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Commercial Lease Template: Term, Renewal, Maintenance, Utilities

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New York Commercial Lease Agreement
Business-Oriented Commercial Lease Governed by New York Law
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Montana Commercial Lease Agreement
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Idaho Commercial Lease Agreement
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Georgia Commercial Lease Agreement
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Delaware Commercial Lease Agreement
Business-Oriented Commercial Lease Governed by Delaware Law
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North Dakota Commercial Lease Agreement
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Wyoming Commercial Lease Agreement
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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.

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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.


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Recent Project:
Lease review
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Turnaround: Less than a week
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Doc Type: Commercial Lease
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ContractsCounsel User

Recent Project:
Commercial Lease Review
Location: California
Turnaround: Less than a week
Service: Contract Review
Doc Type: Commercial Lease
Page Count: 30
Number of Bids: 11
Bid Range: $595 - $1,500

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