Commercial Lease Template Word - Free Download
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Commercial 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
of Building] and legally described as follows (the "Building"):
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:
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.
A. Tenant shall pay to Landlord during the Initial Term rental of _______________________
[Annual Rent] per year, payable in installments of _______________________ [Monthly Rental
Amount] per month. Each installment payment shall be due in advance on the first day of each
calendar month during the lease term to Landlord at
[Landlord's Designated Payment Address] or at such other place designated by written notice
from Landlord or Tenant. The rental payment amount for any partial calendar months included in
the lease term shall be prorated on a daily basis. Tenant shall also pay to Landlord a "Security
Deposit" in the amount of _______________________ [Security Deposit].
B. The rental for any renewal lease term, if created as permitted under this Lease, shall be
_______________________ [Annual Rent in Renewal Term] per year payable in installments
of _______________________ [Monthly Rental Amount] per month.