Commercial Lease Agreement Template (Page 3 of 6) in pdf

Name

Date

Page 3 of 6

_____________________________ (“Use of Premises”) and for

no other purpose.

RIGHT OF EXCLUSIVE USE:

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

not enter into a lease with any other business whose expressed

primary purpose (use) is_____________________.

CONDITION OF THE

PREMISES:

Landlord shall deliver and Tenant shall accept the Premises

in an “as-is” condition, except that the HVAC shall be in

good working condition on or about the Lease

Commencement Date.

LANDLORD’S WORK:

Landlord shall deliver the Premises with the following work

substantially completed prior to the Lease Commencement Date

(“Landlord’s Work”):

walls drywalled, taped, textured but not painted,

smooth concrete floor,

2'x4' grid, lay-in acoustical tile ceiling with fluorescent

lighting throughout,

electrical service and outlets per code,

one finished handicap accessible bathroom,

Heating, Ventilation and Air Conditioning (HVAC) with

distribution duct work and vents.

TENANT IMPROVEMENT

ALLOWANCE:

Landlord’s sole obligation with respect to the construction of the

Tenant Improvements shall be to provide Tenant with an

allowance of $_____ per sq. ft. leased (“Tenant Improvement

Allowance”) to be paid upon the following occurrences i)

Tenant’s opening for business in the Premises, ii) Tenant’s

submittal to Landlord of a Certificate of Occupancy, and iii)

Tenant’s submittal to Landlord of complete lien waivers. All

additional improvements to the Premises shall be at Tenant’s

sole cost and expense. All construction work shall be designed

by a licensed architect and shall be performed by a licensed

general contractor. All plans and all construction work shall be

pre-approved by Landlord.

MAINTENANCE AND

REPAIRS:

Landlord, at its sole cost and expense, shall maintain and repair

the load bearing structural walls, roof structural, foundation, and

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 3

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