This Business Lease Agreement is made between a Landlord and a Tenant whereby
the Tenant leases premises from the Landlord to conduct its business. This business
lease provides for a net lease clause whereby the Tenant is responsible for paying a
portion of the taxes for the premises. This form contains terms and conditions which are
standard for this type of agreement, however, additional language may be added by the
contracting parties to ensure that their needs are met. This form is most useful to
persons wishing to lease a space for a business or for persons that want to lease out
premises to a business owner for the purpose of running that business.
THIS LEASE AGREEMENT (the “Agreement”) is made this _____ day of
B E T W E E N:
(hereinafter called the "Landlord")
OF THE FIRST PART,
- and -
(hereinafter called the "Tenant")
OF THE SECOND PART.
A. The Tenant has agreed to lease from the Landlord the Leased Premises (as herein
B. The Landlord has agreed to lease to the Tenant the Leased Premises (as herein
NOW THEREFORE IN CONSIDERATION OF the reciprocal covenants herein
contained the parties agree as follows:
The Landlord is the owner of the lands and premises as described on Schedule "A" annexed
hereto, known municipally as _____________________________, (hereinafter called the
"Leased Premises"), on which a commercial building (hereinafter called the "Building") is
In consideration of the rents, covenants and agreements hereinafter reserved and contained on the
part of the Tenant to be paid, observed and performed the Landlord does hereby lease unto the
Tenant, who hereby accepts the Lease of the same, the Leased Premises.
To hold for and during the term of ___________ (___) [Instruction: insert any number] year(s)
(hereinafter called the "Term") to be computed from the _____ day of _________________,
2_____, (hereinafter called "the Commencement Date") and thenceforth next ensuing and fully
to be completed on the ______ day of ________________, 2_____, subject to the conditions
herein set forth and payment of rentals hereinafter covenanted to be paid by the Tenant.
The Tenant shall not have the right to renew this Lease except upon the further written
agreement of the parties hereto.
6. USE OF PREMISES
The Leased Premises are leased to the Tenant for use and occupation only as
__________________________ and for no other purpose. The Landlord covenants that to the
best of their knowledge, there are no lawful restrictions that prohibit the Tenant's use as
The Tenant covenants and agrees to pay to the Landlord a fixed annual minimum rent for the
Leased Premises for each and every year during the term hereof in the amount of
_____________________ ($_________) Dollars of lawful money of _________________
(hereinafter called the "Annual Rent") payable each year in advance in twelve equal consecutive
monthly installments of ________________ ($_________) Dollars, payable on the ______ day
of each and every month during the Term of the Lease.
A. The Tenant shall make all payments from time to time due hereunder without set
off, compensation or deduction whatsoever promptly to the Landlord at
____________________________ or at such other place as the Landlord may
designate from time to time.
B. In the event the Tenant fails to pay the monthly installments of the Annual Rent
strictly on the due date the Landlord may, without prejudice to the Landlord's rights,
require the Tenant to furnish the Landlord with a series of post-dated checks covering
the next twelve monthly installments or such number of installments as remain in the
term, payable on the due dates of such installments, and the Tenant shall forthwith
deliver such checks to the Landlord.
9. ADDITIONAL RENT
A. The Tenant shall pay or pay to the Landlord as the case may be as Additional
Rent and as may be further enumerated in Section “Tenant’s Covenants” herein as the
case may be of all expense charges chargeable to the Tenant under a completely
carefree net Lease to the Landlord including, without limiting the generality of the
foregoing, the cost of all:
i. heating costs, ventilation and air conditioning expenses including, without
limitation, maintenance and repair of the machinery and equipment providing
ii. public and private utilities including, without limitation, water, gas, electric power
or energy to the Leased Premises;
iii. fire, all risk and liabi