of the base rent? Say none if the rent covers everything.
- How much is the security deposit? Say none if there is no deposit.
Who signs
Everyone the template names, and what each one does.
- TenantSigns
- LandlordSignsSends it
Where it fits
For business premises. Use the residential lease for a home someone lives in, and the sublease agreement when a tenant sublets.
Before you rely on it
Original Centilio wording, not legal advice. Commercial lease law is local, and retail tenancy laws, required disclosure statements, registration of long leases and tax on rent differ by state, province and country. Have a lawyer where the premises are read it before you approve it, especially the rent, shared costs and default terms.
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