LEGALDOCS - Industrial Lease
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This is an example of a completed Industrial Lease .
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TO OBTAIN AND PRINT THIS DOCUMENT. You can proceed with the Questionnaire,
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which areas, minimally, should be covered, and will let you see if the subject
matters important to you are covered in the Industrial Lease
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This form is designed to provide many options including the initial lease term (the time which the tenant is in possession), whether to grant one or more options for renewal, and if so, for how long, and options to maintain the rent as fixed, or adjusted. If the rent is to be adjusted, this form permits you to choose different alternatives of how such adjustment will be made.
To create an Industrial Lease, complete this form.Parties and Office Information.
The Landlord's full name is:
The Landlord's address for rent and notices is:
The Landlord is:
a sole proprietorship
a limited liability company
The Tenant's full name is:
The Tenant's address for notices is:
The Tenant is:
a sole proprietorship
a limited liability company
The specific location of the leased Premises is:
Term and Options
The lease will have an initial Term of months.
The Term will start on
The Term will end on
Option To Extend Term
If Tenant exercises any option granted in this Lease, the new base Rent at the first and any subsequent option period (if any) will be:
the same as otherwise set forth in this lease, with no further adjustments.
increased by percent over the Rent paid in the previous year.
increased to the fair market value of similar leaseholds in the vicinity as agreed by the parties, and if no agreement by appraisal.
adjusted as follows: .
Rent and Security Deposit
The monthly rent for the premises is $, to be pre-paid monthly on the first day of each month.
Tenant shall pay a security deposit of $, which shall be paid:
Within three days after this Lease is signed.
When the first rent payment is due.
Will Tenant be given any initial reduction or abatement in rent?
Yes, for the first months following the Commencement Date,
Rent will be reduced by percent.
Annual Rent Adjustments
Will the rent be adjusted on an annual basis? No. Yes.
If Yes, how will the rent adjustment be determined?
according to the CPI "Urban Wage Earner's U.S. City Average published by the Bureau of Labor Statistics.
according to the following CPI index:
Rent will be increased at the rate of percent each year over the rate of the prior year.
If you chose a CPI adjustment above, do you want to have a minimum and maximum adjustment limit?
Yes, with a minimum adjustment of percent (leave blank if not applicable) and a maximum adjustment of percent per year.
Will Landlord perform any Tenant Improvement to the premises?
Yes. Prior to the Commencement Date, Landlord will construct Tenant Improvements.
(Describe in detail the TI's Landlord will construct.) FINISH THIS SENTENCE. Landlord will construct the following Tenant Improvements.
Common Area Maintenance ("CAM") Charges:
Tenant shall be responsible for Tenant's proportional share of the following CAM charges:
No CAM charges (a Gross Lease).
All CAM charges (a Triple Net Lease).
The following CAM charges:
All CAM charges, except:
CAM charges are based on the ratio of the square foot area of the leases space to the total rentable space in the building. The square feet of the leased space is square feet.
Landlord shall, at Landlord's expense, provide the following utilities:
Heating & Ventilation, available (for example, "7 days a week, 24 hours a day, excluding national holidays)
Air Conditioning, available (for example, "7 days a week, 24 hours a day, excluding national holidays)
Other Utilities as follows:
Describe the Janitorial Services provided at Landlord's expense:
Only for common areas and common area restrooms as needed
Trash removal from office every day and general cleaning once per week
As follows: .
Tenant has the following parking rights:
A non-exclusive right for the use of Tenant's customers and invitees in the common parking area.
The exclusive use of parking spaces in the parking area.
As follows: .
Describe the specific permitted use of the Premises, for example: "metal refurbishing", or "making cabinets and furniture". (FINISH THE FOLLOWING SENTENCE, and do not capitalize the first word or use an ending period.) The permitted use of the Premises is:
Is smoking allowed in the Building?
No, the entire building is "smoke free".
Smoking is only allowed in specially designated smoking areas.
There are no restrictions against smoking in the building.
Do not insert any provision regarding smoking in the Lease.
Will Tenant be required to carry casualty insurance?
Yes, with a policy limit of not less than the replacement value of the Improvements on the Premises.
Will Tenant be required to carry blanket commercial liability insurance?
Yes, with a policy limit of not less than $.
Will Tenant be required to carry business interruption (rental guarantee) insurance?
Yes, with coverage equal to month's rent.
Enter the place where this Lease will be signed:
This completes the information input for your Industrial Lease . When you Send this Form, this program will prepare a Summary of the Industrial Lease for your review. Make sure that all facts stated in the Summary are correct in all respects.
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