Free Real Estate Commercial Lease Agreement Template
Real Estate Commercial Lease Agreement
This Commercial Lease Agreement ("Lease") is made and entered into as of [Month Day, Year], by and between [Your Name] ("Landlord"), with an address at [Your Address], and [Tenant's Name] ("Tenant"), with an address at [Tenant's Address]. Landlord and Tenant may collectively be referred to as the "Parties."
1. Premises
Landlord hereby leases to Tenant and Tenant hereby leases from Landlord, on the terms and conditions set forth herein, the commercial property located at [Property Address], [City, State, ZIP Code] (the "Premises").
2. Term
The term of this Lease shall commence on [Month Day, Year] and shall end on [Month Day, Year], unless terminated sooner in accordance with the provisions of this Lease. The term may be extended by mutual written agreement of the Parties.
3. Rent
(a) Base Rent: Tenant agrees to pay Landlord as base rent the sum of $[0] per month. Base Rent shall be payable in advance on the first day of each month during the Term.
(b) Additional Rent: In addition to Base Rent, Tenant shall pay Landlord all additional rent as specified in this Lease, including but not limited to operating expenses, taxes, and insurance.
(c) Payment Method: All rent payments shall be made to Landlord at [Your Payment Address] or such other address as Landlord may designate in writing.
4. Security Deposit
Tenant shall deposit with Landlord the sum of $[0] (the "Security Deposit") upon execution of this Lease. The Security Deposit shall be held by Landlord as security for the performance of Tenant’s obligations under this Lease. Landlord may use the Security Deposit to cover any damage to the Premises or to cover any unpaid rent or other obligations of Tenant under this Lease. Landlord shall return the Security Deposit, less any amounts used for such purposes, within [0] days after the termination of this Lease.
5. Use of Premises
(a) Permitted Use: Tenant shall use the Premises solely for the purpose of operating a [retail clothing store], and for no other purpose without the prior written consent of Landlord. Tenant shall not use the Premises for any unlawful purpose or in any manner that would cause a nuisance or disturbance to other tenants or occupants of the building or surrounding properties.
(b) Compliance with Laws: Tenant agrees to obtain all necessary licenses, permits, and approvals required for its use of the Premises. Tenant shall comply with all applicable local, state, and federal laws, regulations, and ordinances relating to its use and occupancy of the Premises.
(c) Restrictions: Tenant shall not use or permit the use of the Premises for any of the following purposes: [storage of hazardous materials, manufacturing, adult entertainment]. Tenant acknowledges that any change in the permitted use of the Premises requires Landlord’s prior written consent, which Landlord may grant or withhold at its sole discretion.
(d) Alterations: Tenant shall not make any alterations or improvements to the Premises that change its use or function without the prior written consent of Landlord. Any alterations or improvements must comply with applicable laws and be performed in a professional manner.
(e) Insurance: Tenant shall maintain insurance coverage appropriate to its use of the Premises, as specified in Section 8 of this Lease. Landlord may require additional insurance coverage if Tenant’s use of the Premises involves higher risks or liabilities.
6. Maintenance and Repairs
(a) Tenant's Responsibilities: Tenant shall be responsible for all maintenance and repairs necessary to keep the Premises in good condition, including but not limited to repairs to the interior of the Premises, plumbing, electrical systems, and HVAC systems.
(b) Landlord's Responsibilities: Landlord shall be responsible for repairs and maintenance to the structural components of the building, including the roof, exterior walls, and foundation.
7. Utilities
Tenant shall be responsible for the payment of all utilities and services required for its use of the Premises, including electricity, water, gas, and telephone services.
8. Insurance
(a) Tenant's Insurance: Tenant shall maintain at its own expense comprehensive general liability insurance with limits not less than $[0] per occurrence, naming Landlord as an additional insured.
(b) Landlord's Insurance: Landlord shall maintain property insurance covering the Premises and the building in which the Premises are located.
9. Indemnification
Tenant agrees to indemnify, defend, and hold harmless Landlord from and against any and all claims, damages, liabilities, and expenses arising out of or in connection with Tenant’s use of the Premises, including any injury to persons or damage to property.
10. Assignment and Subletting
(a) Assignment: Tenant shall not assign this Lease or any interest therein without the prior written consent of Landlord, which consent shall not be unreasonably withheld.
(b) Subletting: Tenant shall not sublet the Premises or any portion thereof without the prior written consent of Landlord.
11. Default
(a) Events of Default: An "Event of Default" occurs if Tenant fails to pay rent or any other amount due under this Lease, fails to perform any other obligations under this Lease, or files for bankruptcy.
(b) Remedies: Upon the occurrence of an Event of Default, Landlord may terminate this Lease, re-enter the Premises, and pursue any other remedies available at law or in equity.
12. Surrender of Premises
Upon the expiration or termination of this Lease, Tenant shall surrender the Premises to Landlord in good condition, reasonable wear and tear excepted. Tenant shall remove all personal property and fixtures installed by Tenant.
13. Notices
Any notice required or permitted under this Lease shall be in writing and shall be deemed to have been duly given if delivered in person or sent by certified mail, return receipt requested, to the addresses specified in the preamble of this Lease.
14. Governing Law
This Lease shall be governed by and construed in accordance with the laws of the State of [State].
15. Entire Agreement
This Lease constitutes the entire agreement between the Parties and supersedes all prior agreements and understandings, whether written or oral, relating to the subject matter hereof.
16. Amendments
No amendment or modification of this Lease shall be valid or binding unless made in writing and signed by both Parties.
17. Waiver
The waiver of any breach or default under this Lease shall not be deemed a waiver of any subsequent breach or default.
18. Severability
If any provision of this Lease is determined to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.
19. Force Majeure
Neither Party shall be liable for any failure or delay in performing its obligations under this Lease if such failure or delay is due to causes beyond its reasonable control, including but not limited to acts of God, war, terrorism, or labor disputes.
20. Counterparts
This Lease may be executed in multiple counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the Parties hereto have executed this Lease as of the date first above written.
Landlord:
[Your Name]
[Month Day, Year]
Tenant:
[Full Name]
[Month Day, Year]
