Commercial Lease Agreement Template Wa

COMMERCIAL LEASE AGREEMENT

THIS COMMERCIAL LEASE AGREEMENT (the "Agreement") is made and entered into this [Day] day of [Month], [Year] (the "Effective Date"), by and between:

LANDLORD: [Landlord Name], a [State of Organization] [Entity Type, e.g., Limited Liability Company], with its principal place of business located at [Address] ("Landlord"); and

TENANT: [Tenant Name], a [State of Organization] [Entity Type], with its principal place of business located at [Address] ("Tenant").

RECITALS WHEREAS, Landlord is the fee simple owner of the real property located at [Full Property Address], including all improvements 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 herein.

1. OPERATIONAL DEFINITIONS

1.1 "Premises" shall mean the commercial space located at [Property Address], consisting of approximately [Square Footage] square feet, as depicted in Exhibit A. 1.2 "Base Rent" shall mean the monthly sum of $[Dollar Amount] payable by Tenant. 1.3 "Term" shall mean a period of [Number] years/months, commencing on [Start Date] and expiring on [End Date]. 1.4 "Business Day" shall mean any day other than a Saturday, Sunday, or a federal holiday in the United States. 1.5 "Operating Expenses" shall mean all costs associated with the ownership, management, and maintenance of the Premises, including property taxes, insurance, and utilities.

2. SUBSTANTIVE TERMS & OBLIGATIONS

2.1 Grant of Lease. Landlord hereby leases the Premises to Tenant, and Tenant hereby leases the Premises from Landlord, for the Term, subject to the covenants contained herein. 2.2 Rent Payments. Tenant shall pay Base Rent in advance on the first day of each calendar month. Payments shall be made via [Payment Method] to the account designated by Landlord. 2.3 Use of Premises. The Premises shall be used solely for [Permitted Use] and for no other purpose without the prior written consent of Landlord. Tenant shall comply with all applicable municipal, state, and federal laws. 2.4 Maintenance and Repairs. Tenant shall, at its sole expense, maintain the interior of the Premises in good order and repair. Landlord shall be responsible for the structural integrity of the roof, foundation, and exterior walls. 2.5 Insurance. Tenant shall maintain, at its sole cost, Commercial General Liability insurance naming Landlord as an additional insured, with a minimum coverage limit of $[Dollar Amount] per occurrence.

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 material provision of this Agreement and fails to cure such breach within 30 business days after receipt of written notice; or (c) Tenant files for bankruptcy or insolvency. 3.2 Remedies. Upon the occurrence of an event of default, Landlord may, at its option: (a) terminate this Agreement upon written notice; (b) re-enter and take possession of the Premises; or (c) pursue any other legal or equitable remedy available under the laws of the [Jurisdiction]. 3.3 Cure Period. Unless otherwise specified, Tenant shall have a period of 30 business days from the receipt of a formal Notice of Default to rectify any curable breach.

4. BOILERPLATE LEGAL PROVISIONS

4.1 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of [Jurisdiction], without regard to its conflict of law principles. 4.2 Dispute Resolution. Any dispute arising out of or relating to this Agreement shall be submitted to mandatory binding arbitration in [City, State] in accordance with the rules of the American Arbitration Association. 4.3 Force Majeure. Neither party shall be liable for failure to perform its obligations (other than payment obligations) due to events beyond their reasonable control, including acts of God, war, or government restrictions. 4.4 Entire Agreement. This Agreement constitutes the entire understanding between the parties and supersedes all prior discussions, representations, or agreements, whether written or oral. 4.5 Severability. If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall continue to be valid and enforceable to the fullest extent permitted by law.

5. FORMAL EXECUTION BLOCK

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

LANDLORD:

[Company Name]

Signature

[Name of Signatory] [Title]

TENANT:

[Company Name]

Signature

[Name of Signatory] [Title]