Commercial Lease Agreement Template (Page 2 of 6) in pdf

Name

Date

Page 2 of 6

shall be no Rent Abatement Period, no Tenant Improvement

Allowance the Base Rent shall increase by _________ (__%)

annually.

BASE RENT:

The Base Rent shall be $______ per sq. ft. per year and shall

increase _____ percent (___%) annually.

PERCENTAGE RENT:

Percentage Rent shall be waived. Tenant shall report gross sales.

OPERATING EXPENSES:

Tenant shall pay its pro rata share of the triple net charges

(“Triple Net Charges”) of the Shopping Center, which includes

real estate taxes, insurance and common area maintenance

(“CAM”). The Triple Net Charges are estimated to be $_____

per square foot per annum. CAM shall include, but not be

limited to, roof repairs or replacement, parking lot resealing or

resurfacing, exterior painting, capital improvements so long as

they are not directly related to the construction of new structures,

and the standard fee for administration and supervision of the

Shopping Center.

RENT TAX:

Tenant shall pay all Rental Tax assessed against the Premises,

currently assessed at ____% of Base Rent and Triple Net

Charges.

TENANT’S INSURANCE:

Commencing on the Lease Commencement Date, Tenant, at its

expense, shall provide and maintain insurance (liability and

property casualty) naming the Landlord, its agents and its

managers as additional insureds, in the amount of $2,000,000 per

occurance and $5,000,000 in aggregate.

LEASE AND RENT

COMMENCEMENT DATE:

The Lease Term and Tenant’s obligation to pay Base Rent and

Triple Net Charges shall commence on the earlier of

(i)_____________________ or (ii) Tenant’s opening for

business in the Premises (“Lease Commencement Date”).

RENTAL ABATEMENT

PERIOD:

So long as Tenant is not in default of the Lease, Tenant shall not

be required to pay Base Rent during months ____________

through _________________ of the primary Lease Term. All

other charges due under the Lease such as Triple Net Charges

and Rental Tax shall be due as of the Lease Commencement

Date.

USE OF PREMISES:

The Premises shall be continuously used, throughout the term of

the

Lease,

solely

for

the

purposes

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee,

warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or order conditions, prior

sale, lease or financing, or withdrawal without notice. We included projections, opinions, assumptions or estimates for example only, and they

may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of

the property and transaction.

N:FormsLease LOIsLEASE PROPOSAL FORM-Gen '08.doc

Commercial Lease Agreement Template Page 2

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