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.
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Meet some of our Commercial Lease Template Lawyers
Joshua B.
Josh Bernstein has been serving real estate and corporate transactional clients since 2002. His experience is varied, and he enjoys working on and puzzling out novel and complex corporate and real estate matters. Josh’s experience includes, among other things, the following: representation of public companies in connection with SEC reporting and compliance work (proxies, 10-K’s; 10-Q’s; 8-K’s, etc.); representation of public and private company securities issuances (including private placements, and other similar offerings); assistance in structuring and drafting joint ventures, both for investors and operating partners, and including both real estate and corporate ventures; handling public and private company mergers and acquisitions; and asset sales and dispositions; assisting clients, big and small, with real estate acquisitions, sales and financings; managing large-scale and multi-state real estate portfolio acquisitions, dispositions and financings; complex condominium creation, structuring and governance work, including: commercial condominiums, use of condominiums as a land planning tool, wholesale condominium property acquisitions and dispositions, and rehabilitating failed or faulty condominium legal structures to make ready for sale; development of restrictive covenants and owners’ association documents for master-planned communities; compliance with federal statutes governing real estate sale and development (including, without limitation, the Interstate Land Sales Full Disclosure Act, the Housing for Older Persons Act, and the Americans with Disabilities Act); representation of real estate lenders, for both improved and unimproved property, and including numerous construction financings secured by real estate; assistance with commercial leasing; from both the landlord and tenant side, and including condominium leasing; training residential home and condominium sales staff for compliance with applicable local and federal law; and workouts of all kinds. When he’s not busy lawyering, Josh may be found watching 80’s commercials, flying a single-engine plane, playing poker, or trying to be a good dad.
"Josh has been extremely helpful sorting through issues with a tenant."
Samuel R.
My career interests are to practice Transactional Corporate Law, including Business Start Up, as well as Real Estate Law, Estate Planning Law, and Intellectual Property Law. I am currently licensed in Arizona, Pennsylvania and Utah, after having moved to Phoenix from Philadelphia in September 2019. I currently serve as General Counsel for a bioengineering company. I handle everything from their Business Transactional Agreements, Private Placement Memorandums, and Corporate Structures to Intellectual Property Assignments, to Employment Law and Beach of Contract settlements. Responsibilities include writing and executing agreements, drafting court pleadings, court appearances, mergers and acquisitions, transactional documents, managing expert specialized legal counsel, legal research and anticipating unique legal issues that could impact the Company. Conducted an acquisition of an entire line of intellectual property from a competitor. In regards to other clients, I am primarily focused on transactional law for clients in a variety of industries including, but not limited to, real estate investment, property management, and e-commerce. Work is primarily centered around entity formation and corporate structure, corporate governance agreements, PPMs, opportunity zone tax incentives, and all kinds of business to business agreements. I have also recently gained experience with Estate Planning law, drafting numerous Estate Planning documents for people such as Wills, Powers of Attorney, Healthcare Directives, and Trusts. I was selected to the Super Lawyers Southwest Rising Stars list for 2024 - 2026. Each year no more than 2.5% of the attorneys in Arizona and New Mexico are selected to the Rising Stars. I am looking to further gain legal experience in these fields of law as well as expand my legal experience assisting business start ups, and also trademark registration and licensing.
"Sam was awesome to work with, super helpful, knowledgeable, and professional. Highly recommend."
Max M.
Business attorney with a focus on the health care sector, bringing Biglaw experience in multi-million dollar mergers and acquisitions, financings, and general corporate counsel work to the small firm space. I now help startups and growing companies access the same level of sophistication and strategic guidance typically reserved for large institutions.
"Overall, Max M. did a great job compiling the demand letter. He was very thorough in requesting documentation, responding to questions promptly, and producing the letter. He provided reasonable explanations for the tone that he used along with recommendations for when to send it and what to demand. Additionally, he was very responsive and updated the draft promptly after feedback was provided. There were some minor grammatical errors present, but as Max M. provided me with a word document, I was able to easily rectify those."
Scott M.
I am Scott Mayer of The Mayer Law Group, Professional Corporation (please see my law firm website: mayerlawgroup.us, and my professional references on the site). I have been a successful California real estate attorney for over 30 years. I am unique as I am a real estate lawyer, broker, and developer who has experience with every aspect of real estate. I have managed three real estate platforms, including a national real estate development firm, a real estate family office with over $1 billion of commercial real estate under management, and serving as the Chief Real Estate Officer for Orange County, CA. I have managed the purchase and sale of over 125 commercial and residential properties, including the negotiation of purchase and sale agreements and the handling of due diligence, financing, and closing matters. I have negotiated over 225 commercial and residential real estate leases. I have managed the ground-up development of over 70 real estate projects. Most importantly, I am client-centric attorney who enjoys counseling clients on real estate matters. My role is to make sure my client's questions are answered, transaction issues are discussed and resolved, and my client's goals are successfully met.
"I like working with Scott M. He's very thorough and respond back quickly."
Christopher R.
Corporate and transactional attorney in sixth year of practice. Focus areas include general corporate counsel, labor and employment law, business partnership matters, securities matters related to privately-held companies, and regulatory compliance in securities and finance matters.
"Christopher has been incredibly helpful with our ongoing project!"
April 17, 2024
Eugene S.
I have experience with the protection and monetization of intellectual property, negotiating license agreements that have earned several hundred thousand dollars in revenue, and I have negotiated multiple multi-million dollar agreements. Additionally, I have worked with various client to incorporate intellectual property strategies into their underlying business plans. I have been working remotely for over seven years and I have a home office dedicated to my work. I am available to travel to clients on an as needed basis. I enjoy working with clients in this manner because the costs are reduced, and I have the freedom to travel to my clients as needed.
April 11, 2024
Kelly C.
Hello! I'm an attorney who practices mainly landlord/tenant law (eviction, both plaintiff and defendant side); and criminal law (misdemeanor). I also work as appearance counsel to fill in at hearing when conflicts arise for other lawyers.
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ContractsCounsel User
Review of Commercial Lease for Dispensary
Location: New Jersey
Turnaround: Less than a week
Service: Contract Review
Doc Type: Commercial Lease
Page Count: 35
Number of Bids: 5
Bid Range: $700 - $950
ContractsCounsel User