Free Printable Commercial Lease Agreement Templates (Word)

A commercial lease agreement template is used to establish lease terms when a landlord leases a commercial property to a tenant. With the help of a template, you create a personalized and legally binding contract.

What is a commercial lease agreement?

A commercial lease agreement is a legal agreement between a landlord and a tenant when they rent a property for commercial purposes. The document specifies the terms and conditions for both parties. This document enables the tenant to use the rental property for business purposes in exchange for payment. Furthermore, some other names of a commercial lease agreement are;A commercial lease agreement is a legal agreement between a landlord and a tenant when they rent a property for commercial purposes. The document specifies the terms and conditions for both parties. This document enables the tenant to use the rental property for business purposes in exchange for payment. Furthermore, some other names of a commercial lease agreement are;

• Business lease agreement
• Business rental agreement
• Commercial property lease agreement
• Commercial real estate lease agreement
• Commercial lease contract
• Office lease agreement

This agreement comes in handy when a landlord rents out the following commercial property to a tenant;

• Offices
• Warehouses
• Retail spaces
• Industrial spaces
• Factories
• Workshops
• Restaurants
• Healthcare facilities

When creating a commercial lease agreement, specify all the rights and obligations of all parties and the duration of the lease agreement. There is less chance of a dispute arising if you include more details in the agreement.

Who needs a commercial lease agreement?

A landlord needs a commercial lease agreement if they own commercial property and rent it to a tenant. Similarly, a tenant needs this agreement if they are renting commercial property and the landlord doesn’t create a written contract.

In addition, this agreement makes sure that tenants are bound to the terms of the agreement. It would be difficult to prove the agreed-upon terms of the tenancy without a contract. If the landlord wants to file a legal claim to evict their commercial tenant then a lease agreement can be extremely helpful.

What to include in a commercial lease agreement?

A commercial lease agreement should have all the essential terms in order to create a detailed agreement;

• The property’s details
• The permitted use of the rental property
• The personal information of each party
• The lease terms
• Who is responsible for utilities and insurance payments
• Security deposit information
• Information about improvements to the property
• Maintenance responsibilities
• Termination clauses
• Additional fees or expenses
• Insurance requirements for the property
• Each party’s signature

Writing a commercial lease agreement:

Consider the following steps to write a commercial lease agreement;

Identify the involved parties

Identify the parties who are involved in the lease agreement and include their complete names and addresses as well.

Describe the property

Describe in detail the commercial property being leased. You may have to include its address, square footage, and any other relevant details.

Define the lease terms

Specify the start and end dates of the commercial lease agreement. Also, you can include options for renewal or extension.

Set the rent and security deposit

In this section, you have to include the following details;

• The rent amount and how often it is due
• For non-payment, any late fees or penalties
• The amount of the security deposit
• How security deposit will be returned at the end of the lease

Mention any additional fees

If there are any additional expenses such as property taxes or maintenance costs then don’t forget to include them.

Specify permitted uses

Mention the allowed uses for the commercial property and any restrictions on use.

Outline tenant improvements

Outline the specific requirements if the tenant is allowed to make improvements to the property.

Mention insurance requirements

Here, you have to clearly state the insurance obligations for the property and who is responsible for paying the premiums.

Any termination clauses

Include any termination clauses as well as state conditions for early termination or default.

Sign and date the agreement

Both parties have to affix their signatures on the commercial lease agreement.

FAQ’s:

Before the end of the agreement, if the tenant wants to change the commercial lease then what happens?

You will need to make an amendment if you want to make any changes to the agreement. You will be able to officially change the agreement by using a lease agreement.

What properties are commercial?

These are as follows;

• Office spaces
• Industrial buildings
• Retail stores
• Restaurants
• Warehouses

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