A commercial lease agreement is a legal contract between a landlord and a tenant that outlines the terms and conditions of renting a commercial property. In Florida, there are specific laws and regulations that govern commercial leases. It`s essential to create a comprehensive lease agreement that meets the requirements of both parties and adheres to Florida law. To help get you started, here`s a sample commercial lease agreement for Florida.
The lease agreement is made between the landlord, [Name of Landlord], and the tenant, [Name of Tenant]. The address of the rental property is [Address of Property].
Type of Lease:
This lease agreement is for a [Fixed-Term/Periodic/Tenancy at Will] commercial lease. The lease term begins on [Start Date] and ends on [End Date]. The tenant has the option to renew the lease for an additional term of [Number of Years] years upon the expiration of the initial lease.
Rent and Deposits:
The monthly rent for the rental property is [Amount of Rent], payable on the [1st/15th] of each month. The tenant must provide a security deposit of [Amount of Deposit] before the lease term begins. The landlord will hold the deposit until the end of the lease. If the tenant violates any terms of the lease agreement, the landlord may use the deposit to cover any damages or unpaid rent.
Use of Property:
The tenant will use the rental property solely for [Type of Business]. The tenant cannot use the property for any illegal activities. The tenant may not make any alterations or improvements without the landlord`s written consent.
Maintenance and Repairs:
The landlord is responsible for maintaining the rental property`s structural components, including the roof, walls, and foundation. The tenant is responsible for keeping the interior of the property clean and in good condition. The tenant must notify the landlord of any necessary repairs or maintenance promptly.
The tenant must maintain liability insurance on the rental property. The landlord should be added as additional insured under the tenant`s policy. The landlord will maintain property insurance on the rental property.
Default and Remedies:
If the tenant fails to pay rent, violates any term of the lease agreement, or vacates the property before the end of the lease term, the landlord may terminate the lease agreement and take legal action to recover damages.
This lease agreement is governed by the laws of the state of Florida. Any disputes arising from this agreement will be resolved through arbitration in the state of Florida.
This sample commercial lease agreement for Florida is a starting point for your own lease agreement. It`s essential to consult with an attorney to ensure your lease agreement is compliant with Florida law and meets your specific needs.