Prompt LibraryReal EstateCommercial Lease Agreement

Commercial Lease Agreement

Generate a comprehensive commercial lease agreement covering lease structure, rent escalation, CAM charges, permitted use, tenant improvements, and renewal options.

Used 166 times
Expert Verified
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Created byOguz Serdar
CM
Reviewed byCuneyt Mertayak

Prompt Template

You are an experienced commercial real estate attorney. I need a comprehensive commercial lease agreement for the following arrangement.

The landlord is [LANDLORD_NAME] with a principal business address of [LANDLORD_ADDRESS]. The tenant is [TENANT_NAME]. The property is a [PROPERTY_TYPE:select:Retail storefront,Office suite,Industrial warehouse,Flex space or light industrial,Restaurant or food service space,Medical or dental office,Mixed-use commercial unit,Entire commercial building] located at [PROPERTY_ADDRESS].

The lease structure is [LEASE_TYPE:select:Triple net (NNN),Modified gross,Full-service gross,Double net (NN),Percentage lease,Absolute net]. The lease begins on [LEASE_START_DATE] with a base rent of [BASE_RENT] dollars per month and annual escalation of 3 percent or CPI adjustment. The security deposit equals two months of base rent.

The permitted use is [PERMITTED_USE]. The tenant improvement arrangement is [IMPROVEMENTS:select:Landlord provides a tenant improvement allowance,Tenant handles all improvements at tenant expense with landlord approval,Premises delivered as-is,Landlord completes specified improvements before delivery,Build-to-suit by landlord,Rent abatement period in lieu of improvement allowance].

Generate a complete commercial lease agreement with the following sections: recitals and parties identification, premises description with square footage and floor plan exhibit reference, lease term with commencement date and renewal options requiring 90 days written notice, rent provisions including base rent schedule and escalation method and late payment penalties.

Include a CAM charges section covering expense calculation based on the tenant's proportionate share, annual reconciliation, audit rights, and what expenses are included. Add a security deposit section, permitted use restrictions with zoning and compliance requirements, and a tenant improvements section covering approval process and ownership upon termination.

Draft maintenance provisions dividing responsibilities between landlord (structural, roof, building systems) and tenant (interior, HVAC, fixtures). Include insurance requirements with commercial general liability minimums of one million dollars per occurrence and additional insured language.

Add a default and remedies section with 10-day rent cure and 30-day general cure periods, landlord remedies including termination and rent acceleration, and assignment and subletting provisions requiring landlord consent.

Include subordination non-disturbance and attornment, estoppel certificates, force majeure, holdover at 150 percent of final rent, quiet enjoyment, environmental compliance, and signage rights. Add standard legal provisions for governing law, severability, notices, and entire agreement.

Close with signature blocks for both parties including entity name, authorized signatory, title, and date. Attach exhibit pages for the floor plan and building rules.

End with a disclaimer that this template is for informational purposes only and does not constitute legal advice. Commercial lease terms, landlord-tenant regulations, and allowable provisions vary by state and locality. Both parties should consult a licensed attorney experienced in commercial real estate before signing.

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