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LegalGlobalStandard Verified Compliance Template

Free Commercial Property Lease Agreement Template

Comprehensive Commercial Real Estate Lease Agreement template for offices, retail, and commercial spaces with triple-net (NNN) and CAM provisions. Pro-grade boilerplate vetted by certified domain experts. Use it as a raw document, or automate it in Glomiq to eliminate manual copy-pasting.

Verified Compliance Document
Vetted by: Ashay Shah
GLOMIQ DRAFT
COMMERCIAL PROPERTY LEASE AGREEMENT
This Commercial Lease Agreement (the "Lease") is entered into on [DATE], by and between [LANDLORD_ENTITY_NAME], a [LANDLORD_STATE] entity ("Landlord"), and [TENANT_ENTITY_NAME], a [TENANT_STATE] entity ("Tenant").
1. DEMISED PREMISES
Landlord leases to Tenant the commercial property located at [COMMERCIAL_PROPERTY_ADDRESS], comprising approximately [RENTABLE_SQUARE_FEET] rentable square feet (the "Premises").
2. PERMITTED USE
The Premises shall be used solely for [PERMITTED_BUSINESS_USE: e.g. general commercial office and administrative purposes] and for no other purpose without Landlord's prior written consent.
3. TERM
The initial term of this Lease shall be for a period of [LEASE_TERM_YEARS] years, commencing on [LEASE_START_DATE] (the "Commencement Date") and expiring on [LEASE_EXPIRATION_DATE].
4. BASE RENT & ANNUAL ESCALATIONS
(a) Base Rent: Tenant shall pay Landlord annual base rent of $[ANNUAL_BASE_RENT], payable in equal monthly installments of $[MONTHLY_BASE_RENT] on or before the first day of each calendar month.
(b) Annual Escalation: On each anniversary of the Commencement Date, the Base Rent shall automatically increase by [ANNUAL_ESCALATION_PERCENT: e.g. 3.0]% over the preceding year's Base Rent.
5. OPERATING EXPENSES (CAM) & TAXES
Tenant shall pay as Additional Rent its proportionate share ([PROPORTIONATE_SHARE_PERCENT]%) of the actual Common Area Maintenance (CAM) expenses, real estate taxes, and building insurance incurred by Landlord, estimated initially at $[ESTIMATED_MONTHLY_CAM] per month.
6. SECURITY DEPOSIT
Upon signing, Tenant shall deliver to Landlord a security deposit of $[SECURITY_DEPOSIT_AMOUNT], held without interest as security for Tenant's performance.
7. ALTERATIONS AND IMPROVEMENTS
Tenant shall make no structural alterations, installations, or modifications to the Premises without Landlord's prior written approval. All permanent improvements shall become the property of Landlord upon lease expiration.
8. INSURANCE
Tenant shall maintain throughout the Term: (a) Commercial General Liability insurance with limits not less than $[LIABILITY_INSURANCE_MINIMUM: e.g. $2,000,000] per occurrence; and (b) Property insurance covering Tenant's fixtures, equipment, and inventory. Landlord shall be named as an additional insured.
9. GOVERNING LAW
This Lease shall be governed by the laws of the State of [GOVERNING_STATE].
IN WITNESS WHEREOF, the authorized representatives of the parties have executed this Commercial Lease Agreement.
LANDLORD:
[LANDLORD_ENTITY_NAME]
By: _______________________________
Name: [LANDLORD_SIGNER_NAME]
Title: [LANDLORD_SIGNER_TITLE]
TENANT:
[TENANT_ENTITY_NAME]
By: _______________________________
Name: [TENANT_SIGNER_NAME]
Title: [TENANT_SIGNER_TITLE]

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Expert Drafting Guide & Clause Commentary

Compiled by Ashay Shah. Critical checkpoints before finalizing this document.

1Standard Terms and Definitions▼
Clause Context:

Defines the main terms used throughout the document.

Negotiating Tip:

Ensure definitions are consistently used across all sections to avoid conflicting interpretations.

2Governing Law and Jurisdiction▼
Clause Context:

Determines which courts will settle disputes.

Negotiating Tip:

Set the governing law to your local jurisdiction to minimize travel and legal overhead in the event of a dispute.

Compliance Watchouts

  • Review all placeholders carefully before signing.
  • Consult a professional advisor if editing core clauses.
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Ashay Shah (Founder, Glomiq)

Ashay is the founder of Glomiq. He is passionate about reducing administrative overhead for Indian professionals. Prior to Glomiq, Ashay spent 6 years leading engineering and product teams building automated document infrastructure and SaaS systems.

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