A commercial office rental agreement, also known as a lease agreement, outlines the terms and conditions for renting office space. Here is a basic template for such an agreement. Please note that this is a general template, and you should consult with legal professionals and adapt it to comply with local laws and regulations and meet your specific needs.
[Note: Anything within brackets should be replaced with the relevant information.]
1. Office Rental Agreement
This Office Rental Agreement (“Agreement”) is entered into on this [Date], by and between:
Landlord: Name of Landlord: [Landlord’s Full Name] Address of Landlord: [Landlord’s Address]
Contact Information of Landlord: [Landlord’s Phone Number and Email Address]
Tenant: Name of Tenant: [Tenant’s Full Legal Name] Address of Tenant: [Tenant’s Address]
Contact Information of Tenant: [Tenant’s Phone Number and Email Address]
Property Address: [Office Address or Building Name] Office Space Description: [Description of the rented office space, including square footage, floor, and any specific details]
Lease Term: [Start Date] to [End Date] Monthly Rent: [Monthly Rent Amount] Security Deposit: [Security Deposit Amount] Payment Method: [Payment Method for Rent and Deposit]
2. Terms and Conditions:
I) Rent Payment: Tenant agrees to pay the monthly rent as stated above on or before the [Due Date] of each month. Rent payments shall be made by [Payment Method], to the Landlord’s designated account at [Bank Name].
II) Security Deposit: Tenant has deposited the security deposit amount as mentioned above. This deposit will be held by the Landlord as security against any damage or unpaid rent during the lease term. Upon the termination of this Agreement, the security deposit, less any deductions for unpaid rent or damages, will be returned to the Tenant within [Number of Days] days.
III) Utilities and Services: The following utilities and services are included in the rent:
[List of Included Utilities/Services]
Tenants shall be responsible for any additional utilities or services not included in the rent.
IV) Maintenance and Repairs: Landlords shall be responsible for general maintenance and repairs of the building’s common areas. Tenant shall be responsible for any damages caused by Tenant or Tenant’s employees.
V) Termination: Either party may terminate this Agreement with written notice of [Number of Days] days before the intended termination date. Upon termination, Tenant shall vacate the premises, leaving them in a clean and undamaged condition.
VI) Insurance: Tenants shall maintain adequate insurance coverage for their business operations within the leased premises and provide proof of insurance to the Landlord upon request.
VII) Subletting: Tenants shall not sublet or assign any portion of the leased premises without the written consent of the Landlord.
VIII) Governing Law: This Agreement shall be governed by and construed in accordance with the laws of [State/Country].
Landlord’s Signature: ___________________________________ Date: ___________ Tenant’s Signature: ____________________________________ Date: ___________
This Office Rental Agreement is hereby accepted by both parties and shall be binding upon them as of the date first above written.
[Include space for Notary acknowledgment if required by local law.]
[Notary Public Name] [Notary Public Commission Expiration Date] [Notary Public Address]
Please ensure that both parties thoroughly read and understand the terms and conditions of the agreement before signing. It is advisable to seek legal counsel or consult with a real estate attorney to ensure that the agreement complies with all applicable laws and protects the interests of both parties.