1. Since the Commercial lease agreement is between the landlord and tenant, both of them need to include personal information such as their name, phone number, and fax, amongst many other details. This is a necessity because it will be established who is the landlord of the property and who will rent the commercial establishment for a specified time limit.
2. The commercial lease agreement template will then need to include information about the commercial property, its location as well as all features and facilities offered via this contract. You will also need to add stuff like the amount of space offered by the property, utility, equipment, improvements, and installations, among many others, in the commercial property lease agreement. These have to be addressed because if they are altered in any case and they are not included in the simple commercial lease agreement, the tenant will not be responsible for those, you will be. That’s one of the main reasons why the common areas and facilities always have to be taken into account if you want to assure your utmost protection.
3. An intent of lease also needs to be included in the standard commercial lease agreement, and this is mandatory because it will showcase what the commercial premise will be used for.
4. After you wrote the intent of the lease, you also need to add the lease premises, showing how the commercial property can be used and in what instances.
5. This section needs to be followed by the necessary terms that the tenant needs to know when renting the property. On top of that, you also need to create a rent section that will address the base rent, as well as the date on which needs to be paid, otherwise, the rental process will not be legal and documented.
6. Use and occupation should also be a focus of the Commercial lease agreement, and these are mandatory portions since they bring in front the ability to see what the premise will be used for at the end of the day.
More free commercial lease agreement tips: when creating or negotiating a commercial lease agreement, you need to be careful in regards to the details that it includes. Some of these might carry insurance, others will come with permitted hours of operation, and so on. No matter if you are the tenant or property owner, extra attention needs to be placed on these details, because they will either protect or limit you, depending on the situation.
Moreover, you do need to be certain that the grammar and basic information in the Commercial lease agreement is correct. If any misspellings are found in the content, then the contract might not be rendered as usable, and that’s surely something to avoid at all costs.
If you are the tenant, then it’s a good idea to add a clause through which you make sure that the landlord won’t rent a property to potential competitors. This is something that you can avoid, mainly because it can bring many problems, such as the inability to make a profit from your business!