The commercial lease agreement allows a landlord to rent space to a tenant for monthly rent ($). It can be formatted as a Gross, Modified Gross, or Triple Net (NNN). Type of Commercial Space Type of Commercial Space GarageHospitalityIndustrialOfficeRetailWarehouseStorageOther The Property can be described as Type of Lease Gross - Landlord pays for property expenses.Modified Gross - Landlord and Tenant share property expenses.Triple Net (NNN) - Tenant pays for property expenses. Property Expenses are considered Real Estate Taxes, Property Insurance, and Common Area Maintenance (CAM's) Square Feet (SF) Do you know the Square Footage (SF) of the Property? Do you know the Square Footage (SF) of the Property? YesNo This is calculated by measuring and multiplying the Length and Width of the Property Square Feet (SF) Floor Plan Will a Floor Plan be attached to this Lease? Will a Floor Plan be attached to this Lease? YesNo A Floor Plan outlines the dimensions of the space. Property Address Property Address Street Address Address Line 2 City Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming State ZIP Code Tax Map, Lot, Block Do you know the Tax Map, Lot, or Block Numbers of the Property? Do you know the Tax Map, Lot, or Block Numbers of the Property? YesNo Recommended but not required. This can be found at your local Town/City/County Assessor's Office. Map Lot Block Deed Book and Page Numbers Do you know the Deed Book and Page Numbers to the Property? Do you know the Deed Book and Page Numbers to the Property? YesNo This can be found at the local Registry of Deeds, and depending on the property's location, at the Assessor's Office Book Page Additional Description Are there any Additional Details about the Property that should be included in the Lease? Are there any Additional Details about the Property that should be included in the Lease? YesNo For Example, "Office Suite 1A" Additional Description of the Property The Landlord The Landlord is the owner or manager of the Property. Is the Landlord a Business Entity or Individual? Is the Landlord a Business Entity or Individual? Business EntityIndividual(s) How Many Individuals? Select12345678910 Individual(s) Names (Landlord) Landlord's Name First Last 2nd Landlord's Name First Last 3rd Landlord's Name First Last 4th Landlord's Name First Last 5th Landlord's Name First Last 6th Landlord's Name First Last 7th Landlord's Name First Last 8th Landlord's Name First Last 9th Landlord's Name First Last 10th Landlord's Name First Last Business Entity (Landlord) Name of the Business Entity Who is the Person Signing on Behalf of the Business Entity? First Last Title Landlord's Mailing Address Landlord's Mailing Address Street Address Address Line 2 City Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming State ZIP Code The Tenant Is the Tenant a Business Entity or Individual? Is the Tenant a Business Entity or Individual? Business EntityIndividual(s) A Tenant is someone who pays rent for using the space. How Many Individuals? Select12345678910 Individual(s) Name(s) (Tenant) Tenant's Name First Last 2nd Tenant's Name First Last 3rd Tenant's Name First Last 4th Tenant's Name First Last 5th Tenant's Name First Last 6th Tenant's Name First Last 7th Tenant's Name First Last 8th Tenant's Name First Last 9th Tenant's Name First Last 10th Tenant's Name First Last Business Entity (Tenant) Business Entity's Name Who is the Person Signing on behalf of the Business Entity? First Last Title Tenant's Mailing Address Where will the Tenant accept Notices? Where will the Tenant accept Notices? At the Property's AddressAt Another Address This means that if the Landlord is to send a Notice it will be sent to the Property being rented or another Address. Tenant's Mailing Address Street Address Address Line 2 City Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming State ZIP Code Business Restrictions The Tenant may use the Property for The Tenant may use the Property for Any Legal UseOnly Specific Uses The Tenant may use the Property for _______________________ Use the default unless there are specific restrictions on the Property Exclusive Use Clause Will the Tenant have an 'Exclusive Use' clause in this Lease? Will the Tenant have an 'Exclusive Use' clause in this Lease? YesNo This prevents the Landlord to rent other space on the same Property to another Tenant with the SAME BUSINESS as the Tenant.For Example, If the Tenant is running a pharmacy they could ask for a provision to prohibit the Landlord from renting to someone else that would sell prescription drugs. Describe the Exclusive When Will Rent be Paid? Rent shall be Paid per Rent shall be Paid per WeekMonthQuarter6-MonthsYearOther When will Payment be Due? When will Payment be Due? MondayTuesdayWednesdayThursdayFridaySaturdaySunday When will Payment be Due? 1st2nd3rd4th5th6th7th8th9th10th11th12th13th14th15th16th17th18th19th20th21st22nd23rd24th25th26th27th28th29th30th Rent shall be Paid by the Tenant on a per _____________________ basis Rent Amount Lease Start Date Lease End Date Will the Rent Amount be the SAME for the entire Lease? Will the Rent Amount be the SAME for the entire Lease? YesNo For Example - Select "No" if the Lease is for 3 years with the rent being different every year Rent Amount $ This is the amount due per Payment Interval. So if you selected per Month this will be the payment due every month Rent Amount - 1st Period $ This is also the amount due per Payment Interval. So if you selected Monthly this will be the payment due every month Start Date - 1st Period End Date - 1st Period Add another Payment Period? Add another Payment Period? YesNo Rent Amount - 2nd Period $ Start Date - 2nd Period End Date - 2nd Period Add another Payment Period? Add another Payment Period? YesNo Rent Amount - 3rd Period $ Start Date - 3rd Period End Date - 3rd Period Add Another Payment Period? Add Another Payment Period? YesNo Rent Amount - 4th Period $ Start Date - 4th Period End Date - 4th Period Add Another Payment Period? Add Another Payment Period? YesNo Rent Amount - 5th Period $ Start Date - 5th Period End Date - 5th Period Add Another Payment Period? Add Another Payment Period? YesNo Rent Amount - 6th Period $ Start Date - 6th Period End Date - 6th Period Add Another Payment Period? Add Another Payment Period? YesNo Rent Amount - 7th Period $ Start Date - 7th Period End Date - 7th Period Add Another Payment Period? Add Another Payment Period? YesNo Rent Amount - 8th Period $ Start Date - 8th Period End Date - 8th Period Add Another Payment Period? Add Another Payment Period? YesNo Rent Amount - 9th Period $ Start Date - 9th Period End Date - 9th Period Add Another Payment Period? Add Another Payment Period? YesNo Rent Amount - 10th Period $ Start Date - 10th Period End Date - 10th Period Add Another Payment Period? Add Another Payment Period? YesNo Rent Amount - 11th Period $ Start Date - 11th Period End Date - 11th Period Add Another Payment Period? Add Another Payment Period? YesNo Rent Amount - 12th Period $ Start Date - 12th Period End Date - 12th Period Add Another Payment Period? Add Another Payment Period? YesNo Rent Amount - 13th Period $ Start Date - 13th Period End Date - 13th Period Add Another Payment Period? Add Another Payment Period? YesNo Rent Amount - 14th Period $ Start Date - 14th Period End Date - 14th Period Add Another Payment Period? Add Another Payment Period? YesNo Rent Amount - 15th Period $ Start Date - 15th Period End Date - 15th Period Add Another Period? Add Another Period? YesNo Rent Amount - 16th Period $ Start Date - 16th Period End Date - 16th Period Add Another Period? Add Another Period? YesNo Rent Amount - 17th Period $ Start Date - 17th Period End Date - 17th Period Add Another Period? Add Another Period? YesNo Rent Amount - 18th Period $ Start Date - 18th Period End Date - 18th Period Add Another Payment? Add Another Payment? YesNo Rent Amount - 19th Period $ Start Date - 19th Period End Date - 19th Period Add Another Payment? Add Another Payment? YesNo Rent Amount - 20th Period $ Start Date - 20th Period End Date - 20th Period Percentage (%) Rent Will there be Percentage (%) Rent? Will there be Percentage (%) Rent? YesNo In addition to the Rent Amount, this is a percentage (%) of the Tenant's Gross Sales What will the Percentage (%) Rent be based on? What will the Percentage (%) Rent be based on? All Gross SalesGross Sales ABOVE a Specific Amount ($)Gross Sales BELOW a Specific Amount ($)Other Percent (%) of Gross Sales % Percent (%) of Gross Sales % Percent (%) of Gross Sales % Gross Sales ($) Above $ Gross Sales ($) Below $ The Percentage (%) Rent will be based on: Where to Pay Rent How should Rent be paid to the Landlord? How should Rent be paid to the Landlord? Sent in the MailPaid via PayPalPaid via ACHOther Do you want to enter the Landlord's Banking Details? Do you want to enter the Landlord's Banking Details? YesNo Will the Rent be sent to the Landlord's Mailing Address? Will the Rent be sent to the Landlord's Mailing Address? YesNo Address the Tenant will send the Rent Payment Street Address Address Line 2 City Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming State ZIP Code Landlord's PayPal E-Mail Address Account Type Account Type CheckingSavings Account Holder's Name Account Number Routing Number Usually a nine (9) digit number that can be found by viewing the bottom of a check on the account Mailing Address associated to the Bank Account Street Address Address Line 2 City Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming State ZIP Code E-Mail Address (associated with the Bank account) Rent shall be paid __________________________ Write in lower-case Late Fee Will there be a Late Fee if the Rent is not paid on-time? Will there be a Late Fee if the Rent is not paid on-time? YesNo The Late Fee shall be charged to the Tenant after the 1st2nd3rd4th5th6th7th8th9th10th11th12th13th14th15th16th17th18th19th20th21st22nd23rd24th25th26th27th28th29th30thOtherDay rent is due Usually the Late Fee is billed after the 1st day rent is due but may be any day as agreed upon by the Landlord and Tenant How will the Late Fee be calculated? How will the Late Fee be calculated? Flat amount ($) charged ONCE per occurrenceFlat amount ($) charged DAILY until rent is paidPercentage (%) of the rent charged ONCE per occurrencePercentage (%) of the rent charged DAILY until rent is paid Late Fee Amount $/ Day Late Fee Amount $/ Occurrence Late Fee Percentage % per Occurrence The late fee will be calculated as a percentage of the monthly rent. For Example, if the rent is $1,000 per month and the late fee is 1% then the tenant would be charged $10. Late Fee Percentage % per Day The late fee will be calculated as a percentage of the monthly rent. For Example, if the rent is $1,000 per month and the late fee is 1% then the tenant would be charged $10. Returned Check Fee Fee for any Returned Checks $ A Returned Check Fee is paid by the Tenant if they attempt to pay rent with a check that is qualified as non-sufficient funds (NSF) by a financial institution. Tenant Default Within how many days will the Tenant have to pay the Rent before they become in Default? Days Tenant Default allows the Landlord the option to terminate the Lease. It is common for a Landlord to allow 15 to 30 days. Prorated Rent Will the Tenant be Moving-in to the Property before the Lease Start Date? Will the Tenant be Moving-in to the Property before the Lease Start Date? YesNo Prorated Rent is the calculation of rent by the number of days the Tenant moves into the Property early. Therefore, if the Tenant moves-in 5 days before the Lease begins then they will have to pay 5 days worth of rent. When will the Tenant be moving into the Property? Amount Due for the Prorated Period $ For Example, if the lease is $1,000 per month and the Tenant would like to move-in to the property 5 days before the lease begins, the Tenant will be required to pay $166.66 extra for those 5 days (it is $166.66 because if you divide the monthly rent of $1,000 by 30 days you will get the daily rental amount of $33.33. Multiply the daily rent of $33.33 by 5 days and you get $166.66). Option to Renew Will the Tenant have the Option to Renew this Lease? Will the Tenant have the Option to Renew this Lease? YesNo An option to renew allows the Tenant a choice of staying on the Property at the end of the Lease for a pre-determined Term and Rent Amount. How many Renewal Periods will there be? Select1234567891011121314151617181920Renewal Period(s) For Example, if the Landlord allows the Tenant the Option to Renew at the end of EVERY year for the next 5 years then the number "5" should be entered Start Date - 1st Renewal Period End Date - 1st Renewal Period Rent During 1st Renewal Period Rent During 1st Renewal Period Adjusted to CPIFixed Amount ($)To Be Negotiated at the Time of Renewal Rent Amount - 1st Renewal Period $ Start Date - 2nd Renewal Period End Date - 2nd Renewal Period Rent During 2nd Renewal Period Rent During 2nd Renewal Period Adjusted to CPIFixed Amount ($)To Be Negotiated at the Time of Renewal Rent Amount - 2nd Renewal Period $ Start Date - 3rd Renewal Period End Date - 3rd Renewal Period Rent During 3rd Renewal Period Rent During 3rd Renewal Period Adjusted to CPIFixed Amount ($)To Be Negotiated at the Time of Renewal Rent Amount - 3rd Renewal Period $ Start Date - 4th Renewal Period End Date - 4th Renewal Period Rent During 4th Renewal Period Rent During 4th Renewal Period Adjusted to CPIFixed Amount ($)To Be Negotiated at the Time of Renewal Rent Amount - 4th Renewal Period $ Start Date - 5th Renewal Period End Date - 5th Renewal Period Rent During 5th Renewal Period Rent During 5th Renewal Period Adjusted to CPIFixed Amount ($)To Be Negotiated at the Time of Renewal Rent Amount - 5th Renewal Period $ Start Date - 6th Renewal Period End Date - 6th Renewal Period Rent During 6th Renewal Period Rent During 6th Renewal Period Adjusted to CPIFixed Amount ($)To Be Negotiated at the Time of Renewal Rent Amount - 6th Renewal Period $ Start Date - 7th Renewal Period End Date - 7th Renewal Period Rent During 7th Renewal Period Rent During 7th Renewal Period Adjusted to CPIFixed Amount ($)To Be Negotiated at the Time of Renewal Rent Amount - 7th Renewal Period $ Start Date - 8th Renewal Period End Date - 8th Renewal Period Rent During 8th Renewal Period Rent During 8th Renewal Period Adjusted to CPIFixed Amount ($)To Be Negotiated at the Time of Renewal Rent Amount - 8th Renewal Period $ Start Date - 9th Renewal Period End Date - 9th Renewal Period Rent During 9th Renewal Period Rent During 9th Renewal Period Adjusted to CPIFixed Amount ($)To Be Negotiated at the Time of Renewal Rent Amount - 9th Renewal Period $ Start Date - 10th Renewal Period End Date - 10th Renewal Period Rent During 10th Renewal Period Rent During 10th Renewal Period Adjusted to CPIFixed Amount ($)To Be Negotiated at the Time of Renewal Rent Amount - 10th Renewal Period $ Start Date - 11th Renewal Period End Date - 11th Renewal Period Rent During 11th Renewal Period Rent During 11th Renewal Period Adjusted to CPIFixed Amount ($)To Be Negotiated at the Time of Renewal Rent Amount - 11th Renewal Period $ Start Date - 12th Renewal Period End Date - 12th Renewal Period Rent During 12th Renewal Period Rent During 12th Renewal Period Adjusted to CPIFixed Amount ($)To Be Negotiated at the Time of Renewal Rent Amount - 12th Renewal Period $ Start Date - 13th Renewal Period End Date - 13th Renewal Period Rent During 13th Renewal Period Rent During 13th Renewal Period Adjusted to CPIFixed Amount ($)To Be Negotiated at the Time of Renewal Rent Amount - 13th Renewal Period $ Start Date - 14th Renewal Period End Date - 14th Renewal Period Rent During 14th Renewal Period Rent During 14th Renewal Period Adjusted to CPIFixed Amount ($)To Be Negotiated at the Time of Renewal Rent Amount - 14th Renewal Period $ Start Date - 15th Renewal Period End Date - 15th Renewal Period Rent During 15th Renewal Period Rent During 15th Renewal Period Adjusted to CPIFixed Amount ($)To Be Negotiated at the Time of Renewal Rent Amount - 15th Renewal Period $ Start Date - 16th Renewal Period End Date - 16th Renewal Period Rent During 16th Renewal Period Rent During 16th Renewal Period Adjusted to CPIFixed Amount ($)To Be Negotiated at the Time of Renewal Rent Amount - 16th Renewal Period $ Start Date - 17th Renewal Period End Date - 17th Renewal Period Rent During 17th Renewal Period Rent During 17th Renewal Period Adjusted to CPIFixed Amount ($)To Be Negotiated at the Time of Renewal Rent Amount - 17th Renewal Period $ Start Date - 18th Renewal Period End Date - 18th Renewal Period Rent During 18th Renewal Period Rent During 18th Renewal Period Adjusted to CPIFixed Amount ($)To Be Negotiated at the Time of Renewal Rent Amount - 18th Renewal Period $ Start Date - 19th Renewal Period End Date - 19th Renewal Period Rent During 19th Renewal Period Rent During 19th Renewal Period Adjusted to CPIFixed Amount ($)To Be Negotiated at the Time of Renewal Rent Amount $ Start Date - 20th Renewal Period End Date - 20th Renewal Period Rent During 20th Renewal Period Rent During 20th Renewal Period Adjusted to CPIFixed Amount ($)To Be Negotiated at the Time of Renewal Rent Amount - 20th Renewal Period $ Utilities Are there any Utilities that will be paid by the Landlord? Are there any Utilities that will be paid by the Landlord? YesNo Such as internet, electricity, water/sewer, trash removal, etc. The Landlord shall be responsible for the following Utilities on the Premises: Liability Insurance Will the Tenant be required to have Liability Insurance? Will the Tenant be required to have Liability Insurance? YesNo Liability Insurance covers any case where the Tenant causes damage to the Property. Liability Coverage Amount $ Casualty Insurance Who will be responsible for the Casualty Insurance on the Property? Who will be responsible for the Casualty Insurance on the Property? LandlordTenant Casualty Insurance protects the Landlord from negligence on behalf of the Tenant. Security Deposit Will the Tenant be required to pay a Security Deposit? Will the Tenant be required to pay a Security Deposit? YesNo A Security Deposit is an amount paid by the Tenant at the beginning of the Lease and returned after the Lease has ended (as long as there is no damage to the Property) Security Deposit Amount $ Returning Security Deposit When will the Security Deposit be returned to the Tenant? Days after the Lease has ended The most common is 30 Days but may be any time period as agreed upon by the Landlord and Tenant Rent Pre-Payment Will the Tenant be required to Pre-Pay Rent? Will the Tenant be required to Pre-Pay Rent? YesNo This would be due when Signing this Lease. This DOES NOT include the 1st Month's Rent Enter Amount $ This is how much the Tenant will have to Pre-Pay at the Start of the Lease Furnishings Will there be any Furnishings provided by the Landlord? Will there be any Furnishings provided by the Landlord? YesNo Such as Desks, carpets, curtains, furniture, etc. The Landlord will provide the following furnishings: Parking Will Parking be provided to the Tenant? Will Parking be provided to the Tenant? YesNo Will the Parking Spaces be Shared or Dedicated to the Tenant? Will the Parking Spaces be Shared or Dedicated to the Tenant? Shared Between all the Tenants of the PropertyDedicated to the Tenant and their Customers ONLY Parking Location Is the Parking on the Property or located Off-Site? Is the Parking on the Property or located Off-Site? On the PropertyOff-Site Off-Site could mean a parking garage nearby The Parking Spaces are provided by the Landlord are located at _______________________ Number (#) of Parking Spaces Do you know how many Parking Spaces will be provided to the Tenant? Do you know how many Parking Spaces will be provided to the Tenant? YesNo How Many? Parking Spaces Numeric Parking Fee Will there be a Fee ($) charged to the Tenant for the Parking? Will there be a Fee ($) charged to the Tenant for the Parking? YesNo How will the Parking Fee be Paid? How will the Parking Fee be Paid? per Dayper Weekper Monthper Quarterper 6 Monthsper YearOther The Parking Fee shall be paid per ______________ The Parking Fee ($) is to be charged ______________ The Parking Fee ($) is to be charged ______________ per Parking Spacefor ALL the Parking Spaces Parking Fee $ Maintenance Who will be responsible for the Maintenance on the Property? Who will be responsible for the Maintenance on the Property? LandlordTenantBoth (Shared Responsibility) Maintenance is described as cleaning of the exterior of the building, cleaning of bathrooms, replacing lightbulbs, etc. Landlord Responsibilities Tenant Responsibilities Common Area Maintenance (CAM) Expenses Who will be responsible for the Common Area Maintenance (CAM's) expenses? Who will be responsible for the Common Area Maintenance (CAM's) expenses? LandlordTenantBoth (Shared Responsibility) Common Area Maintenance (CAM's) Expenses include parking area maintenance, snow removal, landscaping, trash removal, janitorial services, and security systems The Tenant will be responsible for the following (check all that apply) The Tenant will be responsible for the following (check all that apply) Parking Area MaintenanceSnow RemovalLandscapingTrash RemovalJanitorial Services (bathroom cleaning)Security SystemsOther The Lessor shall be responsible for remaining non-checked items. The Tenant shall be responsible for _______________________ Real Estate Taxes Who will be responsible for paying the Real Estate Taxes on the Property? Who will be responsible for paying the Real Estate Taxes on the Property? LandlordTenant If the Tenant is responsible for the Real Estate Taxes they will pay their portion calculated as a percent of the total amount Liability and Property Damage Insurance Who will be responsible for the Property Damage and Liability Insurance on the Property? Who will be responsible for the Property Damage and Liability Insurance on the Property? LandlordTenant Liability and Property Damage Insurance covers individuals who may injure themselves on the Property. For Example, if someone slips and falls on ice in the parking lot this insurance will cover any lawsuit brought to the Landlord or Tenant. What will be the Minimum Liability Amount provided by the Tenant? $ The most common is one million dollars ($1,000,000.00) provided for any Property Damage or Personal Injury to occur on the Property during the Lease. Leasehold Improvements Will the Landlord be responsible for any of the Leasehold Improvements? Will the Landlord be responsible for any of the Leasehold Improvements? YesNo Leasehold Improvement is a permanent fixture made to the interior or exterior space at the beginning of the lease. Examples include changes that are made to the ceilings, flooring and inner walls. The Landlord will be responsible for the following Leasehold Improvements: Sale of the Property If the Property is Sold, will the Landlord have the right to terminate this Lease Agreement? If the Property is Sold, will the Landlord have the right to terminate this Lease Agreement? YesNo Enter the Number of Days' Notice the Landlord must give the Tenant Days The most common is 180 Days as it can take some time for a commercial tenant to setup someplace else. Tenant Holdover What will happen if the Tenant remains on the Property AFTER the Lease has ended? What will happen if the Tenant remains on the Property AFTER the Lease has ended? The Lease will continue on a Month to Month basisThe Tenant will have to Pay a Penalty in addition to the Rent AmountThe Tenant will be in Default and their Security Deposit forfeitedOther Tenant Holdover is when the Tenant remains on the property after the Lease has ended. Holdover Penalty $ If the Tenant holdsover on the Property the Landlord shall __________________________ Fill-in the blank Subletting Will the Tenant be allowed to Sublet the Property? Will the Tenant be allowed to Sublet the Property? NoYes, but with Written Consent from the LandlordYes, with No Restrictions Subletting allows the Tenant to 'Re-Rent' the property to someone else. If Yes, the Tenant will be able to remain paying the Rent as stated in the Lease while someone else occupies the property and pays Rent to the Tenant. Pets Will Pets be allowed on the Premises? Will Pets be allowed on the Premises? Not unless the Pet is needed under the Americans with Disability ActYes, with Restrictions (e.g. "only dogs and cats")Yes, without Restrictions What are the Restrictions? Right of First Refusal A Right of First Refusal allows the Tenant to purchase the property if a 3rd party makes an offer and the Landlord accepts. Gives the Tenant the right to buy the Property under the same terms and conditions. Will the Tenant have a Right of First Refusal on the Property? Will the Tenant have a Right of First Refusal on the Property? YesNo For Example, if the Landlord is offered $500,000 with a $25,000 downpayment the Tenant will have the option to buy the property under the SAME terms and conditions. How many days will the Tenant have to Accept or Reject the offer to purchase? Days This is just the time period that the Tenant will have to decide on whether or not to purchase the property. The Tenant does not have to purchase the property in this time period. Option to Purchase An Option to Purchase allows the Tenant to buy the property during the term of the Lease at a pre-determined purchase price. Will the Tenant have an Option to Purchase the Property during the Lease? Will the Tenant have an Option to Purchase the Property during the Lease? YesNo Purchase Price $ Deposit $ Required to be paid by the Tenant upon activating their Option to Purchase the property. This deposit will ONLY be refundable to the Tenant if a Purchase and Sale Agreement is not agreed to and signed by both Landlord and Tenant. HVAC An HVAC system provides 3 central functions: heating, ventilation, and air conditioning. Provides thermal comfort and acceptable indoor air quality with reasonable installation and maintenance costs. Is there an HVAC system on the Property? Is there an HVAC system on the Property? YesNo Who will be financially responsible for the HVAC maintenance costs on the Property? Who will be financially responsible for the HVAC maintenance costs on the Property? LandlordTenant Common Areas Common Areas are areas of the Property that are shared by more than one (1) Tenant. Examples include hallways, shared bathrooms, shared entry-ways, etc. Are there Common Areas on the Property? Are there Common Areas on the Property? YesNo Who will be responsible for the Costs associated to the Common Areas? Who will be responsible for the Costs associated to the Common Areas? LandlordTenant Property Issues How much time will the Landlord have to cure any issues with the Property? Days Such as a repair, lien, or any issue that affects tenancy Americans with Disability Act Who will be responsible for the Property being in compliance with the Americans with Disability Act? Who will be responsible for the Property being in compliance with the Americans with Disability Act? LandlordTenant The Americans with Disability Act required that all "public properties" or Tenants with at least 15 employees to be built or modified within for handicap access after 1992. Per 42 U.S. Code § 12183. Disputes Mediation - The "Mediator" meets with the Landlord and Tenant and helps both parties to come to a solution. The Mediator does not make a decision for the parties.Arbitration - The "Arbitrator" meets with the Landlord and Tenant and makes a decision for both parties. The Arbitrator makes a decision for the parties that is legally binding.Litigation - This is the formal process of using the court system to solve the Dispute. What happens if the Landlord and Tenant get into a Dispute? What happens if the Landlord and Tenant get into a Dispute? Mediation then ArbitrationMediation then LitigationLitigation onlyOther Explain Explain what would happen if in the event of a dispute between the Landlord and Tenant Tenant Personal Guarantee A personal guarantee forces the Individual who owns the Business Entity to assume personal liability of the Lease. This means that if rent is not paid the Landlord will be able to sue the Tenant personally. Will the Tenant personally guarantee this Lease Agreement? Will the Tenant personally guarantee this Lease Agreement? YesNo For Example, if the Tenant is personally liable then all their assets and property such as a home, vehicles, or investments could be liquidated if the Tenant cannot pay the rent. This is common with newly established businesses Enter the Name(s) of the Individual(s) that will Guarantee this Lease Agreement? 3rd Party Personal Guarantee Will anyone, besides the Tenant, be Personally Guaranteeing this Lease? Will anyone, besides the Tenant, be Personally Guaranteeing this Lease? YesNo How many Individuals? How many Individuals? 12 Besides the Tenant, how many individuals will be Personally Guaranteeing this Lease? Name of Guarantor First Last Name of 2nd Guarantor First Last Additional Terms and Conditions All Additional Terms and Conditions that have not been mentioned yet should be listed here. Verbal agreements are not recognized in the court of law. Are there any Additional Terms or Conditions to this Lease? Are there any Additional Terms or Conditions to this Lease? YesNo List any Additional Terms and Conditions Notary Public Will this Lease be signed in the presence of a Notary Public? Will this Lease be signed in the presence of a Notary Public? Yes (recommended)No Lease Signature Date Date this Lease Agreement will be Signed? Governing Law This Lease Agreement shall be governed under the Laws in the State of Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming Next Save Save and finish later
