Commercial Lease Agreement Template Wa

COMMERCIAL LEASE AGREEMENT (WASHINGTON STATE)

This Commercial Lease Agreement (the "Agreement") is entered into as of [Effective Date] (the "Effective Date") by and between [Landlord Name], a [State of Incorporation/Organization] [Entity Type] ("Landlord"), and [Tenant Name], a [State of Incorporation/Organization] [Entity Type] ("Tenant").

1. PREAMBLE AND RECITALS

WHEREAS, Landlord is the fee simple owner of that certain real property located at [Property Address], including the improvements situated thereon (the "Premises"); and WHEREAS, Landlord desires to lease the Premises to Tenant, and Tenant desires to lease the Premises from Landlord, subject to the terms and conditions set forth in this Agreement under the laws of the State of Washington.

2. OPERATIONAL DEFINITIONS

1. "Base Rent": The fixed monthly sum of $[Dollar Amount] payable by Tenant to Landlord.
2. "Common Areas": All areas within the property provided by Landlord for the general use of tenants, including parking lots, walkways, and lobbies.
3. "Commencement Date": [Date], at which time possession of the Premises is delivered to Tenant.
4. "Operating Expenses": All costs relating to the ownership, operation, and maintenance of the property, including but not limited to taxes, insurance, utilities, and common area maintenance.
5. "Security Deposit": The sum of $[Dollar Amount] held by Landlord as collateral for the faithful performance of Tenant’s obligations.
6. "Term": The period of [Number] years commencing on the Commencement Date and expiring on [Expiration Date].

3. SUBSTANTIVE TERMS AND OBLIGATIONS

3.1 Grant of Lease. Landlord hereby leases the Premises to Tenant, and Tenant accepts the Premises in "as-is" condition, subject to the Permitted Use. 3.2 Permitted Use. The Premises shall be used solely for [Description of Business Activity] and for no other purpose without the prior written consent of Landlord. 3.3 Payment of Rent. Tenant shall pay Base Rent in advance on the first day of each calendar month. Payments received after the [Number]-day grace period shall be subject to a late fee of [Percentage]%. 3.4 Taxes and Utilities. Tenant shall be responsible for all utilities consumed on the Premises and shall pay [Percentage]% of any property tax increases occurring after the Commencement Date. 3.5 Maintenance and Repair. Landlord shall maintain the structural integrity of the roof and exterior walls. Tenant shall maintain all interior components, HVAC systems, and plumbing fixtures. 3.6 Compliance with Law. Tenant shall comply with all applicable Washington State laws, local ordinances, and building codes relating to the Permitted Use.

4. DEFAULT, TERMINATION, AND REMEDIES

4.1 Events of Default. The following constitute a material breach: (i) failure to pay Rent within 10 days of the due date; (ii) failure to perform any non-monetary obligation for a period of 30 business days following written notice of such failure; or (iii) Tenant’s insolvency or bankruptcy. 4.2 Remedies. Upon an Event of Default, Landlord may: (i) terminate this Agreement; (ii) re-enter and take possession of the Premises; or (iii) pursue any other remedy available under Washington law, including recovery of accrued rent and damages for loss of the bargain. 4.3 Notice and Cure. Unless otherwise specified, no termination shall occur without the defaulting party having 30 business days to cure the breach upon receipt of written notice, provided the breach is curable within such timeframe.

5. BOILERPLATE LEGAL PROVISIONS

5.1 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Washington, without regard to conflict of law principles. 5.2 Dispute Resolution. Any dispute arising out of this Agreement shall be submitted to binding arbitration in [County Name] County, Washington, under the rules of the American Arbitration Association. The prevailing party shall be entitled to reasonable attorney fees. 5.3 Force Majeure. Neither party shall be liable for failure to perform duties (other than the payment of money) due to causes beyond their reasonable control, including acts of God, war, or government regulation. 5.4 Entire Agreement. This document constitutes the entire agreement between the parties and supersedes all prior discussions or memoranda. Any amendment must be in writing and signed by both parties. 5.5 Severability. If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall remain in full force and effect.

6. FORMAL EXECUTION BLOCK

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

LANDLORD: [Entity Name]

Signature

Name/Title

Date

TENANT: [Entity Name]

Signature

Name/Title

Date