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Commercial Real Estate Lease Agreement template
Commercial Real Estate Lease Agreement sample


What is Commercial Real Estate Lease Agreement?

Commercial Real Estate Lease Agreement A Commercial Real Estate Lease Agreement governs the leasing of commercial real estate, specifying rent, lease duration, maintenance, and additional terms for commercial use.



Sample template:



Commercial Real Estate Lease Agreement


1. Parties and Premises

1.1. Identification of Parties


This Commercial Real Estate Lease Agreement ("Agreement") is made and entered into as of the date of last signature below (the "Effective Date"), by and between Homenick Homes Inc., a corporation organized under the laws of the United States ("Landlord"), and John Johnson, an individual ("Tenant"), collectively referred to as the "Parties."



1.2. Description of Premises


Landlord hereby leases to Tenant, and Tenant hereby rents from Landlord, the commercial space located at [Address], [City], [State], [Zip Code] (the "Premises"), more particularly described in Exhibit A attached hereto and incorporated by reference, for the term and upon the terms and conditions set forth in this Agreement.



2. Term and Rent

2.1. Lease Term


The term of this Agreement shall commence on the Effective Date and continue for a period of [number] years ("Term"), unless sooner terminated in accordance with the provisions of this Agreement.



2.2. Rent


Tenant agrees to pay Landlord rent in the amount of $[amount] per month (the "Rent"), payable in advance on the first day of each calendar month. Rent for any partial month at the beginning or end of the Term shall be prorated accordingly. Rent shall be paid by Tenant to Landlord without notice, demand, setoff, or deduction, at Landlord's address for notices set forth below or at such other address as Landlord may designate in writing.



3. Maintenance and Repairs

3.1. Landlord's Obligations


Landlord shall be responsible for (i) the maintenance, repair, and replacement of the roof, foundation, and exterior walls (excluding glass) of the Premises, and (ii) the maintenance, repair, and replacement of the common areas, including parking areas, sidewalks, and landscaped areas, in good and safe condition and in compliance with all applicable laws, regulations, and ordinances.



3.2. Tenant's Obligations


Tenant shall be responsible, at Tenant's sole cost and expense, for the maintenance, repair, and replacement of (i) all interior walls, floor coverings, doors, glass, windows, fixtures, and equipment within the Premises, and (ii) the plumbing, electrical, heating, ventilation, and air conditioning systems within the Premises, in good and safe condition and in compliance with all applicable laws, regulations, and ordinances. Tenant shall be responsible for the removal of all trash and debris from the Premises and for keeping the Premises in a neat and clean condition.



4. Use of Premises

Tenant shall use and occupy the Premises solely for [describe permitted commercial use] purposes and for no other use or purpose. Tenant shall not use the Premises for any illegal, immoral, or hazardous activities, and shall comply with all applicable laws, regulations, ordinances, and covenants, conditions, and restrictions affecting the Premises.



5. Indemnification and Insurance

5.1. Indemnification


Tenant shall indemnify, defend, and hold Landlord harmless from and against any and all claims, damages, liabilities, costs, and expenses, including reasonable attorney's fees, arising out of or in connection with Tenant's use and occupancy of the Premises, or any breach of this Agreement by Tenant.



5.2. Insurance


Tenant shall, at Tenant's sole cost and expense, obtain and maintain in full force and effect during the Term (i) commercial general liability insurance with limits of not less than $1,000,000 per occurrence and $2,000,000 in the aggregate, (ii) property insurance covering Tenant's personal property, fixtures, and improvements located on the Premises, (iii) worker's compensation insurance as required by law, and (iv) any other insurance required by law or reasonably requested by Landlord. All such insurance policies shall name Landlord as an additional insured and provide for thirty (30) days' prior written notice to Landlord of any cancellation, lapse, or material change in coverage.



6. Governing Law and Dispute Resolution

This Agreement shall be governed by and construed in accordance with the laws of the United States. In the event of any dispute arising out of or in connection with this Agreement, the Parties agree to first attempt to resolve the dispute through good faith negotiations. If the dispute cannot be resolved through negotiation, either Party may refer the dispute to binding arbitration in accordance with the rules of the American Arbitration Association.



7. Miscellaneous

7.1. Entire Agreement


This Agreement, including any exhibits and attachments hereto, constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes any and all prior oral or written agreements or understandings between the Parties relating to the subject matter hereof.



7.2. Amendments


This Agreement may be amended or modified only by a written instrument executed by both Parties.



7.3. Waiver


The waiver by either Party of any breach or default of any provision of this Agreement by the other Party shall not be construed as a waiver of any subsequent breach or default or a waiver of the provision itself.



7.4. Notices


Any notice, demand, request, or other communication that either Party may give or is required to be given under this Agreement must be in writing and must be delivered: (i) personally, (ii) by certified mail, return receipt requested, postage prepaid, (iii) by overnight courier, or (iv) by email, in each case, addressed to the other Party at the address set forth below or at such other address as the receiving Party may have provided to the giving Party by written notice in accordance with the provisions of this section.



Landlord: [Landlord's Name]
[Landlord's Address]
[Landlord's Email Address]

Tenant: [Tenant's Name]
[Tenant's Address]
[Tenant's

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Email Address]

Sections of a Commercial Real Estate Lease Agreement


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

  1. Parties and Premises
  2. Term and Rent
  3. Maintenance and Repairs
  4. Use of Premises
  5. Indemnification and Insurance
  6. Governing Law and Dispute Resolution
  7. Miscellaneous


Summary of the sections:

  1. Parties and Premises : This section identifies the landlord and tenant involved in the agreement and provides a description of the property being leased. Think of it as the introduction to the agreement, where the main characters and setting are introduced.

  2. Term and Rent : This section outlines the duration of the lease and the amount of rent to be paid by the tenant. It's like the main plot of the story, where the tenant agrees to pay a specific amount for a specific period in exchange for using the property.

  3. Maintenance and Repairs : This section explains the responsibilities of both the landlord and tenant when it comes to maintaining and repairing the property. It's like the rules of the game, where both parties have specific tasks to ensure the property stays in good condition.

  4. Use of Premises : This section describes the allowed use of the property by the tenant and any restrictions on its use. It's like the boundaries of the playground, where the tenant can only use the property for specific purposes and must follow certain rules.

  5. Indemnification and Insurance : This section requires the tenant to protect the landlord from any legal claims related to the tenant's use of the property and to maintain insurance coverage. It's like a safety net, ensuring that the landlord is protected from any potential issues that may arise during the lease.

  6. Governing Law and Dispute Resolution : This section establishes the legal framework for the agreement and outlines the process for resolving disputes between the landlord and tenant. It's like the rulebook, providing guidance on how to handle any disagreements that may occur during the lease.

  7. Miscellaneous : This section covers various additional terms and conditions, such as the entire agreement, amendments, waivers, and notices. It's like the fine print, tying up any loose ends and ensuring that all aspects of the agreement are clear and understood by both parties.

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