Fillable Printable Commercial Lease
Fillable Printable Commercial Lease
Commercial Lease
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Commercial Lease
This lease is made between of , herein called Lessor, and of , herein
called Lessee. Lessee hereby offers to lease from Lessor the premises situated in the City of
, County of , State of , described as upon the following TERMS and
CONDITIONS:
1. Term and Rent. Lessor demises the above premises for a term of years, commencing
, 20 , and terminating on , 20 , or sooner as provided herein at the
annual rental rate of Dollars ($ ) payable in equal installments in advance on the
first day of each month for that month’s rental, during the term of this lease. All rental payments
shall be made to Lessor, at the address specified above.
2. Use. Lessee shall use and occupy the premises for . The premises shall be used for no
other purpose. Lessor represents that the premises may lawfully be used for such purpose.
Lessee shall not use the premises for the purposes of storing, manufacturing or selling any
explosives, flammables, or other inherently dangerous substance, chemical, thing, or device.
3. Care and Maintenance of Premises. Lessee acknowledges that the premises are in good
order and repair, unless otherwise indicated herein. Lessee shall, at his own expense and at all
times, maintain the premises in good and safe condition, including plate glass, electrical wiring,
plumbing and heating installations and any other system or equipment upon the premises and
shall surrender the same, at termination hereof, in as good condition as received, normal wear
and tear excepted. Lessee shall be responsible for all repairs required, excepting the roof,
exterior walls, structural foundations, and , which shall be maintained by Lessor. Lessee
shall also maintain in good condition such portions adjacent to the premises, such as sidewalks,
driveways, lawns and shrubbery, which would otherwise be required to be maintained by
Lessor.
4. Alterations. Lessee shall not, without first obtaining the written consent of Lessor, make any
alterations, additions, or improvements, in, to or about the premises.
5. Ordinances and Statutes. Lessee shall comply with all statutes, ordinances and
requirements of all municipal, state and federal authorities now in force, or which may hereafter
be in force, pertaining to the premises, occasioned by or affecting the use thereof by Lessee.
6. Assignment and Subletting. Lessee shall not assign this lease or sublet any portion of the
premises without prior written consent of the Lessor, which shall not be unreasonably withheld.
Any such assignment or subletting without consent shall be void and, at the option of the
Lessor, may terminate this lease.
7. Utilities. All applications and connections for necessary utility services on the demised
premises shall be made in the name of Lessee only, and Lessee shall be solely liable for utility
charges as they become due, including those for sewer, water, gas, electricity, and telephone
services. In the event that any utility or service provided to the premises is not separately
metered, Lessor shall pay the amount due and separately invoice Lessee for Lessee's pro rata
share of the charges. Tenant shall pay such amounts within fifteen (15) days of invoice.
Lessee acknowledges that the leased premises are designed to provide standard office use
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electrical facilities and standard office lighting. Lessee shall not use any equipment or devices
that utilize excessive electrical energy or that may, in Lessor's reasonable opinion, overload
the wiring or interfere with electrical services to other tenants.
8. Entry and Inspection. Lessee shall permit Lessor or Lessor’s agents to enter upon the
premises at reasonable times and upon reasonable notice, for the purpose of inspecting the
same, and will permit Lessor at any time within sixty (60) days prior to the expiration of this
lease, to place upon the premises any usual “To Let” or “For Lease” signs, and permit persons
desiring to lease the same to inspect the premises thereafter.
9. Parking. During the term of this lease, Lessee shall have the nonexclusive use in common
with Lessor, other tenants of the building, their guests and invitees, of the nonreserved
common automobile parking areas, driveways, and foot ways, subject to rules and regulations
for the use thereof as prescribed from time to time by Lessor. Lessor reserves the right to
designate parking areas within the building or in a reasonable proximity thereto, for Lessee
and Lessee's agents and employees. Lessee shall provide Lessor with a list of all license
numbers for the cars owned by Lessee, its agents and employees. Separated structured
parking, if any, located about the building is reserved for Lessees of the building who rent such
parking spaces. Lessee hereby leases from Lessor spaces in such a structural parking
area, such spaces to be on a first-come first-served basis. In consideration of the leasing to
Lessee of such spaces, Lessee shall pay a monthly rental Dollars ($ ) per space
throughout the term of the lease. Such rent shall be due and payable each month without
demand at the time herein set for the payment of other monthly rentals, in addition to such
other rentals.
10. Possession. If Lessor is unable to deliver possession of the premises at the
commencement hereof, Lessor shall not be liable for any damage caused thereby, nor shall
this lease be void or voidable, but Lessee shall not be liable for any rent until possession is
delivered. Lessee may terminate this lease if possession is not delivered within days of
the commencement of the term hereof.
11. Indemnification of Lessor. To the extent of the law, Lessor shall not be liable for any
damage or injury to Lessee, or any other person, or to any property, occurring on the demised
premises or any part thereof. Lessee agrees to indemnify and hold Lessor harmless from any
claims for damages which arise in connection with any such occurrence. Said indemnification
shall include indemnity from any costs or fee which Lessor may incur in defending said claim.
12. Insurance. Lessee, at his expense, shall maintain plate glass and public liability insurance
including bodily injury and property damage insuring Lessee and Lessor with minimum
coverage as follows:
Lessee shall provide Lessor with a Certificate of Insurance showing Lessor as
additional insured. The Certificate shall provide for a ten-day written notice to Lessor in
the event of cancellation or material change of coverage. To the maximum extent
permitted by insurance policies which may be owned by Lessor or Lessee, Lessee and
Lessor, for the benefit of each other, waive any and all rights of subrogation which
might otherwise exist.
If the leased premises or any other part of the building is damaged by fire or other
casualty resulting from any act of negligence of Lessee or any of Lessee's agents,
employees or invitees, rent shall not be diminished or abated while such damages are
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under repair, and Lessee shall be responsible for the costs of repair not covered by
insurance.
13. Eminent Domain. If the premises or any part thereof or any estate therein, or any other
part of the building materially affecting Lessee’s use of the premises, shall be taken by eminent
domain, this lease shall terminate on the date when title vests pursuant to such taking. The rent,
and any additional rent, shall be apportioned as of the termination date, and any rent paid for
any period beyond that date shall be repaid to Lessee. Lessee shall not be entitled to any part
of the award for such taking or any payment in lieu thereof, but Lessee may file a claim for any
taking of fixtures and improvements owned by Lessee, and for moving expenses.
14. Destruction of Premises. In the event of a partial destruction of the premises during the
term hereof, from any cause, Lessor shall forthwith repair the same, provided that such repairs
can be made within sixty (60) days under existing governmental laws and regulations, but such
partial destruction shall not terminate this lease, except that Lessee shall be entitled to a
proportionate reduction of rent while such repairs are being made, based upon the extent to
which the making of such repairs shall interfere with the business of Lessee on the premises. If
such repairs cannot be made within said sixty (60) days, Lessor, at his option, may make the
same within a reasonable time, this lease continuing in effect with the rent proportionately
abated as aforesaid, and in the event that Lessor shall not elect to make such repairs which
cannot be made within sixty (60) days, this lease may be terminated at the option of either party.
In the event that the building in which the demised premises may be situated is destroyed to an
extent of not less than one-third of the replacement costs thereof, Lessor may elect to terminate
this lease whether the demised premises be injured or not. A total destruction of the building in
which the premises may be situated shall terminate this lease
15. Lessor’s Remedies on Default. If Lessee defaults in the payment of rent, or any additional
rent, or defaults in the performance of any of the other covenants or conditions hereof, Lessor
may give Lessee notice of such default and if Lessee does not cure any such default within
days, after the giving of such notice (or if such other default is of such nature that it
cannot be completely cured within such period, if Lessee does not commence such curing
within such days and thereafter proceed with reasonable diligence and in good faith to
cure such default), then Lessor may terminate this lease on not less than days’ notice to
Lessee. On the date specified in such notice the term of this lease shall terminate, and Lessee
shall then quit and surrender the premises to Lessor, without extinguishing Lessee’s liability. If
this lease shall have been so terminated by Lessor, Lessor may at any time thereafter resume
possession of the premises by any lawful means and remove Lessee or other occupants and
their effects. No failure to enforce any term shall be deemed a waiver.
16. Security Deposit. Lessee shall deposit with Lessor on the signing of this lease the sum of
Dollars ($ ) as security for the performance of Lessee’s obligations under this lease,
including without limitation the surrender of possession of the premises to Lessor as herein
provided. If Lessor applies any part of the deposit to cure any default of Lessee, Lessee shall
on demand deposit with Lessor the amount so applied so that Lessor shall have the full deposit
on hand at all times during the term of this lease.
17. Tax Increase. In the event there is any increase during any year of the term of this lease in
the City, County or State real estate taxes over and above the amount of such taxes assessed
for the tax year during which the term of this lease commences, whether because of increased
rate or valuation, Lessee shall pay to Lessor upon presentation of paid tax bills an amount equal
to percent ( %) of the increase in taxes upon the land and building in which the
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leased premises are situated. In the event that such taxes are assessed for a tax year extending
beyond the term of the lease, the obligation of Lessee shall be proportionate to the portion of
the lease term included in such year.
18. Common Area Expenses. In the event the demised premises are situated in a shopping
center or in a commercial building in which there are common areas, Lessee agrees to pay his
prorata share of maintenance, taxes, and insurance for the common area.
19. Attorney’s Fees. In case suit should be brought for recovery of the premises, or for any
sum due hereunder, or because of any act which may arise out of the possession of the
premises, by either party, the prevailing party shall be entitled to all costs incurred in connection
with such action, including a reasonable attorney’s fee.
20. Waiver. No failure of Lessor to enforce any term hereof shall be deemed to be a waiver.
21. Notices. Any notice which either party may or is required to give, shall be given by mailing
the same, postage prepaid, to Lessee at the premises, or Lessor at the address specified
above, or at such other places as may be designated by the parties from time to time.
22. Heirs, Assigns, Successors. This lease is binding upon and inures to the benefit of the
heirs, assigns and successors in interest to the parties.
23. Option to Renew. Provided that Lessee is not in default in the performance of this lease,
Lessee shall have the option to renew the lease for an additional term of
months
commencing at the expiration of the initial lease term. All of the terms and conditions of the
lease shall apply during the renewal term except that the monthly rent shall be the sum of
Dollars ($
). The option shall be exercised by written notice given to Lessor not less than
days prior to the expiration of the initial lease term. If notice is not given in the manner
provided herein within the time specified, this option shall expire.
24. Subordination. This lease is and shall be subordinated to all existing and future liens and
encumbrances against the property.
25. Radon Gas Disclosure. As required by law, (Landlord) (Seller) makes the following
disclosure: “Radon Gas” is a naturally occurring radioactive gas that, when it has accumulated
in a building in sufficient quantities, may present health risks to persons who are exposed to it
over time. Levels of radon that exceed federal and state guidelines have been found in buildings
in . Additional information regarding radon and radon testing may be obtained from your
county public health unit.
26. Entire Agreement. The foregoing constitutes the entire agreement between the parties and
may be modified only by a writing signed by both parties. The following Exhibits, if any, have
been made a part of this lease before the parties’ execution hereof:
Signed this day of , 20 .
Lessor:
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Lessee:
