Commercial Rental Lease Agreement Template - Free Download
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SAMPLE COMMERCIAL LEASE AGREEMENT
THIS LEASE AGREEMENT is made and entered into [DATE], by and between
[NAME], whose address is [ADDRESS], (hereinafter referred to as
"Landlord"), and [NAME], whose address is [ADDRESS], (hereinafter referred
to as "Tenant").
ARTICLE I - GRANT OF LEASE
Landlord, in consideration of the rents to be paid and the covenants and agreements to be
performed and observed by the Tenant, does hereby lease to the Tenant and the Tenant
does hereby lease and take from the Landlord the property described in Exhibit "A"
attached hereto and by reference made a part hereof (the "Leased Premises"), together
with, as part of the parcel, all improvements located thereon.
ARTICLE II - LEASE TERM
Section l. Total Term of Lease. The term of this Lease shall begin on the
commencement date, as defined in Section 2 of this Article II, and shall terminate on
Section 2. Commencement Date. The "Commencement Date" shall mean the date on
which the Tenant shall commence to conduct business on the Leased remised, so long as
such date is not in excess of sixty (60) days subsequent to execution hereof.
ARTICLE III - EXTENSIONS
The parties hereto may elect to extend this Agreement upon such terms and conditions as
may be agreed upon in writing and signed by the parties at the time of any such extension.
ARTICLE IV - DETERMINATION OF RENT
The Tenant agrees to pay the Landlord and the Landlord agrees to accept, during the term
hereof, at such place as the Landlord shall from time to time direct by notice to the
Tenant, rent at the following rates and times:
Section 1. Annual Rent. Annual rent for the term of the Lease shall be [AMOUNT]
Dollars ($[#]), plus applicable sales tax.
Section 2. Payment of Yearly Rent. The annual rent shall be payable in advance in equal
monthly installments of one-twelfth (1/12th) of the total yearly rent, which shall be
[AMOUNT] Dollars ($[#]), on the first day of each and every calendar month during the
term hereof, and prorata for the
fractional portion of any month, except that on the first day of the