Basic Commercial Lease Agreement Template

BASIC COMMERCIAL LEASE AGREEMENT

This Commercial Lease Agreement (the "Agreement") is made and entered into as of this [Day] day of [Month], [Year] (the "Effective Date"), by and between:

Landlord: [Landlord Name], a [Jurisdiction] [Entity Type, e.g., Limited Liability Company], having its principal place of business at [Landlord Address] (“Landlord”); and

Tenant: [Tenant Name], a [Jurisdiction] [Entity Type, e.g., Corporation], having its principal place of business at [Tenant Address] (“Tenant”).

RECITALS

WHEREAS, Landlord is the fee simple owner of the real property located at [Property Address], including the improvements thereon (the “Premises”); and WHEREAS, Tenant desires to lease the Premises from Landlord for the Permitted Use, and Landlord desires to lease the Premises to Tenant, subject to the terms and conditions set forth herein.

1. OPERATIONAL DEFINITIONS

1.1 "Base Rent" shall mean the monthly sum of $[Dollar Amount], payable in advance on the first day of each calendar month. 1.2 "Common Areas" shall mean all areas within the building or complex provided for the common use of tenants, including parking lots, lobbies, and hallways. 1.3 "Force Majeure" shall mean any event beyond the reasonable control of a party, including acts of God, war, terrorism, government-mandated lockdowns, or strikes. 1.4 "Lease Term" shall mean a period of [Number] years/months, commencing on [Start Date] and expiring on [End Date]. 1.5 "Permitted Use" shall mean [Description of Business Activity] and no other purpose without prior written consent from Landlord. 1.6 "Security Deposit" shall mean the sum of $[Dollar Amount] held by Landlord to secure Tenant’s performance.

2. SUBSTANTIVE TERMS & OBLIGATIONS

2.1 Grant of Lease: Landlord hereby leases the Premises to Tenant, and Tenant accepts the Premises in "as-is" condition, except as otherwise stipulated in writing. 2.2 Rent Payment: Tenant shall pay Base Rent and all additional charges via [Method of Payment] without deduction, set-off, or demand. 2.3 Utilities and Services: Tenant shall be responsible for all utility costs directly metered to the Premises, including [List Utilities]. 2.4 Maintenance: Tenant shall maintain the interior of the Premises in good order. Landlord shall be responsible for the structural integrity of the roof, foundation, and exterior walls. 2.5 Compliance with Law: Tenant shall operate the Premises in full compliance with all federal, state, and local laws, codes, and regulations. 2.6 Insurance: Tenant shall maintain at its sole expense Commercial General Liability Insurance in an amount not less than $[Dollar Amount] per occurrence, naming Landlord as an additional insured.

3. DEFAULT, TERMINATION, AND REMEDIES

3.1 Events of Default: An "Event of Default" occurs if: (a) Tenant fails to pay Rent within [Number] days of the due date; (b) Tenant breaches any other provision herein and fails to cure such breach within 30 business days after receipt of written notice; or (c) Tenant files for bankruptcy or becomes insolvent. 3.2 Remedies: Upon an Event of Default, Landlord may: (a) Terminate this Agreement upon further written notice; (b) Re-enter and take possession of the Premises; and (c) Recover all damages allowed by law, including unpaid rent and costs of re-letting. 3.3 Cumulative Remedies: Landlord’s remedies are cumulative and non-exclusive. Failure to enforce any remedy shall not constitute a waiver of the right to enforce it subsequently.

4. BOILERPLATE LEGAL PROVISIONS

4.1 Severability: If any provision of this Agreement is held invalid or unenforceable, the remaining provisions shall remain in full force and effect. 4.2 Entire Agreement: This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations or understandings. 4.3 Force Majeure: Neither party shall be liable for failure to perform due to Force Majeure, except for the obligation to pay Rent. 4.4 Governing Law: This Agreement shall be governed by and construed in accordance with the laws of [State/Jurisdiction]. 4.5 Dispute Resolution: Any dispute arising out of this Agreement shall be settled by binding arbitration in [City, State] under the rules of the American Arbitration Association, unless the parties mutually agree to submit to the exclusive jurisdiction of the courts located in [County, State].

5. FORMAL EXECUTION BLOCK

IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date.

LANDLORD:

Signature: ___________________________ Name: [Signatory Name] Title: [Signatory Title] Date: [Date]

TENANT:

Signature: ___________________________ Name: [Signatory Name] Title: [Signatory Title] Date: [Date]