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COMMERCIAL LEASE AGREEMENT
THIS LEASE (this "Lease") dated this ________ day of ________________, ________BETWEEN:
______________________ of _________________________________Telephone: ______________________ (the "Landlord")
OF THE FIRST PART
- AND -
______________________ of _________________________________Telephone: ______________________(the "Tenant")
OF THE SECOND PART
IN CONSIDERATION OF the Landlord leasing certain premises to the Tenant, the Tenant leasing those premises from the Landlord and the mutual benefits and obligations set forth in this Lease, the receipt and sufficiency of which consideration is hereby acknowledged, the Parties to this Lease (the "Parties") agree as follows:
The Premises will be used for only the following permitted use: ______________________________________________________________________ ______________________________________________________________________ (the "Permitted Use").
IN WITNESS WHEREOF the Parties to this Lease have duly affixed their signatures under hand and seal, or by a duly authorised officer under seal, on this ________ day of ________________, ________
______________________________(Witness)
______________________ (Landlord)Per:______________________(SEAL)
______________________ (Tenant)Per:______________________(SEAL)
A Commercial Lease Agreement is also called a/an:
A Commercial Lease Agreement is a contract between a landlord and a tenant that outlines the terms of a commercial tenancy and the rights and responsibilities of the parties involved.
LawDepot's Commercial Lease Agreement is tailored to meet the governing laws in Australian states and territories, including:
Unlike a Residential Lease that is used for personal housing, a Commercial Lease is used for business properties (such as office suites, retail stores, workshops, warehouses, scrapyards, etc.) where individuals or companies perform their business operations.
Different legislation applies to commercial and residential leases, so the government protection that tenants are entitled to may vary. You can consult your local laws to confirm your rights and obligations as a landlord or tenant in a Commercial Lease.
A commercial property is a piece of land or a building that is used to generate a profit, typically by selling goods and/or services.
LawDepot provides a Commercial Lease Agreement customisable for commercial properties such as:
Though a typical Commercial Lease may last three to five years, the length of your Commercial Lease will often depend on factors like your current business situation, the location of the commercial property, and the cost of rent.
For example, a new startup may want to enter a short-term lease to avoid getting locked into a lease term they might not be able to afford, but an established business may want to enter a long-term lease to reap benefits like signing incentives (e.g. first month's rent free) or landlord concessions (e.g. the landlord pays the realtor broker's fee).
It's also important to note that in most Australian states and territories the tenant of a retail lease has the right to a minimum tenancy period of up to five years. To confirm lease requirements in your jurisdiction, you can consult your local small business board.
The terms of a Commercial Lease can vary depending on the length of a tenancy, the type of commercial property, and the purpose for renting the space.
Generally, a Commercial Lease will cover terms such as:
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