Utah Checklist of Matters to be Considered in Drafting a Lease of a Commercial Building: 1. Overview of the Commercial Building Lease: — Clearly define the parties involved in the lease agreement, i.e., landlord and tenant. — Include the effective date and term of the lease. — Specify the purpose of the lease (e.g., retail, office, industrial). 2. Premises Description: — Provide a detailed description of the rented space, including size, floor plan, and specific location within the building. — Address any specific amenities or features included in the lease (e.g., parking spaces, signage rights). 3. Rental Payments: — Clearly outline the amount of rent, payment frequency, and due dates. — Specify any penalties for late payment or bounced checks. — Consider including provisions for rent adjustments, such as annual increases or consumer price index (CPI) adjustments. 4. Security Deposit and Additional Fees: — Determine the amount of the security deposit required. — Indicate the conditions under which the security deposit may be withheld. — If applicable, outline any additional fees or charges, such as parking fees, common area maintenance (CAM) fees, or utility costs. 5. Maintenance and Repairs: — Specify the responsibilities of both the landlord and the tenant regarding maintenance and repairs. — Outline procedures for reporting and addressing maintenance issues. — Consider including provisions for regular inspections and preventive maintenance. 6. Tenant Improvements: — Address any obligations of the landlord to make improvements or modifications to the premises before or during the lease term. — Determine the scope of tenant improvements that the tenant is authorized to undertake. — Clearly outline the responsibilities and financial arrangements for any tenant improvements. 7. Use Restrictions and Prohibited Activities: — Specify the permitted use(s) of the premises. — State any activities that are prohibited within the leased space. — Address whether subleasing or assignment of the lease is permitted. 8. Insurance: — Determine the required insurance coverage for both the landlord and the tenant. — Specify if the tenant is required to carry general liability insurance and/or property insurance on their contents. — Address the obligation to provide proof of insurance and any required indemnification clauses. 9. Default and Termination: — Clearly outline the conditions that would constitute default by either party. — Specify any remedial actions that may be taken before termination. — Address the process for terminating the lease and any associated penalties or fees. 10. Miscellaneous Clauses: — Include any additional clauses that may be relevant, such as force majeure, dispute resolution, or choice of law. — Ensure compliance with relevant federal, state, and local laws governing commercial leasing within Utah. Types of Utah Checklists for Drafting a Commercial Building Lease: — Utah Retail Building LeasChecklistis— - Utah Office Building Lease Checklist — Utah Industrial Building Lease Checklist — Utah Mixed-Use Building Lease Checklist These checklists may have specific additional considerations based on the nature of the commercial building being leased.
Utah Checklist of Matters to be Considered in Drafting a Lease of a Commercial Building: 1. Overview of the Commercial Building Lease: — Clearly define the parties involved in the lease agreement, i.e., landlord and tenant. — Include the effective date and term of the lease. — Specify the purpose of the lease (e.g., retail, office, industrial). 2. Premises Description: — Provide a detailed description of the rented space, including size, floor plan, and specific location within the building. — Address any specific amenities or features included in the lease (e.g., parking spaces, signage rights). 3. Rental Payments: — Clearly outline the amount of rent, payment frequency, and due dates. — Specify any penalties for late payment or bounced checks. — Consider including provisions for rent adjustments, such as annual increases or consumer price index (CPI) adjustments. 4. Security Deposit and Additional Fees: — Determine the amount of the security deposit required. — Indicate the conditions under which the security deposit may be withheld. — If applicable, outline any additional fees or charges, such as parking fees, common area maintenance (CAM) fees, or utility costs. 5. Maintenance and Repairs: — Specify the responsibilities of both the landlord and the tenant regarding maintenance and repairs. — Outline procedures for reporting and addressing maintenance issues. — Consider including provisions for regular inspections and preventive maintenance. 6. Tenant Improvements: — Address any obligations of the landlord to make improvements or modifications to the premises before or during the lease term. — Determine the scope of tenant improvements that the tenant is authorized to undertake. — Clearly outline the responsibilities and financial arrangements for any tenant improvements. 7. Use Restrictions and Prohibited Activities: — Specify the permitted use(s) of the premises. — State any activities that are prohibited within the leased space. — Address whether subleasing or assignment of the lease is permitted. 8. Insurance: — Determine the required insurance coverage for both the landlord and the tenant. — Specify if the tenant is required to carry general liability insurance and/or property insurance on their contents. — Address the obligation to provide proof of insurance and any required indemnification clauses. 9. Default and Termination: — Clearly outline the conditions that would constitute default by either party. — Specify any remedial actions that may be taken before termination. — Address the process for terminating the lease and any associated penalties or fees. 10. Miscellaneous Clauses: — Include any additional clauses that may be relevant, such as force majeure, dispute resolution, or choice of law. — Ensure compliance with relevant federal, state, and local laws governing commercial leasing within Utah. Types of Utah Checklists for Drafting a Commercial Building Lease: — Utah Retail Building LeasChecklistis— - Utah Office Building Lease Checklist — Utah Industrial Building Lease Checklist — Utah Mixed-Use Building Lease Checklist These checklists may have specific additional considerations based on the nature of the commercial building being leased.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
