Commercial Lease Agreement Template

Description

A commercial lease agreement is a form of contract between a landlord and a resident when renting a property for commercial purposes. Almost every business needs a space that can be used as an office space or a storage area. Concluding a commercial lease agreement is really easy. You can download and obtain a commercial lease agreement form from the Internet. You can find different types of models but you can choose the one that you think will be suitable for your company. The agreement contains many important things such as the purpose, taxes and reason for termination of the contract.

Commercial leases agreement are commonly between 5-10 years with options for the tenant to renew at pre-determined rates.

A commercial lease agreement is a legally binding document that outlines the terms and conditions of renting a commercial property. It typically includes details such as the length of the lease, the rent amount, the use of the property, and the responsibilities of both the landlord and the tenant.

The rent amount is usually based on the price per square foot of the leased space, and is calculated by multiplying the total square footage of the space by the agreed upon price per square foot. This amount is then typically reviewed and adjusted periodically, such as annually, to account for changes in the real estate market.

In addition to the base rent, tenants in a commercial lease agreement are also typically responsible for paying triple-net (NNN) expenses. These expenses are additional costs that are not included in the base rent and are typically passed on to the tenant. These expenses include property taxes, insurance, and maintenance, and are typically calculated as a percentage of the base rent or as a fixed amount.

It’s important to note that commercial lease agreements can be complex and may vary depending on the state laws, so it is always advisable to seek legal advice before signing one.

Item specifics

• Instant download.
• Lifetime license.
• Easy to edit, Easy to use.
• Template is 100% Customizable.