Commercial Lease Agreement

Contract--Real Estate--Commercial Lease Agreement

Triple net commercial lease.

This triple net (NNN) Commercial Lease Agreement template is designed for legal professionals and provides a comprehensive framework for leasing commercial property. It covers essential topics, ensuring clarity and legal protection for both landlords and tenants. Key topics addressed include:

1. Leased Premises Description – outlines the premises, square footage, and condition at lease commencement.
2. Lease Term – specifies the duration, commencement, and renewal options.
3. Rent and Payment Terms – details base rent, payment schedules, adjustments, and penalties for late payments.
4. Additional Rent – establishes tenant responsibility for real estate taxes, building insurance, and maintenance (NNN).
5. Use of Premises – defines permitted and prohibited uses of the leased space.
6. Alterations and Improvements – regulates changes made by tenants and restoration obligations.
7. Security Deposit – terms for deposit amounts, usage, and return conditions.
8. Default and Remedies – outlines landlord's remedies in the event of tenant default.
9. Termination – addresses early termination conditions and responsibilities.

This lease template ensures both parties have clear expectations regarding obligations and rights throughout the leasing term.

This is not legal advice, and is not intended for use by consumers. This template is offered to licensed AllDrafts users as a resource for lawyers who are responsible for adapting this draft to their client's specific needs and circumstances and ensuring compliance with applicable laws.