Print a Commercial Lease Agreement and Everything You Need To Know
Important Information About Using A Commercial Lease Agreement.
Commercial Leasing is where a business owner rents a property for the purpose of running a business. The property has to be suitable for the business and likewise the business has to be suitable for the property.
The Importance Of Using A Commercial Lease.
- Legally binding contract which sets out the terms of conditions of the lease.
- States exactly what obligations the lessor and lessee have to each other.
- Sets out the terms of payment and the time frame of the lease.
- Confirms exactly what the property may or may not be used for.
- Helps avoid costly legal fees in the event that problems occur with either party.
- Recognized within the claims courts as an upstanding piece of legislation.
- Protects both lessor and lessee’s rights.
Whatever the business and whatever the type of property, a commercial lease agreement is an important necessity. Taking on a commercial lease is an extremely big commitment and not as simple or as straight forward as renting a property to live in.
With commercial property there many clauses and obligations that the Lessor and Lessee have to each other, such as insurances, stock on premises, entrance and exits, security and other extensive issues that could prove costly and time consuming if a problem should occur. This where a lease contract is imperative.
Commercial Lease Agreement
Regular Price – $19.99
Discount Price – $14.99
You save $5.00! (25%)
A Commercial Lease is a legally binding contract which sets out the terms and conditions of the lease between the Lessor and Lessee. It is a professional document which is legally recognized and complies with all aspects of commercial leasing law.
Businesses and commercial landlords should acquaint themselves with all sections of a contract before they sign and commit themselves to any long standing agreement.
The Details And Information Usually Included Within A Commercial Lease
- With whom the lease is.
- The length of the lease.
- The type of property being leased.
- Responsibilities of Lessee.
- Responsibilities of Lessor.
- Schedule of Payment.
- Incidental Charges.
- Insurance details.
- Default details.
- Public Liability Clauses.
- Use of Property Clauses and Regulations.
Our Lease Agreements Offer Protection Of Your Rights.
The Benefits Of Printing Your Own Commercial Lease
- Cost saving document.
- Beneficial to both Lessor and Lessee.
- Legally recognized document.
- Lessor and Lessee have time to consider contents of lease before signing.
- Unlimited Copies Available.
- Available to print Now!
- Available in both Microsoft Word and PDF formats.
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What Happens If The Lease Does Not Meet Your Expectations?
The lease comes with a money back guarantee and your money will be refunded should you not be entirely satisfied.
Here’s How To Purchase A Commercial Lease Agreement Now!
The process is quick and simple.
To purchase your agreement, click the “Order Now” button. Immediately you will be directed to the secure order page on the website. All major credit cards, visa debit cards and pay pal are accepted.
Once you have paid you a link to the forms will appear on your screen where you will have immediate access to your lease.
Commercial Lease Agreement
Regular Price – $19.99
Discount Price – $14.99
You save $5.00! (25%)
What does a commercial lease agreement entail?
Commercial leasing has been in practice for a long time and is now gaining popularity. It saves a person the hassle and expense of buying and owning property, transferring all that responsibility to the owner. A commercial lease refers to the process of passing over the ownership rights of a property for a specified period.
What is a commercial lease agreement?
A commercial lease is a formal contract between a property owner and a person intending to use the property for commercial purposes. It involves the former party passing the ownership rights of the property to the latter for an agreed fee and specified period. A commercial lease agreement is different from the residential lease agreement in the following ways:
Protected by Law. Unlike the residential contract whose clause protects the residential tenant in several ways, the commercial lease agreement does not have provisions to protect the tenant. Whether the security deposit is paid or not depends on the landowner. The tenant’s privacy can also be interfered with by the landlord since the law is not clear on this issue.
Long Term Deals. A commercial lease is a long term deal whose termination takes a lot of time and scrutiny. If the tenant has to vacate the premises, they are required to forfeit the deposit, which in most cases covers months of rent. The landlord might also opt to sue the tenant if they terminate the contract prematurely.
Allows For Negotiation. Since this is a long term agreement, the landlord is supposed to be flexible enough to allow the tenant to modify the premises specifically for their business operations. The tenant should also negotiate to have the rent reduced, should they feel they cannot meet high rent obligations.
How long are commercial leases?
The length of commercial lease varies from one person to another. Before signing an agreement, the tenant should have adequate information on how long the contract will be in practice and whether there is an option for renewal.
Most commercial leases require that the tenant stays in the premises for more than 12 months. However, if the tenant requires value addition to the premises, they may have to sign for a longer term. Other factors which determine the length of a commercial lease include:
Business Situation. A stable business can sign a long term contract since it will be assured of breaking even within the short term. A startup, on the other hand, should opt for a short lease with an option for an extension if business improves.
Location. A tenant should check if the area in which they are doing business brings in many customers. If the company is in a secluded place, the tenant should sign a short term contract until the market picks up.
If the business is in an area with significant traffic, the company is likely to get more customers, and the tenant should, therefore, sign an extended contract.
Rent. The amount of rent payable affects profits. If the rent is high, the tenant should sign a shorter contract and look for a more affordable place in the long run. If they don’t do so, they may be stuck with high rents that they will be unable to service.
Concessions. If the landlord is willing to give you allowances such as rent discounts and adjust the structures to accommodate your business, then a tenant is more likely to sign a long term agreement.
How do commercial leases work?
There is no standard measure of how the commercial lease operates on the part of the landlord.
In most cases, it all depends on the tenant’s requirements. Here are some important aspects to observe:
- Budget. The tenant should go for the lowest rent budget possible.
- Size. Small scale business people require a small space, which should be directly proportional to the rent payable.
- Accessible. The tenant should go for an easily accessible place to attract traffic to their business.
- Target Clients. Rent out in an area near your prospective clients.
- Getting A Commercial Real Estate Broker. The tenant should take the parameters to a reputable real estate tenant broker. The broker will undertake to look for any available space and negotiate with the landlord on behalf of the tenant.
- Understanding Commercial Leases. The tenant should understand all the clauses and terms used in the lease. If they don’t understand the terms used, they can involve a reputable broker to help them. Failure to do this can result in legal troubles down the line.
- Identify The Ideal Commercial Property. Some of the things covered under this category include, location, landlord’s history, and amenities around the area etc…
- Negotiable Lease Terms. If the landlord agrees to adjust the terms of engagement, the better. Flexible landlords are always better to deal with in the long run.
What Is The Landlord Responsible For In A Commercial Lease?
The landlord is responsible for the following obligations in a commercial lease.
They should be fully aware of their tenant’s business. If the tenant engages in criminal activities, the landlord is held responsible for hosting an offender. It is the responsibility of the landlord to ensure that the premises are up to the recommended standards.
If the tenant operates in the food industry, the landlord should ensure that there are adequate air aeration, waste disposal, and pest control measures are in place.
The landlord should also ensure that the rates are up to date before the tenant signs the lease. This action reduces misunderstandings with the tenant down the line. If the prices are negotiable, the landlord should formally put the amendments in the lease contract by updating the records.
The landlord is responsible for insuring the building. If the tenant has to contribute to the insurance, the landlord should indicate that in the lease contract. It is the responsibility of the landlord to ensure that they have a secured covering at least three months of the lease agreement.
The landlord is required by the law to set out terms and conditions governing the lease agreement. This process legalizes any action they might take against a tenant in case the latter breaches the contract. The landlord should carry out regular checks on the tenant’s premises and ensure that all safety measures are in place. This action includes the installation of firefighting equipment.
How is a commercial lease calculated?
Commercial tenants struggle to understand how landlords come up with a certain rent amount. Even though the rent payable varies from one property to another, there are standard formulas that landlords use to calculate the amount payable by the tenants. These include:
Percentage Lease. In this case, the landlord sets a base rent from which the tenant can pay, plus a certain percentage of their revenues. There are two approaches to this formula:
Minimum Base Rent+ Percentage Of All Gross Receipts Illustration: If the base rent is $1,000 and 5% is used, it means that if the business receives $10,000, it will pay $(1,000+ 5%and; 10,000) = $10,500 that month.
Minimum Base Rent+ Percentage Over A Certain Base Amount. Illustration: If base rent is $1,000 and 5% charged over all receipts above $3000, and the business receives $5000, it will pay: $1,000+ 5 %and (5000-3000) = $1,100 If the business does not make sales above $300, it will pay the minimum base rent, $1,000.
Rent Per Square Foot. The landlord sets a fixed rent for every square foot occupied by the tenant. If the landlord charges $10 annually per square foot, and the tenant occupies 1000 square feet, they will be required to pay an annual rent of $10,000. Every month the tenant will pay $10,000/12= $833.
How Do You Attract Commercial Tenants?
Getting commercial tenants can be challenging because every business can have very specific operating requirements. Also location plays a big part, especially if a premises is in a remote or inaccessible area. However, there are several strategies which the landlord can use to attract tenants. They include:
Have Ample Parking. Some commercial tenants target high-end clients who drive. If the landlord provides ample, spacious, and secure parking, clients are likely to get attracted to the premises. If the tenants own cars, they will also need sufficient space where they can securely park their vehicles.
Network. Networking is a very productive strategy that the landlords can use to attract tenants. The landlord can network with agents so that they can refer potential tenants to them. Other parties that the landlord can network with include property values, and real estate industry specialists. The network helps not only new entrants, but also other people in the industry.
Make The Area Accessible. Tenants prefer to rent out space in an easily accessible area. If the area is remote, they can develop roads to the premises and also develop lighting systems to assure the tenants and clients safety.
Have A Consistent Water Supply. Businesses such as the hotel industry require a constant water supply. The tenant can provide this by drilling a borehole or having water tanks to serve the tenants in case the main water supply is cut off. The water should not only be plentiful, but also treated for maximum health benefits.
Have An Alternative Source Of Energy. The landlord should invest in alternative sources of energy, such as generators and wind energy. If the primary energy supply malfunctions, the tenant’s business will not be affected in any way. Prospective tenants will choose such a premises if consistent power is crucial to their business, even if they are located in remote places.
What Should Be Included In A Commercial Lease?
The following things must be captured in a typical commercial lease agreement:
- Deposit Amount. The deposit payable by the tenant should be clearly stated, and whether it is refundable in case, the contract is terminated.
- Period Of The Rental Agreement. The final day in which the tenant should occupy the premises should be stated in the contract. It should also state the day when the deal came into force.
- Terms And Conditions. The lease should address critical issues that govern the contract. These include subleasing, cost of repairing and improving the premises and the conditions under which the agreement can be terminated.
- Rent Payable. The lease should address the rent owed and whether the landlord has the right to raise or lower the rent without consulting the tenant.
- Termination Of Contract. Situations such as forceful eviction, court intervention, and early termination should be addressed a commercial lease agreement.
- Dispute Resolution. Since disputes are likely to occur from time to time, the agreement should address the channels that the landlord might use to resolve them. Modifications in some instances, modification of the premises is required. The lease agreement should state who will be responsible for the costs incurred to modify the place.
- Specifications For Signage. The contract should address whether the landlord allows the tenant to put signs outside and inside their premises.
- Names And Signatures. The lease agreement should include the signatures of the landlord and the tenant.
What are the different types of commercial leases?
There are different types of commercial leases that a landlord and tenant can sign. They include:
Absolute Leases. An absolute lease requires that the tenant bears all the costs of the rented space. The tenant is required to cover the rent, maintenance and repair, electricity, and water, among other expenses. However, tenants with a good reputation are allowed to bear these expenses. The advantage of an absolute lease is that the tenant ends up paying less amount than they would if the landlord paid for the costs.
Net Lease. Net lease is where the tenant is allowed to cater for partial expenses in the contract. For example, the landlord might opt to cover the cost of insurance and water, leaving the tenant to provide for the rent, taxes, and electricity bills.
Modified Gross Lease. In this case, the tenant is required to pay the base rent for the first year. After the lapse of this period, it becomes the tenant’s responsibility to the foot all bills according to the space that they occupy. If the tenant occupies 30% of the building, he/she will pay for 30% of all the expenses incurred in that building.
Gross Lease. In this type of lease, the landlord should cover all expenses incurred on the premises. This lease means the rent payable by the tenant covers for all other costs such as electricity bills, taxes, water, and insurance. As a result, the rent payable is higher than the different types of leases.
Triple Net Lease. Unlike a gross lease where the landlord covers all the expenses, in triple net, the tenant bears all the costs incurred in the day to day operations of the business besides the pay base rent.
Commercial leases can be complicated. They protect both the landlord and the tenant, making clear the terms under which a commercial premise is rented out. A commercial lease is usually long term, no less than 12 months. This type of agreement allows both the tenant and landlord to gauge whether their arrangement is working. If it isn’t, there is always room to negotiate and amend the terms of the original lease.
Important information about commercial lease contracts.
Let us say your business has picked up, and you can no longer operate at home and you now need an office. After choosing a site, your next big step is to review the commercial lease agreement. Ensure that the important terms discussed in this article are in that agreement.
A commercial lease usually lasts 3 to 5 years. But you can negotiate for a shorter term. In fact, a shorter term is good for anyone just starting out with their business. It allows you to test the grounds so to speak, both in terms of your business as well as the relationship you have with your landlord.
Another important provision in a commercial lease contract is the actual measurement of the leased space. In highly commercialized areas, every square feet counts. Whether you are the owner or the renter, it is important that the measurements are accurate.
Then of course, there is the rental amount. Needless to say, the rental amount should be economically viable both for the owner and the renter. Most owners however start with a price higher than they actually expect to get. That is why a renter should at all times consider negotiating a lower price.
Take time to consider information for other terms you may want to incorporate. To save you time and money simply download and print yourself a professional lease now!
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Could you manage to draft commercial lease agreement forms on your own?
You may have your terms thought of, your rental amount, security deposit, the restriction of use, default payment penalties and other terms, but it can be difficult to turn them into a professional looking and accurate legal document.
Not only will you have to worry about producing a professional looking form, your more important concern is that your terms must conform to existing rental laws that may be specific to the state where you are operating. The words will have to be precise so as not to create areas of controversies from vaguely worded sentences.
You will be assured of a professionally written form if you hire a lawyer to draft the form for you. However, this could be very expensive and may take a up to a few weeks to get the document in your hands..
The other way is to purchase and print your own contract from online. You will get the same professionally written document, well researched by a team of legal experts.
This method has been used by a growing number of landlords and tenants. One advantage is that it is fast, it practically takes less than 30 seconds to purchase and print.
Another important advantage is the low cost. It usually costs fewer than 20 dollars, which is definitely more affordable than the hundreds of dollars you could pay for attorney services
More information about our lease documents…
A business establishment will always look closely on any commercial lease agreement template before it decides to finally rent out a space. Most companies would actually rely on the review of their legal department done on the lease document. This is understandable because a business cannot afford to lose time and money on a defective contract.
So how can a landlord or tenant come up to the expectation of writing a perfect commercial lease The answer depends. If he will be writing it himself, most likely he will not meet the expectation of a corporate or business client. There are just things that are better off left to the professionals and drafting a commercial lease template would be one of them.
Yet, a landlord has to come up and decide his own terms, terms that will actually make the rental agreement profitable and worth his time of course. These terms include the rental amount, the duration of the lease, the guidelines of use, security deposit, eviction process and many others. A professional, such as an attorney can help draft the terms and come up with the written legal document, but this can take much time and money.
Nowadays, the most affordable and fastest way to get this legal document professionally done would be to purchase and print online a professional commercial lease agreement template.
More information about our printable leases.
A commercial property lease is usually longer than a residential lease. This is why it becomes more important to have the terms properly set in the beginning.
A landlord will not have the time to change it in shorter than one year. While this is the concern of the landlord, we can also understand that the prospective renter will want the terms perfectly set for the lengthier contract.
A commercial lease will of course carry similar provisions to a residential lease.
It will naturally specify the amount of rent, the due date, the description of the property being rented, the restriction of use, and many others. A business tenant will most likely scrutinize every other provision to ensure that every dollar they spend on rent is actually worth it.
So how can a landlord come up with a good lease contract? How does he make sure he has all the pertinent provisions set in the document? Will he spend much on attorney fees for the drafting of lease document?
So far, the best and most convenient and inexpensive way to acquire a commercial property lease agreement form is to purchase, download and print them from online. Printing the professionally written lease below will save any landlord or tenant time and money. The document contains all the pertinent provisions relevant that you would expect in a commercial lease contract.
DIY commercial real estate lease agreement.
If a contract is needed for a house that is being rented out, how much more for a commercial real estate. While a landlord will typically worry about pets in a house and how he needs to stipulate this in the contract, the commercial property landlord is usually concerned about limiting the scope of physical modifications.
While the earnings are higher, the investments are proportionally bigger of course. And it’s not just the physical investments; it is also about a lot of preparation. First, among these would be to come up with a well written commercial real estate lease agreement.
To the new landlord, even the thought of writing a legal document can be daunting. So how do landlords do it? How do they ensure that they have written all there is to be written about the lease transaction? How do they even start?
I will let you in on a secret. They don’t. They don’t write a single line of a lease contract. While landlords have the idea of what they want, the process of getting a commercial lease is simple. If you’re reading this and you are a landlord, this is your lucky day. The big secret is: a lease can be downloaded online and then printed all in less than 30 seconds!
What is the most convenient way to get a lease?
Since a commercial agreement is a type of lease that caters to business establishments it is typically a longer contract than an ordinary residential lease. The point perhaps is for both parties to be spared of the lengthy process of renewing a lease or looking for a new space or tenant.
A shorter lease agreement commercial may be good for new companies. It will also allow new landlords to try out the business and learn as much as they can during the shorter term.
Among the first things a landlord has to think of when preparing a lease contract are the rental amount, the security deposit amount, the guidelines of property use and possible collateral in case of defaulted or late payments. It will not be easy especially to a new landlord.
A landlord can hire a lawyer to draft a legal contract, yet this method can be costly and may take much time. Another method used by most landlords is to purchase, download and print a lease from online. These forms are well written and well researched. It costs much less than a lawyer drafted form and the checkout process can be done in a matter of seconds.
Can you view a sample commercial lease agreement form?
Yes, below please view not only some of the provisions, but our entire printable commercial lease document.
Term, Rental, Use, Sublease and Assignment, Repairs, Alterations and Improvements, Property Taxes, Insurance, Utilities, Signs, Entry, Parking, Building Rules, Damage and Destruction, Default, Quiet Possession, Condemnation, Subordination, Security Deposit, Notice, Brokers, Waiver, Memorandum of Lease, Headings, Successors, Consent, Performance, Compliance with Law, Final Agreement, additional terms, and governing law etc…
A property owner is expected to be very thorough with preparing lease forms. This is because unlike an ordinary person on a residential lease, a commercial tenant will make doubly sure that every dollar of his rent will be well worth it.
So what makes for a good commercial lease agreement form and how can a property owner get these forms? Let us discuss briefly. A commercial lease term typically runs for 3 to 5 years. Any term shorter may be difficult to sell because you would not want a business to be transferring every so often.
There will be more terms to be considered depending on the type of business and the type of premises. The point is to come up with a fair and thorough, professionally written contract.
Small wonder a property owner can easily be overwhelmed with the task of coming up with the document.
Is there an easier way? Of course there is. More and more commercial property owners now rely on DIY lease contracts that they can purchase, download and print from online in a matter of seconds.
These forms are very well written and cost much less than having to pay a lawyer to draft them. If you like the sample commercial lease purchase and print the entire document below easily now!
A commercial lease contract usually lasts for three to five years.
A landlord will not have the luxury of changing the terms more often than he can in a shorter contract like a residential lease. The aim should be to protect his business interest for the whole duration of this lengthier contract. The standard commercial lease however, does still carry similar provisions as a residential lease.
There is still the amount of monthly rental specified, the due dates, the penalty clause, the restrictions of use and others. Since the tenant is a business, the landlord can expect the tenant to be very particular with how the terms can also benefit them.
A prospect business tenant can easily be lost because of an inadequate contract.
So how does a property owner ensure that he has with him the most professionally written lease contract? How does he ensure that he has covered his bases and protected his business interest while maintaining his competitiveness?
The answer is obtaining a standard commercial lease agreement form. The quickest and easiest way to get a professional standard is by purchasing and printing them from online. It provides a much more convenient and inexpensive way of acquiring lease forms rather than hiring the services of a lawyer.
Easily get and print yourself Commercial Lease Forms in less than 30 seconds below Now!
The legal information on this page is not a substitute for professional legal advice, read the disclaimer. This page does not create an attorney-client relationship, nor is it a solicitation to offer legal advice.