Commercial Lease Agreement Template
Possession and Handover.
This Commercial Lease Agreement (the “Agreement”) is made and entered into as of [Date], by and between:
Landlord: [Full Legal Name], having a mailing address of [Address], hereinafter referred to as the “Landlord.”
Tenant: [Full Legal Name], having a mailing address of [Address], hereinafter referred to as the “Tenant.”
The Landlord and the Tenant may each be referred to herein as a “Party” and collectively as the “Parties.”
Premises.
a. The Landlord hereby leases to the Tenant the following commercial property (“Premises”), situated at [Full Property Address and Description (suite number, floor, etc.)].
b. Included Areas: [Suite], [Storage], [Common area access], [Parking rights if any].
c. Delivery Condition: Landlord shall deliver the Premises in the condition reflected in Module 1.
Access and On-Site Rules.
a. Access Devices: [Keys/Fobs/Codes] shall be provided on [Date] and replaced at Tenant’s cost if lost.
b. Deliveries and Loading: [Delivery hours], [Loading dock procedures], [Freight elevator rules if any].
c. Vehicle/Parking Terms (if any): [Reserved spaces], [Permits], [Towing rules], [Guest parking].
Permitted Use and Compliance.
a. The Premises shall be used exclusively for [Describe Tenant’s Business/Authorized Use].
b. Tenant shall comply with all applicable federal, state, and local laws, regulations, and ordinances related to Tenant’s operations.
c. Tenant shall obtain and maintain necessary licenses and permits for its operations.
Lease Term and Holding Over.
a. The term of this Agreement (“Term”) shall commence on [Commencement Date] and shall expire on [Expiration Date], unless earlier terminated under this Agreement.
b. If Tenant remains in possession after expiration without a written extension, such possession shall be deemed a month-to-month tenancy subject to this Agreement, except rent shall be [Percentage/Amount] of the then-current rent.
Rent.
a. Tenant shall pay monthly rent in the amount of [Rent Amount in USD], due on or before the [Due Date] day of each month, payable by [Payment Method].
b. Proration: If commencement does not fall on the first day of a calendar month, rent shall be prorated on a [30-day month / actual days in month] basis.
c. Late Fee: If rent is not received within [Grace Period] after the due date, a late fee of [Late Fee Amount or Percentage] may be charged.
Security Deposit and Other Security.
a. Tenant shall pay a security deposit in the amount of [Security Deposit Amount in USD] before taking possession.
b. The security deposit may be applied to damages, unpaid rent, or other charges resulting from Tenant’s breach.
c. Additional Security (if any): [Personal guaranty], [Letter of credit], [Other: ____].
Operating Expenses and Utilities.
a. Lease Structure: [Gross / Modified Gross / Net / Triple Net (NNN)].
b. If additional rent applies, Tenant shall pay [Tenant’s Proportionate Share %] of [Taxes / Insurance / CAM] as invoiced pursuant to [Addendum A / this Section].
c. Utilities: Unless otherwise specified, Tenant shall arrange and pay for electricity, gas, water, trash removal, internet, and telephone.
Maintenance, Repairs, and Alterations.
a. Tenant shall keep the Premises clean, sanitary, and orderly and shall promptly make non-structural repairs required due to Tenant’s use.
b. Landlord shall be responsible for structural repairs to the roof, foundation, and exterior walls, except as otherwise agreed in writing.
c. Alterations require Landlord’s prior written consent and must comply with applicable law and building requirements.
Insurance.
a. Tenant shall maintain commercial general liability insurance with coverage of at least [Minimum Coverage Amount], naming Landlord as an additional insured.
b. If applicable, Landlord may maintain property insurance for the structure, the cost of which may be reimbursed by Tenant as additional rent.
c. Each Party releases the other to the extent of insurance proceeds received for covered property damage losses.
Assignment and Subletting.
a. Tenant shall not assign this Agreement or sublet any portion of the Premises without Landlord’s prior written consent.
b. Unauthorized transfers are void and constitute a default.
c. If consent is granted, Tenant shall ensure the transferee signs [Assumption Agreement / Sublease Agreement] acceptable to Landlord.
Default and Remedies.
a. Tenant is in default if Tenant fails to pay rent or other charges when due or breaches a material term and fails to cure within [Cure Period] after notice.
b. Upon default, Landlord may terminate this Agreement, retake possession, and pursue remedies available at law or in equity.
c. Enforcement Costs: Tenant shall pay Landlord’s legal fees and costs to the extent permitted by law.
Casualty, Condemnation, and Abatement.
a. If the Premises are damaged or destroyed by casualty so it becomes substantially unusable, Landlord shall use available insurance proceeds to repair within a reasonable time.
b. If repairs cannot be completed within [Time Frame], either Party may terminate upon written notice.
c. Rent shall abate proportionately during any period the Premises remain untenantable, unless the damage is caused by Tenant.
Notices and General Terms.
a. Governing Law and Venue: This Agreement shall be governed by the laws of the State of Texas. Any action shall be filed in the state or federal courts located in [County], Texas.
b. Notices shall be in writing and deemed given when delivered personally, sent by certified or registered mail (return receipt requested), or sent by a recognized courier service to the addresses above (or as updated by written notice).
c. Entire Agreement; Severability: This Agreement and any addenda are the entire agreement. Invalid provisions do not affect remaining provisions.
Module 1 - Condition Checklist at Delivery.
The checklist below forms part of the Agreement.
Area/Item | Condition at Delivery | Photo/Video Reference | Notes |
[Entry/Storefront] | [Good/Fair/Poor] | [Photo ID] | [Notes] |
[Floors/Walls/Ceiling] | [Good/Fair/Poor] | [Photo ID] | [Notes] |
[Restrooms] | [Good/Fair/Poor] | [Photo ID] | [Notes] |
[HVAC/Mechanical Visible Components] | [Good/Fair/Poor] | [Photo ID] | [Notes] |
[Electrical/Lighting] | [Good/Fair/Poor] | [Photo ID] | [Notes] |
[Other: ____] | [Good/Fair/Poor] | [Photo ID] | [Notes] |
Area/Item | Condition at Delivery | Photo/Video Reference | Notes |
[Entry/Storefront] | [Good/Fair/Poor] | [Photo ID] | [Notes] |
[Floors/Walls/Ceiling] | [Good/Fair/Poor] | [Photo ID] | [Notes] |
[Restrooms] | [Good/Fair/Poor] | [Photo ID] | [Notes] |
[HVAC/Mechanical Visible Components] | [Good/Fair/Poor] | [Photo ID] | [Notes] |
[Electrical/Lighting] | [Good/Fair/Poor] | [Photo ID] | [Notes] |
[Other: ____] | [Good/Fair/Poor] | [Photo ID] | [Notes] |
Area/Item
Condition at Delivery
Photo/Video Reference
Notes
[Entry/Storefront]
[Good/Fair/Poor]
[Photo ID]
[Notes]
[Floors/Walls/Ceiling]
[Restrooms]
[HVAC/Mechanical Visible Components]
[Electrical/Lighting]
[Other: ____]
Module 2 - Tenant Improvement Contractor Chain.
a. If Tenant performs improvements, Tenant shall identify the prime contractor as [Contractor Name] and provide [Contact Information] to Landlord before work begins.
b. Site Control During Work: [Landlord / Tenant / Shared], subject to written coordination requirements.
c. Tools and Materials: Ownership and responsibility for tools, materials, and debris are [Tenant / Contractor / Other: ____].
Module 3 - Remote/Outdoor Access Addendum (if any).
a. Access Notes: [Gate codes], [After-hours access], [GPS/landmarks], [Closest facility/contact].
b. Coverage/Connectivity: [Cell service notes], [Radio channel], [Emergency contact].
Signatures.
IN WITNESS WHEREOF, the Parties have executed this Commercial Lease Agreement on the dates indicated below.
Landlord: [Landlord Name]
Signature: ______________________________
Name/Title: [Authorized Signatory / Title]
Date: ______________________________
Tenant: [Tenant Name]
Guarantor (if any): [Guarantor Name]
Area/Item | Condition at Delivery | Photo/Video Reference | Notes |
[Entry/Storefront] | [Good/Fair/Poor] | [Photo ID] | [Notes] |
[Floors/Walls/Ceiling] | [Good/Fair/Poor] | [Photo ID] | [Notes] |
[Restrooms] | [Good/Fair/Poor] | [Photo ID] | [Notes] |
[HVAC/Mechanical Visible Components] | [Good/Fair/Poor] | [Photo ID] | [Notes] |
[Electrical/Lighting] | [Good/Fair/Poor] | [Photo ID] | [Notes] |
[Other: ____] | [Good/Fair/Poor] | [Photo ID] | [Notes] |