Tenancy Agreement Template for Business

COMMERCIAL LEASE AGREEMENT

DOCUMENT CONTROL

• Effective Date: [Date]
• Version: 1.0 (Standard Commercial)
• Jurisdiction: [State/Province/Country]
• Scope: Commercial Real Property Lease

---

LEGAL DISCLAIMER

This template is provided for informational purposes only and does not constitute formal legal advice. Use of this document does not create an attorney-client relationship. Given the high-stakes nature of commercial real estate and local zoning variances, you are advised to have this instrument reviewed by qualified local counsel prior to execution.

---

1. PARTIES

This Lease is entered into by and between:

• LANDLORD: [Landlord Full Legal Name], a [Entity Type, e.g., LLC] with a principal place of business at [Address] ("Landlord").
• TENANT: [Tenant Full Legal Name], a [Entity Type, e.g., Corporation] with a principal place of business at [Address] ("Tenant").

2. PREMISES

Landlord leases to Tenant the commercial property located at [Street Address, Suite Number, City, State, Zip], consisting of approximately [Number] square feet ("Premises").

3. TERM

• Commencement: [Start Date]
• Expiration: [End Date]
• Renewal Option: Tenant shall have [Number] option(s) to renew for additional terms of [Number] years each, provided notice is given at least [Number] days prior to expiration.

4. RENT AND OPERATING EXPENSES

• Base Rent: $[Amount] per month, due on the [Day] of each month.
• Security Deposit: $[Amount], held as security for performance.
• Additional Rent: Tenant shall pay [Triple Net/Gross/Modified Gross] expenses, including [Pro-rata Share %] of Property Taxes, Insurance, and Common Area Maintenance (CAM).

5. USE OF PREMISES

The Premises shall be used exclusively for [Nature of Business] and for no other purpose without Landlord’s prior written consent. Tenant shall comply with all local, state, and federal regulations.

6. MAINTENANCE AND REPAIRS

• Landlord Obligations: Structural components (roof, foundation, exterior walls).
• Tenant Obligations: All interior maintenance, plumbing, electrical, HVAC systems, and cosmetic upkeep.

7. INSURANCE AND INDEMNIFICATION

Tenant shall maintain throughout the Term:

• Commercial General Liability Insurance (Min. $[Amount] per occurrence).
• Property Insurance covering Tenant’s personal property.
• Tenant shall indemnify and hold Landlord harmless against all claims arising from Tenant’s use of the Premises.

8. DEFAULT AND REMEDIES

If Tenant fails to pay Rent within [Number] days of the due date or breaches any covenant herein, Landlord may, after providing [Number] days’ written notice and opportunity to cure, terminate this Lease and exercise all rights under applicable law, including eviction and recovery of damages.

9. ASSIGNMENT AND SUBLETTING

Tenant shall not assign this Lease or sublet the Premises without the prior written consent of the Landlord, which shall not be unreasonably withheld.

10. GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the jurisdiction of [Jurisdiction].

---

EXECUTION BLOCK

LANDLORD: Signature: __________________________ Date: __________ Print Name: _________________________ Title: __________

TENANT: Signature: __________________________ Date: __________ Print Name: _________________________ Title: __________

---

STEP-BY-STEP EXECUTION GUIDE

1. Due Diligence & Disclosure: Conduct a thorough walk-through of the Premises and document existing conditions via a "Condition Report" appended as an Exhibit.
2. Notarization & Witnessing: While not always mandatory for commercial leases, have both parties sign in the presence of a Notary Public to ensure the document is self-authenticating in court.
3. Counterpart Execution: Ensure both Landlord and Tenant receive a fully executed "wet-ink" or cryptographically verified digital original for their respective corporate records.
4. Recordation: If the term exceeds [Number] years (check local statute), consider filing a "Memorandum of Lease" with the local County Recorder's office to provide public notice of your interest.