The Simple Commercial Lease Agreement is a fundamental document used throughout the United States for straightforward commercial property rentals. This agreement is particularly suitable when parties need a clear, uncomplicated lease structure without complex provisions often found in larger commercial developments. It covers essential elements such as rent payments, maintenance obligations, insurance requirements, and property use restrictions, while complying with relevant federal, state, and local regulations. The document is designed to protect both landlord and tenant interests while maintaining clarity and ease of understanding.
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1. Parties: Identification and details of the landlord and tenant
2. Background: Context of the lease arrangement and property description
3. Definitions: Key terms used throughout the agreement
4. Lease Term: Duration of the lease, commencement and termination dates
5. Rent and Payment Terms: Rental amount, payment schedule, and methods
6. Use of Premises: Permitted uses of the property
7. Maintenance and Repairs: Responsibilities for property upkeep
8. Insurance Requirements: Required insurance coverage and responsibilities
9. Utilities and Services: Responsibilities for utilities, services and associated costs
10. Default and Remedies: Consequences of breach and available remedies
11. Governing Law: Jurisdiction and applicable laws governing the agreement
1. Option to Renew: Terms for lease extension and renewal conditions
2. Subletting and Assignment: Rights and restrictions regarding subletting or assigning the lease
3. Improvements and Alterations: Terms and conditions for property modifications and improvements
4. Early Termination: Conditions and procedures for early lease termination
5. Building Access and Security: Specifications for access hours, security systems and procedures
6. Signage Rights: Terms regarding exterior and interior signage installation and maintenance
1. Schedule A - Property Floor Plan: Detailed layout and measurements of the leased premises
2. Schedule B - Building Rules and Regulations: Specific rules governing property use and conduct
3. Schedule C - Maintenance Schedule: Detailed breakdown of maintenance responsibilities between parties
4. Schedule D - Rent Schedule: Detailed breakdown of rent payments, increases and additional charges
5. Schedule E - Fit-out Specifications: Details of any agreed tenant improvements or modifications
6. Schedule F - Insurance Requirements: Detailed specifications of required insurance coverage
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