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Commercial Lease Agreement template
Commercial Lease Agreement sample


What is Commercial Lease Agreement?

Commercial Lease Agreement A Commercial Lease Agreement outlines the terms for leasing commercial property, specifying rent, lease duration, maintenance responsibilities, and any additional terms.



Sample template:



Commercial Lease Agreement for Oakwood Plaza Office Complex


1. Parties

This Commercial Lease Agreement ("Agreement") is entered into as of the date of last signature below, by and between the landlord, Oakwood Plaza Office Complex, having its principal place of business at [Landlord's Address] ("Landlord"), and the tenant, Advanced Solutions Consulting LLC, a [State] limited liability company, having its principal place of business at [Tenant's Address] ("Tenant").



2. Premises

Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, the premises located at [Premises Address], Suite [Number], consisting of approximately [Square Feet] square feet ("Premises"). The Premises shall be used by Tenant solely for [Permitted Use] purposes.



3. Term

3.1. Initial Term


The initial term of this Agreement shall commence on [Commencement Date] and shall continue in full force and effect for a period of [Lease Term] years, unless sooner terminated as provided herein ("Initial Term").


3.2. Renewal


Tenant shall have the option to renew this Agreement for [Number] additional [Renewal Term Length] period(s) (each, a "Renewal Term") upon the same terms and conditions as set forth herein, including any rent adjustments, by providing written notice to Landlord not less than [Number] days prior to the expiration of the Initial Term or then current Renewal Term, as applicable.



4. Rent

4.1. Base Rent


Tenant shall pay to Landlord, without demand or set-off, as base rent for the Premises ("Base Rent"), the sum of [Rent Amount] per month, payable in advance on the first day of each calendar month during the Term. The first month's Base Rent shall be paid upon execution of this Agreement.


4.2. Late Charges


If any rent payment due under this Agreement is not received by Landlord within [Number] days after its due date, Tenant shall pay to Landlord a late charge equal to [Percentage]% of the overdue rent payment.



5. Security Deposit

Upon execution of this Agreement, Tenant shall deposit with Landlord the sum of [Security Deposit Amount] as a security deposit ("Security Deposit"), to be held by Landlord as security for Tenant's faithful performance of all terms, conditions, and provisions of this Agreement. The Security Deposit shall be returned to Tenant, without interest, within [Number] days after the expiration or sooner termination of this Agreement, less any amounts applied by Landlord for unpaid rent, damages, or other charges due hereunder.



6. Maintenance and Repairs

6.1. Tenant's Obligations


Tenant shall, at Tenant's sole expense, keep and maintain the Premises in a clean, safe, and operable condition and comply with all applicable laws, ordinances, and regulations relating to the use, condition, and maintenance of the Premises. Tenant shall promptly repair any damage to the Premises caused by Tenant or Tenant's agents, employees, or invitees.


6.2. Landlord's Obligations


Landlord shall, at Landlord's sole expense, maintain and repair the structural components of the building in which the Premises are located, including the roof, exterior walls, and foundation. Landlord shall also maintain and repair any building systems or equipment serving the Premises, including HVAC, plumbing, and electrical systems, provided that Tenant shall reimburse Landlord for the cost of any such maintenance or repairs necessitated by the negligence or willful misconduct of Tenant or Tenant's agents, employees, or invitees.



7. Alterations

No alterations, additions, or improvements to the Premises shall be made by Tenant without the prior written consent of Landlord, which consent shall not be unreasonably withheld, conditioned, or delayed. Any alterations, additions, or improvements made by Tenant with Landlord's consent shall, upon completion, become the property of Landlord and shall remain upon and be surrendered with the Premises at the expiration or sooner termination of this Agreement, unless otherwise agreed by the parties in writing.



8. Insurance

Tenant shall, at Tenant's sole expense, obtain and maintain in effect during the Term, commercial general liability insurance, property insurance, and such other insurance policies as may be reasonably required by Landlord to protect Landlord's interest in the Premises. All insurance policies shall name Landlord as an additional insured and shall provide for at least [Number] days' prior written notice to Landlord of any cancellation, non-renewal, or material modification of coverage.



9. Default and Remedies

9.1. Default


A default by Tenant shall occur if Tenant (a) fails to pay any rent or other amounts due hereunder within [Number] days after written notice of such failure; (b) abandons or vacates the Premises without Landlord's consent; (c) fails to comply with any other term, condition, or provision of this Agreement within [Number] days after written notice thereof from Landlord; or (d) files a petition in bankruptcy or becomes subject to any insolvency proceeding.


9.2. Remedies


In the event of any default by Tenant, Landlord shall have, in addition to any other remedies available under applicable law, the right to terminate this Agreement upon written notice to Tenant and to recover from Tenant all damages, including without limitation, any unpaid rent and other amounts due hereunder, the cost of reletting the Premises, and any deficiency in rent during the unexpired portion of the Term.



10. Indemnity

Tenant hereby indemnifies and holds harmless Landlord from and against any and all claims, demands, losses, damages, liabilities, and expenses, including attorney fees, arising from or in connection with any injury, death, or damage to any person or property occurring on the Premises, unless caused solely by the negligence or willful misconduct of Landlord or Landlord's agents, employees, or invitees.



11. Governing Law

This Agreement shall be governed by, construed, and enforced in accordance with the laws of the United States and the State of [State].



12. Entire Agreement

This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous oral and written agreements, discussions, and negotiations. No modification, amendment, or waiver of any provision of this Agreement shall be binding unless in writing and signed by the party against whom such modification, amendment, or waiver is sought to be enforced.



13. Counterparts

This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.



IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.



OAKWOOD PLAZA OFFICE COMPLEX


By: ___________________________


Name: _________________________


Title: ________________________



ADVANCED SOLUTIONS CONSULTING LLC


By: ___________________________


Name: _________________________


Title: ________________________

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Sections of a Commercial Lease Agreement


In this Commercial Lease Agreement, you will see the following sections:

  1. Parties
  2. Premises
  3. Term
  4. Rent
  5. Security Deposit
  6. Maintenance and Repairs
  7. Alterations
  8. Insurance
  9. Default and Remedies
  10. Indemnity
  11. Governing Law
  12. Entire Agreement
  13. Counterparts


Going indepth - Analysis of each section:

  1. Parties : This section introduces the landlord (Oakwood Plaza Office Complex) and the tenant (Advanced Solutions Consulting LLC) and provides their respective addresses.

  2. Premises : This section describes the specific office space being leased, including its address, suite number, and square footage. It also states the permitted use of the premises by the tenant.

  3. Term : This section outlines the initial term of the lease and any renewal options available to the tenant. It specifies the commencement date, lease term, and renewal terms, including the notice period required for renewal.

  4. Rent : This section details the base rent amount, when it is due, and any late charges that may apply if the tenant fails to pay on time.

  5. Security Deposit : This section explains the security deposit amount, its purpose, and the conditions under which it will be returned to the tenant at the end of the lease.

  6. Maintenance and Repairs : This section outlines the responsibilities of both the tenant and the landlord regarding the maintenance and repair of the premises, including who is responsible for specific types of repairs.

  7. Alterations : This section states that the tenant must obtain the landlord's written consent before making any alterations, additions, or improvements to the premises. It also explains that any approved changes become the property of the landlord upon completion.

  8. Insurance : This section requires the tenant to obtain and maintain various insurance policies, including naming the landlord as an additional insured and providing notice of any changes to coverage.

  9. Default and Remedies : This section defines what constitutes a default by the tenant and the remedies available to the landlord in the event of a default, including termination of the lease and recovery of damages.

  10. Indemnity : This section requires the tenant to indemnify and hold the landlord harmless from any claims, damages, or expenses arising from incidents on the premises, unless caused solely by the landlord's negligence or misconduct.

  11. Governing Law : This section states that the lease agreement is governed by the laws of the United States and the specific state in which the property is located.

  12. Entire Agreement : This section clarifies that the lease agreement represents the entire understanding between the parties and supersedes any previous agreements or negotiations. It also states that any changes to the agreement must be in writing and signed by both parties.

  13. Counterparts : This section allows the lease agreement to be executed in multiple counterparts, each of which is considered an original but together form one complete document.

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