Commercial Lease Agreement Forms

This Commercial lease agreement form is for renting out space for retail, office, or industrial use. Rent is based on PSF, plus NNN expenses (usually property taxes, insurance, and maintenance costs). Most leases last 3-10 years, with a predetermined rate for renewal.

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Last updated November 13th, 2024

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This Commercial lease agreement form is for renting out space for retail, office, or industrial use. Rent is based on PSF, plus NNN expenses (usually property taxes, insurance, and maintenance costs). Most leases last 3-10 years, with a predetermined rate for renewal.

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A Commercial lease agreement form is a legally binding contract that outlines the terms and conditions of a rental arrangement between a landlord and a tenant for a commercial property.

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Standard Residential Lease Agreement

 

Download: PDF
Simple (1-Page) Lease Agreement

 

Download: PDF

Most Recent US Home Facts

  • Population (2023): 334,914,895
  • Median Households (2022): 125,736,353
  • Median Household Income (2022): $75,149
  • Owner-occupied Households (2022): 64.8%

Source: U.S. Census Bureau

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1. How to Lease Commercial Rental Property?

2. How to Process Rental Inquiries?

Property owners will know who is seriously interested in renting the Commercial Rental Property by potential Tenants requesting to see the property in person (property showing).

3. How to Screen Tenants?

 

There are five ways Landlords can screen potential Tenants to see if they are a good fit for the Commercial Rental Property for Lease:

  1. Commercial Lease Application
  2. Copy of Drivers License
  3. EIN (business)
  4. Previous two years of business tax returns (IRS Form 8879-S or IRS Form 1120S)
  5. Previous two years of personal income tax returns (IRS Form 1040).

Screening Services:

Individuals – MySmartMove (TansUnion)

Businesses – Dun & Bradstreet

Definitions

Commercial Property – Buildings and Land used for profit generation, including office buildings, medical centers, hotels, malls, retail stores, multifamily housing buildings, farmland, warehouses, and garages.

Commercial Lease/Tenancy – Nonresidential tenancy for property by for-profit entities.

Frequently Asked Questions

What is the penalty for breaking a Commercial Lease Agreement?

Commercial Leases do not have early termination rights, so Landlords usually require 3 to 6 months of pre-paid rent plus unamortized costs.

What are outgoings in Commercial Leases?

Operational and maintenance costs.

How much is a Commercial Lease Bond?

2-3% of the policy coverage amount annually.

Do Commercial Tenants have the same rights and protections as Residential Tenants?

Unlike Residential Tenants, Commercial Tenants are bound to the statutory rights and protections outlined in the Lease Agreement.

When Does a Commercial Lease Agreement Become Legally Binding?

The Commercial Lease Agreement becomes legally binding when both parties sign the contract and the buyer gets the notice that the seller has accepted the deal. The buyer can get the notice in-person, by phone, and/or email.