Docstoc

Commercial Lease Agreement

Document Sample
Commercial Lease Agreement Powered By Docstoc
					This document is an agreement between a landlord and a tenant to lease certain
commercial premises for a specified term, which could be an office building, storefront,
restaurant, or any other property leased for commercial use. This document has
customizable features including price, term of lease, parking options, and much more.
This document is ideal for entities or other individuals that want to enter into a standard
commercial lease agreement.
                    COMMERCIAL LEASE AGREEMENT
               THIS INDENTURE made in duplicate as of the ___ day of _________, 20____.

B E T W E E N:

                                       ___________________________,

                                       (hereinafter called the "Landlord"),

                                                                                 OF THE FIRST PART,

                                                  - and -

                                       ___________________________,

                                       (hereinafter called the "Tenant"),

                                                                              OF THE SECOND PART.


               WITNESS that in consideration of the rents, covenants and agreements
hereinafter reserved and contained on the part of the Tenant, his/her heirs, executors,
administrators, successors and assigns to be paid, observed and performed, the Landlord hereby
leases unto the Tenant, his/her heirs, executors, administrators, successors and assigns for use
and occupation as commercial premises and for no other purpose, all those certain premises
known municipally as _____________________ (hereinafter called the "Premises") upon the
following terms and conditions:

1.00         To have and to hold the Premises for and during the term of __________ (____)
months/years to be computed from ____________and ending on the _____ day of
_____________, 20____, (hereinafter called the "Term").

2.00           Yielding and paying therefore unto the Landlord during the said Term the sum of
________________ ($__________) Dollars in lawful money of United States/Canada to be
payable in equal consecutive monthly instalments of ______________ ($__________) Dollars
each payable in advance on the ______ (___) day of each and every month during the said Term.

3.00           The Tenant covenants and agrees to deliver rental payments to the Landlord by
the date due. If rental payments are not received by the date due, a collection charge of
________ ($_____) Dollars in addition to the monthly rent due will immediately become and
payable in the event that it is not paid by the sixth day after said rent is due. In addition, for each
cheque not honoured by the Bank or Trust Company upon which it is drawn, a collection charge
of __________ ($_______) Dollars in addition to the monthly rent will become immediately due
and payable.

4.00            The Landlord and the Tenant mutually covenant and agree that whenever in this
lease notice is required to be given by either the Landlord or the Tenant to the other, the same
shall be in writing and, except as otherwise provided, be deemed to be sufficiently given if
mailed postage prepaid and registered mail to the Tenant at the Premises and notice to the
Landlord shall be addressed to ______________________. Notice so given shall be deemed to
have been received by the addressee on the fourth postal delivery day following the date on
which it is so mailed.

5.00            The Tenant covenants and agrees to pay rent, maintain the Premises in an
ordinary state of cleanliness, and repair any damage caused to the Premises by his/her wilful or
negligent conduct or that of persons who are permitted on the Premises by him. The Tenant
further covenants to leave the Premises in an ordinary state of cleanliness upon termination of
this Lease in the same condition as now exists, reasonable wear and tear excepted.

6.00           The Tenant covenants and agrees that it shall be his/her sole responsibility to pay
for all heat, hydro, water gas, cable and telephone charge required for the Premises and the
Tenant further covenants and agrees to hold the Landlord harmless for all accounts aforesaid
including arrears and penalties thereof

7.00           The Tenant covenants and agrees that he/she shall promptly notify the Landlord
of any repairs required to be made by the Landlord and, subject to the applicable provisions of
the Act, the Landlord shall be permitted to enter the Premises for the purposes of viewing and
making any such necessary repairs. The Landlord shall be permitted a reasonable time within
which to make any such repairs that are necessary.

8.00          The Tenant covenants and agrees not to assign or sublet this Lease without prior
written approval of Landlord.

9.00             The Landlord covenants with the Tenant for quiet enjoyment.

10.00          The Tenant covenants and agrees that he/she will not at any time during the Term,
use, or permit the use of the Premises for any business or for any purpose other than as his/her
own commercial Premises and will not permit a nuisance to occur with respect to the use of the
Premises.

11.00           The Tenant covenants and agrees that, in case the Premises shall be abandoned or
vacated by the Tenant, the Landlord, in addition to all other rights provided under the Act and all
other rights hereby reserved, shall have the right to enter the Premises as the agent of the Tenant,
either by force or otherwise, witho
				
DOCUMENT INFO
Description: This document is an agreement between a landlord and a tenant to lease certain commercial premises for a specified term, which could be an office building, storefront, restaurant, or any other property leased for commercial use. This document has customizable features including price, term of lease, parking options, and much more. This document is ideal for entities or other individuals that want to enter into a standard commercial lease agreement.
Customize This Document Instantly download your personalized document Guided Fill-in-the-Blank Process
This document is also part of a package Commercial Lease Starter Kit 6 Documents Included