Utah Commercial Lease: Types, Key Terms To Know, Costs

Reviewed for legal accuracy by Forest Hamilton JD

Quick Facts — Commercial Lease Lawyers

A Utah commercial lease agreement is a lawfully binding record used by a property owner and lessees to rent a real estate property. The commercial lease agreement will specify the obligations and provisions for each person, with the lessee's primary responsibility to pay rent timely. And before approving a lease, the owner must verify the lessee's financials by conducting a credit assessment. If the owner consents, a lease is documented and signed by both individuals entering a commercial lease agreement.

Significant Disclosures Required in Utah Commercial Lease

According to national and state regulations, the following revelations must appear on Utah commercial lease agreements:

  • A property owner must disclose any known lawful or zoning infringements on the property to the lessee.
  • All lease contracts must comprise a lead paint disclosure to inform the company of possible exposure to lead in premises constructed before 1978. Tenants must also be aware of the effects of lead on children and pregnant women.
  • Sewage systems and any damaged sewer must also get disclosed in the rental lease.
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Other Terms Included in a Utah Commercial Lease

A Utah commercial lease agreement must comprise the following information:

  • The personal attributes and names of both the lessor and lessee.
  • Details about the commercial property and its physical location.
  • Details about the rental property's security deposit, including when the lessee is expected to settle.
  • The date on which rent payment is due, the applicable late fees and how much the tenant will be responsible for paying each month.
  • The signatures of the lessee and property owner and the date must appear at the end of the lease agreement.
  • The rental lease renewal process.
  • Who will be accountable for paying for the maintenance, utilities, taxes, and insurance.

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Meet some of our Utah Commercial Lease Lawyers

Tiffany O. on ContractsCounsel
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5.0 (7)
Member Since:
January 3, 2024

Tiffany O.

Attorney
Free Consultation
Washington, Utah
10 Yrs Experience
Licensed in UT NM
J. Reuben Clark Law School

Tiffany received her Juris Doctorate from the J. Reuben Clark Law School, Magna Cum Laude. She is admitted to the Utah State Bar and the New Mexico State Bar. She practices in the areas of real estate, general business, business formation, employment agreements, and civil litigation.

Recent  ContractsCounsel Client  Review:
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"Overall great experience, Tiffany was very easy to work with even though we are in different time zones."

Jared S. on ContractsCounsel
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5.0 (1)
Member Since:
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Jared S.

Attorney
Free Consultation
Utah
20 Yrs Experience
Licensed in UT ID
Gonzaga School of Law

I am a business-focused attorney. My practice covers all aspects of business law - from entity formation and contracts to real estate transactions and employment matters. I review, negotiation, draft and analyze contracts including: business asset purchase agreements, non-disclosure/confidentiality agreements, commercial leases, cease-desist letters, payment demand letters, construction contracts, consulting agreements and many more. I also guide clients through estate planning to protect both their business and personal interests.

Jared F. on ContractsCounsel
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Jared F.

Managing Attorney
Free Consultation
Salt Lake City, UT
22 Yrs Experience
Licensed in UT NV
Harvard Law School

Jared Fields is an experienced business lawyer and litigator with experience in diverse industries and practice areas. Prior to launching his own practice, he served as the chief legal officer for a group of privately-owned companies, including a real estate development group, construction companies, multiple franchisees, and a professional soccer team. As a result, he is experienced in real estate transactions, commercial agreements of varying degrees of sophistication, employment matters, and litigation, as well as general business legal advice. He was also an in-house attorney for a renewable energy company, where he was responsible for litigation, investigations, enforcement actions, and related securities filing disclosures. Mr. Fields also spent many years as a litigator in private practice, representing clients in matters ranging from securities litigation, to breach of contract, to cases involving real estate and financial services. Mr. Fields has particular experience in legal matters that may involve complex financial, accounting, valuation, and other quantitative issues.

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Darren W. on ContractsCounsel
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Darren W.

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Free Consultation
South Jordan, Utah
22 Yrs Experience
Licensed in UT AZ, CO, WY
J. Reuben Clark, BYU

My main focus is estate planning and business transactions, but I have had many practice areas throughout my career, including criminal defense and prosecution, civil litigation from neighborhood squabbles to corporate contentions. I have also worked in bankruptcy, family law, collections, employment law, and personal injury. I stand ready to assist in any area to which I feel I can be of service, but will not try to fake it if I do not know the area of law I am being asked to serve in.

Alexander C. on ContractsCounsel
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Alexander C.

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Tampa, Florida
6 Yrs Experience
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I am a solo practitioner that runs my own legal practice. I am currently licensed in 16 states and I'm working to expand that reach.

Bryan F. on ContractsCounsel
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Bryan F.

Partner
Salt Lake City, Utah
26 Yrs Experience
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Business and Transaction focused attorney with 25+ years of experience in matters ranging from real estate and land use, energy and oil & gas, business acquisitions, mergers & acquisitions, contracts and capital financing.

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Real Estate

Commercial Lease

Texas

Asked on May 12, 2021

Should I use a lawyer for commercial lease?

It is a very long lease and I'm not sure what it says. I also don't want to pay a fortune to have it reviewed to eat into my budget.

George O.

Answered May 12, 2021

Yes! Before signing any contract/agreement/lease, or anything that appears to be a binding agreement, it is worth the money to have a lawyer review it. I charge a flat fee to review any and all agreements, so my clients know up front what they are paying, and they consider it a cost of doing business. The alternative, i.e. not having a lawyer review your agreements prior to signing, can be, and usually is, exponentially more expensive should a conflict arise (and they often do).

Read 1 attorney answer>

Real Estate

Commercial Lease

Texas

Asked on May 12, 2021

What is a triple net lease?

I want to understand these better.

George O.

Answered May 12, 2021

A triple net lease designates the tenant (lessee) as having the sole responsibility for any and all costs associated to the asset being leased in the agreement, with those costs being the net real estate taxes on the leased asset, net building insurance, and net common area maintenance. The lease received its name from the three “net” fees and may also be called a Net-Net-Net Lease.

Read 1 attorney answer>

Commercial Real Estate

Commercial Lease

Massachusetts

Asked on Apr 24, 2023

Can the tenant sublease the property to another business?

I am a business owner and I am looking to rent a commercial space for my business. I am considering signing a commercial lease with the landlord, but I am concerned about my ability to sublease the property to another business. I am trying to determine whether this is an option that is available to me and what the implications would be.

Joseph M.

Answered May 12, 2023

In Massachusetts, a commercial tenant can sublet or even fully assign the unit to a third party - UNLESS there is a specific prohibition in the current lease. However, even if there is such a prohibition, it might still be worth speaking to the landlord about since it might be mutually beneficial.

Read 1 attorney answer>

Real Estate

Commercial Lease

Ohio

Asked on Apr 20, 2023

How is the lease renewed at the end of the lease term?

I am a small business owner who recently signed a three-year commercial lease for my business. I am looking to understand the process of renewing the lease at the end of the three-year term. I am interested in learning more about the process, the timeline, and what I need to do to ensure that I can continue to operate my business at this location.

Paul S.

Answered Apr 21, 2023

If your lease has a renewal option, then you renew by following that process, which involves giving notice during the specified time frame. If you did not include a renewal option in your lease, then you'll need to contact the landlord 6-12 months before the end of the term, and inform the landlord that you want to renew the lease. Then you'll have to negotiate the terms with the landlord.

Read 1 attorney answer>

Real Estate

Commercial Lease

California

Asked on Apr 21, 2023

What's the property description in a commercial lease?

I am a small business owner who is looking to lease a property for my business. I am currently reviewing a commercial lease and am trying to understand what is included in the property description in the lease. I am hoping to gain more clarity on what the property description entails and how it affects my business.

Gagandeep K.

Answered May 24, 2023

A property description in a commercial lease has to sufficiently identify the extent and boundaries of the property being leased. For example, it can be described by a map reference or by metes and bounds, or include a description such as "that certain building on the south-westerly corner of California and Larkin Streets." The commercial lease will include defined terms such as "Building," "Property," and "Premises". The defined terms define/describe the "Property" on which the "Building" is located which has the "Premises"/"Space" that is being leased. A sample definition of is Property Description in a Commercial Lease: ""Property" means the real property on which the Building is located together with the Building and all appurtenant fixtures and personal property of Landlord used in the operation of the Building and/or the Property, and any other improvements now existing or hereafter constructed thereon[, including the parking lot, walkways, and landscaped ground as depicted on the site plan attached hereto as Exhibit [LETTER]]."

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