Simple Commercial Lease Agreement Template Word Download

COMMERCIAL LEASE AGREEMENT

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

LANDLORD: [Landlord Entity Name], a [State/Jurisdiction] [Type of Entity], having its principal place of business at [Address] ("Landlord"), and

TENANT: [Tenant Entity Name], a [State/Jurisdiction] [Type of Entity], having its principal place of business at [Address] ("Tenant").

RECITALS WHEREAS, Landlord is the fee simple owner of the commercial 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.

NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties agree as follows:

1. OPERATIONAL DEFINITIONS

1.1 "Base Rent" shall mean the sum of $[Dollar Amount] per [Month/Year], payable in advance on the first day of each payment period. 1.2 "Commencement Date" shall mean [Date]. 1.3 "Term" shall mean the period beginning on the Commencement Date and ending on [Expiration Date]. 1.4 "Permitted Use" shall mean [Specific Business Activity] and no other purpose without the prior written consent of Landlord. 1.5 "Security Deposit" shall mean the sum of $[Dollar Amount], to be held by Landlord as security for the faithful performance of Tenant’s obligations.

2. SUBSTANTIVE TERMS AND OBLIGATIONS

2.1 Grant of Lease. Landlord hereby leases the Premises to Tenant, and Tenant hereby leases the Premises from Landlord, for the Term and at the Rent specified herein. 2.2 Rent Payments. Tenant shall pay Base Rent without deduction, set-off, or demand. Payments shall be made via [Method of Payment] to the address provided by Landlord. 2.3 Maintenance. Tenant shall, at its sole cost, maintain the interior of the Premises in good, sanitary, and functional condition. Landlord shall be responsible for structural repairs, including the roof, foundation, and exterior walls. 2.4 Compliance with Laws. Tenant shall, at its sole expense, comply with all federal, state, and local laws, ordinances, and regulations applicable to the Premises and the Permitted Use. 2.5 Insurance. Tenant shall maintain, at its sole expense, Commercial General Liability insurance with limits of 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" shall occur if: (a) Tenant fails to pay Rent within [Number] days of the due date. (b) Tenant fails to perform any other obligation under this Agreement and such failure continues for thirty (30) business days after written notice from Landlord. (c) Tenant files for bankruptcy or becomes insolvent. 3.2 Remedies. Upon an Event of Default, Landlord may, at its option: (a) Terminate this Agreement upon [Number] days' notice. (b) Recover all damages proximately caused by the breach, including unpaid Rent and costs of re-letting. (c) Exercise any other rights available at law or in equity under the laws of [Jurisdiction].

4. BOILERPLATE LEGAL PROVISIONS

4.1 Severability. If any provision of this Agreement is held to be invalid or unenforceable, the remaining provisions shall continue to be valid and enforceable. 4.2 Entire Agreement. This Agreement constitutes the entire agreement between the parties and supersedes all prior understandings, written or oral. 4.3 Force Majeure. Neither party shall be liable for failure to perform due to acts of God, war, terrorism, government-mandated closures, or other events beyond their reasonable control. 4.4 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of [Jurisdiction]. 4.5 Dispute Resolution. Any dispute arising out of or related to this Agreement shall be settled by binding arbitration in [City, State] in accordance with the rules of the American Arbitration Association.

5. EXECUTION BLOCK

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

LANDLORD:

Signature: ___________________________ Name: [Signatory Name] Title: [Title] Entity: [Landlord Entity Name] Date: ________________

TENANT:

Signature: ___________________________ Name: [Signatory Name] Title: [Title] Entity: [Tenant Entity Name] Date: ________________