Industrial lease agreement. The lease agreement outlines the duties and responsibilities of each party. A commercial lease agreement is a contract to rent retail office or industrial space between a landlord and tenant. The tenant is obligated to pay rent plus the tenants pro rata share of increases in insurance costs and real estate taxes over the base year specified in the lease. While the residential lease agreement may be both short term and long term.
Instant access to 1800 business and legal forms. Office lease space that is generally for professional services such as insurance agencies or medical suites. It usually lists the amount of rent when rent must be paid how and where rent must be paid and the amount of time that the tenant is leasing the space. Retail single tenant property triple net nnn for a single user on a property that will be selling goods directly to consumers.
Also it is a legally binding contract involving money. Commercial lease agreements are more complicated than residential leases because the terms are negotiable and vary greatly from lease to lease. Industrial lease for space that is primarily used for warehousing or storage. This industrial lease agreement this lease dated for references purposes only is made between ps business parks lp a california limited partnership landlord and technest holdings inc a nevada corporation and technest inc a delaware corporation jointly and severally collectively the tenant as of december 7 2011 the date of this lease.
A commercial lease agreement acts as a legally binding contract which allows a business the right to occupy the landlords property for business or commercial activities in exchange for paying rent. Industrial lease agreement template download now. The commercial lease agreement is a long term one which makes it difficult for you to break or changes the agreement. The tenant pays a monthly amount to the landlord in return for being allowed the right to use the premises for their business purpose.
Most businesses will choose to rent property instead of buying it because it requires less capital. This industrial lease form is designed for a tenant taking space located in an industrial park with other tenants. A commercial lease agreement is a written agreement between a landlord and a potential tenant for a commercial space. A commercial lease is a contract between a landlord and a business for the rental of property.