Commercial Lease Template: Term, Renewal, Maintenance, Utilities
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If you need to rent a property or building for business purposes, you’ll need to draft a commercial lease. This agreement outlines important aspects of the relationship between the lessor and tenant, such as repairs and maintenance, insurance, and deposits.
On ContractsCounsel, an online legal network connecting lawyers and clients, you can purchase a commercial lease template that’s drafted by a lawyer on the platform. It’s clear, comprehensive, and legal.
In this article, we feature important things to know about this commercial lease template, what’s included in it, how to fill it out, and why you should purchase it from ContractsCounsel.
What Does a Commercial Lease Template Contain?
This commercial lease template covers important aspects, such as the following:
Term and Rent
The template contains information about how many years the rental property can be used by the tenant, including start and end dates. It also includes the amount payable per month.
Option to Renew
This outlines the process for the tenant to renew the lease and how this influences the monthly rental amount. The tenant needs to give the owner a specific amount of days’ written notice, or this option will lapse.
Use
The tenant needs to specify why they are using the rental property, such as for running a hair salon. This prevents the space from being used for other reasons.
Maintenance
It’s the tenant’s responsibility to maintain the property and complete required repairs, but there are important exceptions both parties need to know about. For example, the lessor is responsible for the roof, structural foundation, and exterior walls.
Trade Fixtures
All equipment and trade fixtures on the property are the lessor’s property, so they can’t be removed by the tenant.
Utilities
Since the tenant is using the commercial property, they will be responsible for all utility services. Their name will be on all applications and connections for these services to be established.
Remedies on Default
Should the tenant default on rent payments, they will receive a notice to rectify it within a certain amount of days. If they do not fulfill this, the lessor has the right to terminate the lease. If they choose this option, the lessor has the right to claim unpaid rent and/or other compensation from the tenant.
How to Fill out a Commercial Lease Template
You can easily complete the commercial lease template in seven steps.
- Step 1: Insert the names and addresses of both parties. Step 2: Write the start and end dates for the lease agreement, its duration (in years), and the annual rental amount.
- Step 3: For lease renewal, specify for how many months this will take effect, the monthly rental amount, and how many days’ written notice should be given before the lease term expires. Step 4: Write a short description of what the commercial property will be used for.
- Step 5: Write the minimum insurance coverage the tenant will maintain.
- Step 6: Select the amount of days the tenant has to remedy any defaults, such as by paying late rent.
- Step 7: For the security deposit, insert the amount that will be paid by the tenant.
Why You Should Purchase a Commercial Lease Template from ContractsCounsel
ContractCounsel’s commercial lease template is clear, legally sound, and contains important terms to govern the working relationship between lessor and tenant.
Here are some benefits to purchasing it:
- It’s downloadable. You don’t have to wait to receive the lease template in the mail. After purchasing it from ContractsCounsel’s website, you’ll receive a link to download the template to your device.
- It’s editable. You can make changes to the template so that it suits your requirements.
- It’s drafted by a vetted lawyer. A professional, experienced lawyer has drafted the lease template so that it’s clear, fair, and legal.
- It can include a consultation. If you have any queries, you can consult with the lawyer who drafted the template.
Do you need a commercial lease template?
Go to ContractsCounsel commercial lease template page. Click ‘buy template.’ You’ll be directed to a payment page and receive a link to download the template.
See Real Commercial Lease Projects
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ContractsCounsel is not a law firm, and this post should not be considered and does not contain legal advice. To ensure the information and advice in this post are correct, sufficient, and appropriate for your situation, please consult a licensed attorney. Also, using or accessing ContractsCounsel's site does not create an attorney-client relationship between you and ContractsCounsel.
Need help with a Commercial Lease Template?
Meet some of our Commercial Lease Template Lawyers
Joshua D.
I am an experienced small business attorney. I work diligently to ensure that small business owners achieve their objectives while maintaining compliance, satisfying legal duties, and engaging in smart contracting opportunities. I provide everything from organization, to lease/commercial real estate purchase agreement review and negotiation, and even IP filings. I can help to navigate commercial and government contracts, as well as other SaaS-type agreements.
"Joshua is a phenomenal attorney to work with. He has a personality and isn't monotone to converse with. He is extremely responsive and delivers timely. He answered all my questions, while fairly abiding by the scope of representation. I would work with him again."
Sarah T.
Sarah has been practicing law since 2010. Prior to becoming an attorney, Sarah worked in the insurance industry for 5 years. Sarah's practice includes civil litigation, contracts, and family matters.
"My prenup was delayed a couple of months to deliver for review, but Sarah is very patient and understanding."
Gill D.
Erik has been a practicing attorney in Florida for over a decade. He specializes in employment and real estate contracts. He has represented clients big and small and can assist with any contract issue.
"very responsive , rapid turnaround and helpful insights . most importantly best price I found by a mile"
Andrew F.
As an experienced attorney, I have honed my expertise across a broad spectrum of legal areas, providing comprehensive legal services tailored to meet the diverse needs of my clients. My practice encompasses business formation, contract law, privacy law, and other critical facets of the legal landscape. I specialize in drafting and reviewing various agreements, including Short Form Services Agreements, privacy policies, End User License Agreements (EULAs), and terms of service agreements for a wide range of industries. I pride myself on my ability to translate complex legal language into understandable terms, ensuring that all parties have a clear understanding of their rights and obligations. My client relationships are built on direct, transparent communication and a deep understanding of their business needs. My approach is characterized by meticulous attention to detail and a commitment to providing practical, legally sound solutions that protect and advance my clients' interests across multiple areas of law.
"Andrew did a fantastic job and was very quick to get me what I needed"
July 5, 2023
zurick s.
Zurick T. Smith is the founding member of The Law Office of Zurick T. Smith, PLLC. His firm services DC residents with Trusts & Estate Planning, simple to complex employment and business matters as well as business formations.
Ryan M.
July 5, 2023
Megan W.
My solo attorney law office is focused heavily on Family Law, but I also do residential real estate, and prepare Wills & Trusts.
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"Zachary was prompt, clear, and helpful in reviewing our commercial lease agreement and providing redlines. Would be happy to work with him again."
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"Awesome, on time and great communication. I will definitely use you again. Thank you."
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"Will did a great job of reviewing our commercial lease and explaining the legal implications in a clear way. We hope to work with him again in the future."
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"very responsive , rapid turnaround and helpful insights . most importantly best price I found by a mile"
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Quick, user friendly and one of the better ways I've come across to get ahold of lawyers willing to take new clients.
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Turnaround: Less than a week
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