Fillable Form Contract of Lease

What is a Commercial Lease Agreement?

A Commercial Lease Agreement, or also referred to as a Contract of Lease, is used by lessors and lessees to create a contract for the rental of certain property. Before signing a commercial lease, it is important to understand the lease terms that define the rights and responsibilities of each party.

A complete Commercial Lease Agreement must contain the following information:

• Date the contract was entered into
• Full legal name of lessor
• Full legal name of lessor’s spouse
• Citizenship of lessor’s spouse
• Residential and postal address of lessor
• State of lessor
• Full legal name of lessee
• Full legal name of lessee’s spouse
• Citizenship of lessee’s spouse
• Residential and postal address of lessee
• State of lessee
• Recitals
• Terms and conditions
  • Purposes
  • Term
  • Rental rate
  • Deposit
  • Default payment
  • Sub lease
  • Public utilities
  • Force majeure
  • Lessor’s right of entry
  • Expiration of lease
  • Judicial relief
• Signature of lessee and lessor
• Date of signing

How to fill out a Commercial Lease Agreement?

Lessors and lessees can write their own Commercial Lease Agreement Template or download a PDF copy from a website that offers document templates. For convenience, they can also fill out the Commercial Lease Agreement Template electronically on PDFRun.

To fill out a Commercial Lease Agreement Template, you must provide the following information:

Date

Enter the date where this Commercial Lease Agreement has been entered into.

Day

Enter the day where this Commercial Lease Agreement has been entered into.

Month

Enter the month where this Commercial Lease Agreement has been entered into.

Year

Enter the year where this Commercial Lease Agreement has been entered into.

Name of Lessor

Enter your full legal name.

Name of Spouse

Enter the full legal of your spouse.

Citizenship

Enter the citizenship of your spouse.

Residential and Postal Address

Enter your residential and postal address.

State of

Enter the state you are currently residing in.

Name of Lessee

Enter the full legal name of your lessee.

Name of Spouse

Enter the full legal name of the spouse of your lessee.

Citizenship

Enter the citizenship of the spouse of your lessee.

Residential and Postal Address

Enter the residential and postal address of your lessee.

State of

Enter the state where the lessee is currently residing in.

Recitals

You must agree to lease out your property to the lessee and the lessee must be willing to do the same. Furthermore, both you and the lessee must accept the terms and conditions on this Commercial Lease Agreement.

Address of the Property to be Leased

Enter the address of the property to be leased by the lessor.

Terms and Conditions

Item 1. Purposes

The premises that have been leased hereby will be used exclusively by the lessee for residential purposes only. The lessee will not be allowed to lease your premises for any other uses. Furthermore, it is hereby agreed by both of the parties involved that if any time the premises have been used for purposes other than residential use, you will have the right to rescind this Commercial Lease Agreement without any prejudice to its other rights under the law.

Item 2. Term

Upon the expiration of this Commercial Lease Agreement, it may be renewed under certain terms and conditions that have been agreed upon by both parties as long as a written notice of intention has been delivered on or before the deadline.

Starting Date

Enter the starting date for the term of the lease.

Ending Date

Enter the ending date for the term of the lease.

Prior Written Notice

Enter the deadline for the submission of the written notice of intention to renew the lease.

Item 3. Rental Rate

Enter the amount for the monthly rental rate for the leased premises in U.S. dollars and in word format.

Item 4. Deposit

Deposit Amount

Enter the amount the lessee must deposit in U.S. dollars and in word format.

Partial Deposit

Enter the partial amount of deposit that will be used for rent.

Rent Application

Enter what kind of rent application the partial deposit will be used for.

Remaining Deposit

Enter the amount of deposit that will be used for damages and certain obligations such as water bills, electricity bills, or telephone bills.

Item 5. Default Payment

You may opt to terminate this contract and eject the lessee just in case he or she defaults on the payment of the rent or when his or her checks are dishonored. You have the right to padlock the premises when the lessee is in default of certain payments. Furthermore, you may forfeit whatever rental deposit or advances that the lessee has been giving you.

Default Payment Amount

Enter the amount the lessee must pay just in case he or she will be in default in payment of the rent or when his or her checks are dishonored.

Item 6. Sub Lease

The lessee is not allowed to directly or indirectly sublet, allow, or permit the leased premises to be occupied in whole or in part by any person, business, or corporation. Moreover, the lessee is also not allowed to assign his or her rights in this contract to any other person or entity and no right of interest will be conferred on or vested in anyone by the lessee without your written approval.

Item 7. Public Utilities

Enter all of the public utilities the lessee must pay for the duration of this Commercial Lease Agreement.

Item 8. Force Majeure

Neither of the parties will be deemed to be in breach of this agreement in case of earthquakes, volcanic eruptions, floods, or other forms of natural catastrophes or any acts of God.

Item 9. Lessor’s Right of Entry

You or your authorized agent will have the right to enter the premises in the presence of the lessee or his or her representative at any reasonable hour to examine the place or make any necessary repairs for the operation and maintenance of the building as long as you have given the lessee due notice about your visit.

Item 10. Expiration of Lease

At the expiration or cancellation of this lease, the lessee is required to promptly deliver the leased premises with all of the corresponding keys in their good and tenable condition. If the lessee does not comply with the terms of this clause, you will then have the right to refuse to accept the delivery of the premises and compel the lessee to pay the rent at the same rent plus the agreed-upon percentage as a penalty until he or she has complied with the terms stated.

Percentage

Enter the percentage for the lessee’s penalty.

Item 11. Judicial Relief

In case any of the parties have sought judicial relief against each other, the losing party must pay a certain percentage of the amount claimed.

Item 12

This contract of lease will be valid and binding between the parties involved.

In Witness Whereof

Name of Lessor

Enter your full legal name.

Name of Lessee

Enter the full legal name of the lessee.

Signature of Lessor

Affix your signature.

Signature of Lessee

Have the lessee affix his or her signature.