Contract Templates > Commercial Lease Agreement Template
Commercial Lease Agreement Template
If you’re looking for a solid commercial lease agreement template, you’ve come to the right place. Use our free fillable commercial lease agreement template as a starting point for your next contract. Deliver and get it signed in minutes with built-in eSignature.
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Many business owners opt to rent a commercial property rather than buying it to own because renting requires less startup capital. This is where a standard form commercial lease agreement comes in. A commercial lease agreement is a contract between a business and a landlord for the rental of a property, and it differs from a standard rental lease at great length.
Commercial leases are also much more “buyer beware” than residential leases. This is especially due to the fact that the terms of commercial leases are negotiable and vary from lease to lease. Commercial leases also offer other significant differences, such as fewer legal protections, rent increases, clauses, varied terms, and longer terms. Residential leases, on the other hand, are often highly regulated and stringent in their terms.
If you’re looking to put together commercial lease agreements for potential commercial renters, using a template is the easiest way to go about creating one, and Proposable has exactly what you need to get started. Ou can view an example of a commercial lease agreement [here]. You can get your customizable commercial lease in PDF form or a printable commercial lease agreement—all straight from our fully customizable templates.
Free Printable Rental Agreement
A rental agreement covers the expected rent and deposit, charges for maintenance, electricity, and water, the tenant’s responsibilities, the property owner’s responsibilities, the lease termination and extension, and of course, the user and exclusivity clauses. With all of this in mind, there are a variety of free rental agreement forms you can choose from when creating your customized rental agreement.
You can start with a fill in the blank lease agreement, but you’ll have to decide whether a word document or PDF will work best for you and your potential renters. The main thing to understand is that PDF files are readily printable whereas word documents are not. This can pose a serious issue if you send your renters a free printable basic rental agreement word document that won’t print (and can’t be converted.)
Adversely, you could send them a free printable basic rental agreement PDF and they may not be able to open it if they don’t have the proper file reader—which is less likely than the word document scenario. Your free rental agreement download or your free printable rental agreement in PDF form will also be much more secure, which is the most important thing in this situation.
California Lease Agreement
Commercial leases also vary by state. There are three different commercial lease agreements in California, otherwise known as a Gross Lease, a Triple Net Lease, and a Modified Gross Lease. Each is a land lease agreement that pertains to the allocation of costs.
The Gross Lease is the most basic in terms of square-footage. It indicates that the renter agrees to pay the gross price per square-footage and the property owner agrees to pay for the additional expenses that come with ownership. I.e., repairs, insurance, utilities, and some taxes.
The Modified Gross Lease refers to the Gross Lease plus modifications. These leases are typically used for office spaces as both parties agree to pay for various costs. The modifications refer to the renter paying for certain services and contributing to common area maintenance and utilities. The property owner typically pays the real estate taxes and property and building maintenance.
The Triple Net Lease involves the bigger, more complex structures such as a strip mall or chain-store spaces. In this situation, the renter agrees to pay the rent as well as the operating costs. These costs are broken down into three net areas: real estate taxes, insurance, and maintenance. This may also include utilities, depending on the space.
Florida Lease Agreement
Florida lease agreements also vary, especially since people tend to only live in the state seasonally. Here you’ll find lease agreements such as the associations of realtors lease agreements, commercial lease agreements, condominium lease agreements, lease to own agreements, month to month rental agreements, roommate (room) agreements, standard residential agreements, sublease agreements, termination lease letter agreements, and so on.
A commercial lease agreement in Florida, of course, differs from that of a residential lease agreement. Even a Florida Triple Net Lease agreement is more open-ended, for example. Florida laws have separate procedures for both commercial and residential leases, especially in terms of protecting the rights of tenants. A commercial property lease in Florida allows for easier evictions than that of a residential lease.
For this reason, your commercial property lease in Florida should be very detailed, covering any and every foreseeable scenario. There are even commercial lease applications in Florida, as a means of screening potential renters to protect property owners. If a commercial renter agrees to your terms, they’ll have an extremely hard time refusing to adhere to those terms later on.
If you’re putting together a commercial lease agreement in the state of Florida, Proposable has you covered. Check out our free commercial lease agreement template [here]
Triple Net Properties
Triple net properties are properties accrued under a Triple Net Residential Lease agreement or a Triple Net Commercial Lease agreement. This lease agreement offers a lower monthly rent in exchange for the potential tenant’s agreement to chip in for other expenses such as real estate taxes, maintenance costs, insurance, and so on. These types of leases actually give the renter a lot more freedom to do want they want business-wise.
You’re probably wondering, then what does a landlord pay in a triple net lease? Well, the landlord or property owner is responsible for paying expenses including the property mortgage along with any financing fees, and any structural repairs to the property such as utility repairs, roofing, or interior wall repairs. The landlord is also required to have their name on each and every insurance policy regarding the property, even if the tenant assumes responsibility.
When it comes to a Triple Net Lease vs a Gross Net Lease, the landlord assumes less responsibility for the overall property, but it requires more oversight considering their name is not only on the mortgage but the insurance policies as well. They also make for great real estate investments.