A commercial lease is an agreement between a business and a landlord for the use of
building space. This particular lease agreement is for the lease of premises that will be
used as a manufacturing center for the business. The form contains both standard
clauses and opportunities for the use of optional terms and conditions making it fully
customizable to fit the needs of the contracting parties. This document is ideal for
entities or individuals who want to enter into a lease agreement to manufacture goods
on the premises.
Commercial Lease Agreement
This Commercial Lease Agreement ("Lease") is made and effective as of
_______________________ [Instruction: Insert Date.], by and between
_______________________ [Instruction: Insert Landlordâ€™s name.] ("Landlord") and
_______________________ [Instruction: Insert Tenantâ€™s name.] ("Tenant").
Landlord is the legal owner of the land and improvements commonly known and numbered as:
[Instruction: Insert municipal address of building] and legally described as follows (the
[Instruction: Insert Legal Description of Building.]
Landlord makes available for lease a portion of the Building designated as
__________________________________________________ [Instruction: Insert suite
number or number of premises within building. If no number, briefly describe space to be
leased, including approximate square footage.] (the "Leased Premises").
Landlord desires to lease the Leased Premises to Tenant, and Tenant desires to lease the Leased
Premises from Landlord for the term, at the rental and upon the covenants, conditions and
provisions herein set forth.
THEREFORE, in consideration of the mutual promises herein, contained and other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, it is agreed:
A. Landlord hereby leases the Leased Premises to Tenant, and Tenant hereby leases the
same from Landlord, for an "Initial Term" beginning _______________________
[Instruction: Insert lease start date.] and ending _______________________
[Instruction: Insert lease end date.]. Landlord shall use its best efforts to give Tenant
possession as nearly as possible at the beginning of the Lease term. If Landlord is unable
to timely provide the Leased Premises, rent shall abate for the period of delay. Tenant
shall make no other claim against Landlord for any such delay, except that if such delay
shall extend beyond thirty (30) days, Tenant may, in its sole discretion, terminate this
Lease without further obligation. In such instance, Tenant must provide written notice to
Landlord within ten (10) days of the thirtieth day of such inability to provide possession
of the Leased Premises.
B. Tenant may renew the Lease for one extended term of _______________________
[Instruction: Insert applicable available renewal term]. Tenant shall exercise such
renewal option, if at all, by giving written notice to Landlord not less than ninety (90)
days prior to the expiration of the Initial Term. The renewal term shall be at the rental set
forth below and otherwise upon the same covenants, conditions and provisions as
provided in this Lease.
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A. Tenant shall pay to Landlord during the Initial Term rent in the amount of
_______________________ [Instruction: Insert annual rent.] per year, payable in
equal monthly installments of _______________________ [Instruction: Insert monthly
rental amount.] per month. Each installment payment shall be due in advance on the
first day of each calendar month during the lease term to Landlord at
[Instruction: Insert Landlord's designated payment address.] or at such other place
designated by written notice from Landlord to Tenant. The rental payment amount for
any partial calendar months included in the lease term shall be prorated on a daily basis.
[Comment: If Rent shall be paid in other than equal monthly amounts, or if any
portion of the rent shall be based on Tenantâ€™s profits, same should be described and
detailed here. Parties may wish to consider annexing a schedule of such rental
amounts.] Acceptable forms of payment of Rent to Landlord shall be by Tenantâ€™s good
check, subject to collection or official check issued by any bank, savings bank, trust
company or savings and loan association, unendorsed and payable to Landlord at the
address set forth herein.
In the event that any payment by Tenant is returned for insufficient funds ("NSF") or if
Tenant stops payment, Tenant will pay $35 to Landlord for each such check, plus late
fees as described herein until Lan