Basic Commercial Lease Agreement Template
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1
2Commercial Lease Agreement
This Commercial Lease Agreement ("Lease") is made and effective
____________________ [Date], by and between _______________________
[Landlord]
("Landlord") and _______________________
[Tenant]
("Tenant").
Landlord is the owner of land and improvements commonly known and
numbered as
________________________________________________________________
[Address of Building]
and legally described as follows (the "Building"):
________________________________________________________________
________________________________________________________________
[Legal Description of Building]
Landlord makes available for lease a portion of the Building designated as
__________________________________________________
[Suite or Other
Number of Leased Building]
(the "Leased Premises").
Landlord desires to lease the Leased Premises to Tenant, and Tenant desires to
lease the Leased Premises from Landlord for the term, at the rental and upon the
covenants, conditions and provisions herein set forth.
THEREFORE, in consideration of the mutual promises herein, contained and
other good and valuable consideration, it is agreed:
1. Term.
A. Landlord hereby leases the Leased Premises to Tenant, and Tenant hereby
leases the same from Landlord, for an "Initial Term" beginning
_______________________
[Start Date]
and ending
_______________________
[End
Date]. Landlord shall use its best efforts to
give Tenant possession as nearly as possible at the beginning of the Lease term.
If Landlord is unable to timely provide the Leased Premises, rent shall abate for
the period of delay. Tenant shall make no other claim against Landlord for any
such delay.
B. Tenant may renew the Lease for one extended term of
_______________________
[Renewal
Term]. Tenant shall exercise such
renewal option, if at all, by giving written notice to Landlord not less than ninety
(90) days prior to the expiration of the Initial Term. The renewal term shall be at
the rental set forth below and otherwise upon the same covenants, conditions
and provisions as provided in this Lease.
2. Rental.
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