Sample Commercial Lease Agreement
Landlord leases to Tenant the commercial premises described above. The lease term is twelve (12) months beginning on the Start Date above and ending on the End Date above, unless earlier terminated in accordance with this Agreement.
| Monthly Rent | $___________ |
| Security Deposit / Down Payment | $___________ |
| First Month's Rent | $___________ |
| Last Month's Rent | $___________ |
| Total Due at Signing | $___________ |
| Rent Due Date | 1st day of each month |
| Late Fee | $50.00 after a 5-day grace period |
The premises shall be used only for lawful commercial business purposes. Tenant shall not create nuisance, excessive noise, hazardous conditions, or unlawful activity on or about the premises.
- Commercial general liability insurance of at least $1,000,000 per occurrence and $2,000,000 aggregate, if applicable to Tenant's business.
- Landlord shall be named as additional insured on liability coverage.
- Tenant shall maintain insurance for Tenant's furniture, equipment, inventory, and personal property.
- Workers' compensation coverage shall be maintained when required by law.
Tenant accepts the premises in its current condition, ordinary wear excepted. Landlord is not liable for loss, theft, damage to Tenant property, or interruption of services, except to the extent caused by Landlord's gross negligence or willful misconduct. Tenant is responsible for damage caused by Tenant, its employees, guests, or contractors and agrees to indemnify Landlord from claims arising from Tenant's use of the premises.
Failure to pay rent when due or violation of a material term of this lease shall constitute default and may result in termination after any notice and cure period required by law.
Any dispute arising from or related to this lease shall be resolved by binding arbitration in the jurisdiction where the property is located, under the rules of the American Arbitration Association. Each party shall bear its own attorneys' fees and costs unless the arbitrator determines otherwise.
No subleasing or assignment is permitted without Landlord's written consent. This lease contains the entire agreement between the parties and may be modified only in writing signed by both parties.
Example only for discussion and promotional purposes. Have a licensed attorney review before use. Seven Gen LLC is a property management company, not a law firm.