DRAFTED BY MAXWELL LAW FIRM, PLLC
NORTH CAROLINA COMMERCIAL LEASE AGREEMENT
1. RECITALS
This Commercial Lease Agreement (Lease) is entered into on this ____ day of ___________, 20__, by and
between ____________ (Landlord) and __________(Tenant # 1) & ______________ (Tenant # 2).
Landlord is the owner of land and improvements whose address is: _________________________________,
North Carolina. Landlord makes available for lease the building located at the aforementioned address (Leased
Premises).
Landlord desires to lease the Leased Premises to Tenant, and Tenant desires to lease the
Leased Premises from Landlord for the term, at the rental and upon the provisions set forth herein.
THEREFORE, in consideration of the mutual promises contained herein, and for other good and valuable
consideration, it is agreed:
2. TERM
The Initial Term of the Lease will be for ______ year(s) and shall begin on the _____day of _____________,
______, and end on the _____ day of _____________, ___.
Landlord shall deliver possession of the Leased Premises to Tenant on the beginning of the Lease term. If
Landlord is unable to timely provide the Leased Premises, rent shall abate for the period of delay. Tenant shall
make no other claim against Landlord for any such delay.
Upon thirty (30) days prior to the expiration of this initial lease term, either party may terminate this agreement.
If tenant remains in possession (holdover) of the leased premises, after the expiration of the initial term, either
party may terminate the lease upon thirty (30) day written notice. All other terms/provisions set forth in this
lease agreement shall remain effective.
Tenant shall exercise such renewal option, if at all, by providing written notice to Landlord not less than thirty
(30) days prior to the expiration of the Initial Term. The renewal term shall be at the rental set forth below and
otherwise upon the same covenants, conditions and provisions as contained in this Lease.
3. RENT
Tenant shall pay to Landlord during the Initial Term rent of Nine Hundred Dollars ($900) per month due upon
the 1st of the Month of Every Month.
4. PROHIBITED USES
Notwithstanding the forgoing, Tenant shall not use the Leased Premises for the purposes of storing,
manufacturing or selling any explosives, flammables or other inherently dangerous substance, chemical, thing or
device.
Nor with Tenant use the premise for any immoral or illegal purpose.
5. SUBLEASE AND ASSIGNMENT
Tenants shall have the right without Landlord's consent, to assign this Lease to a business with which Tenant
may merge or consolidate, to any subsidiary of Tenant, to any corporation under common control with Tenant,
or to a purchaser of substantially all of Tenant's assets. Except as set forth above, Tenant shall not sublease all or
any part of the Leased Premises, or assign this Lease in whole or in part without Landlord's consent, such
consent not to be unreasonably withheld or delayed.
Page 1 of 5
DRAFTED BY MAXWELL LAW FIRM, PLLC
6. BUILDING MAINTENANCE AND REPAIRS
During the Lease term, Landlord shall make all necessary repairs to the Leased Premises that result from normal
wear and tear. Repairs shall include such items as routine repairs of floors, walls, ceilings, and other parts of the
Leased Premises damaged or worn through normal occupancy, mechanical systems or the roof, subject to the
obligations of the parties otherwise set forth in this Lease.
Landlords to will insure building is structurally sound and make all repairs, and or renovations to insure
structural integrity of building. Leased premises will be maintained by Landlord according to local building
code standards.
INSURANCE & DAMAGE TO THE PREMISES
It is the Landlord’s sole responsibility to maintain insurance on the leased premises in the case that it is damaged
or destroyed by a force of nature, fire, wind, flood, disaster, or any other means NOT caused or the fault of the
Tenant. Such insurance shall extended coverage insurance on all of its personal property of either the Landlord
or the Tenant, including removable trade fixtures, located in the Leased P