Sample Commercial Office Lease Agreement

The following article, “6th expenses” requires some attention so that we can define the additional costs for which the tenant may be responsible in addition to the additional obligations of the owner. Three checkbox options are provided to define whether the lease is gross, modified gross, or triple net (NNN). According to the terms agreed between the landlord and the tenant, you can only tick one of these three boxes. An additional measure to verify the intent of each party requires both initializing the chosen description. Therefore, tenants and landlords should carefully negotiate the terms of this agreement to ensure that each party is adequately protected and that obligations are clearly articulated. The first sections will try to present some details about the premises to be rented and some basic conditions of this lease. Look for the first item labeled “1. Description of the rented space”, then fill in the square footage of the office space that will be rented in the first empty line. The next blank line in this item, added to the “Room Type” check mark label, should contain a brief description of the area for rent. For example, it is part of offices, shop windows, factory premises, etc. This information should be followed by the full address where the office space for rent is physically located (building number, street name, unit number, city/neighborhood/zip code) and the state in which it is physically located on the last two spaces.

In some cases, it may be more difficult to properly describe a premise. If this is the case, a blank line labeled “Additional Description” has been inserted in this section so that you can insert such a description. The second article of that agreement, `2. Use of leased premises”, “will contain some empty lines that should be used to define exactly which actions/transactions are allowed in the leased space. This should be a complete list of everything the tenant is allowed to do in the rented area while participating in this agreement. The next point that requires information is titled “Rental Period”. Use the first two blank lines in this area to indicate how many years and months this agreement will be in effect after it runs. Use the first blank line for the number of years and the second for the number of months. For example, if this lease is for one year, place the number “1” on the first empty field and “0” on the second.

Next, indicate the calendar day, month and year when this agreement first enters into force by adding the first three empty lines after the words “. Starting with that. We will now define the day on which this agreement expires. Start by searching for the term “. Expiring at midnight on “then enter the calendar day, calendar month and calendar year of the date of termination of this Agreement. In the fourth article we must record the monthly amount of the rental in writing. Write the total dollar amount the tenant must pay in rent no later than the first of each month in the blank line after the words “. Should be. Also, be sure to enter the monthly rental amount as a number after the “$” sign on the empty field in parentheses. The last space in this paragraph requires the calendar day of each month in which the rent is considered due. Enter the digital day of the month in which the landlord is to receive the monthly rent for the tenant`s premises on this line. Many leases will discuss and define the issue of a tenant`s ability to renew the terms of a rental property.

In the fifth section, “Extension Option,” we have the opportunity to determine in writing the landlord`s position on this issue. First, select one of the first two check box statements in this area. If the tenant does not have the option to extend the terms of this lease for an additional period, select the first check box. With a lease percentage, the tenant pays the basic rent of the property, as well as a monthly percentage of the gross income of the company that operates the rented space. This type of rental is generally used for retail businesses. This Agreement terminates and supersedes all prior agreements regarding the subject matter of this Agreement. This Agreement may only be modified by another document duly signed by both parties. Personal guarantee – If the tenant`s business is not credible, the landlord should consider having the tenant sign a personal guarantee that binds the business owner to the lease. .