North Carolina Commercial Lease - Long Form

• Category: Landlord Tenant - Commercial Leases
• State: Multi-State
• Control #: US-00449
• Format: Word; Rich Text

Description

This form is for the lease of commercial property. The lessor and lessee will indemnify and save harmless the other from any and all losses, fines, suits, damages, expenses, claims, demands and actions of any kind resulting from their negligence, breach, or violation or non-performance of any condition of the contract. The North Carolina Commercial Lease — Long Form is a legally binding agreement between a landlord and a tenant for the rental of commercial property in North Carolina. This lease is used specifically for long-term lease agreements, typically lasting several years instead of months. Key terms and provisions included in the North Carolina Commercial Lease — Long Form may include: 1. Premises: A detailed description of the commercial property being leased, including the physical address, square footage, and any additional rented spaces, such as parking lots or storage areas. 2. Lease Term: The length of the lease, including start and end dates. It may also include options for renewal or termination. 3. Rent: The agreed-upon amount of rent to be paid by the tenant, including the frequency of payments (monthly, quarterly, etc.). The lease may also specify any rent increases or escalations during the lease term. 4. Use of Premises: The specific permitted uses of the commercial property, which may be restricted by the landlord based on zoning regulations or other limitations. 5. Maintenance and Repairs: Details the responsibilities of the landlord and tenant regarding maintenance and repairs of the premises, including any maintenance fees or obligations. 6. Insurance: Outlines the insurance requirements for both the landlord and tenant, including property insurance and liability coverage. 7. Utilities: Specifies which party is responsible for paying for utilities such as water, electricity, gas, and trash disposal. 8. Improvements and Alterations: Defines the conditions under which the tenant can make improvements or alterations to the premises and who is responsible for the costs. 9. Default and Remedies: Outlines the consequences and remedies in case of default on rent payments or other lease obligations by either party. 10. Assignment and Subletting: Specifies whether the tenant can assign or sublet the premises to another party and under what conditions. It is important to note that there may be different versions of the North Carolina Commercial Lease — Long Form based on specific requirements or preferences of landlords or tenants. Such variations may include modified clauses, additional terms, or specific addendums related to property-specific features or legal provisions.

The North Carolina Commercial Lease — Long Form is a legally binding agreement between a landlord and a tenant for the rental of commercial property in North Carolina. This lease is used specifically for long-term lease agreements, typically lasting several years instead of months. Key terms and provisions included in the North Carolina Commercial Lease — Long Form may include: 1. Premises: A detailed description of the commercial property being leased, including the physical address, square footage, and any additional rented spaces, such as parking lots or storage areas. 2. Lease Term: The length of the lease, including start and end dates. It may also include options for renewal or termination. 3. Rent: The agreed-upon amount of rent to be paid by the tenant, including the frequency of payments (monthly, quarterly, etc.). The lease may also specify any rent increases or escalations during the lease term. 4. Use of Premises: The specific permitted uses of the commercial property, which may be restricted by the landlord based on zoning regulations or other limitations. 5. Maintenance and Repairs: Details the responsibilities of the landlord and tenant regarding maintenance and repairs of the premises, including any maintenance fees or obligations. 6. Insurance: Outlines the insurance requirements for both the landlord and tenant, including property insurance and liability coverage. 7. Utilities: Specifies which party is responsible for paying for utilities such as water, electricity, gas, and trash disposal. 8. Improvements and Alterations: Defines the conditions under which the tenant can make improvements or alterations to the premises and who is responsible for the costs. 9. Default and Remedies: Outlines the consequences and remedies in case of default on rent payments or other lease obligations by either party. 10. Assignment and Subletting: Specifies whether the tenant can assign or sublet the premises to another party and under what conditions. It is important to note that there may be different versions of the North Carolina Commercial Lease — Long Form based on specific requirements or preferences of landlords or tenants. Such variations may include modified clauses, additional terms, or specific addendums related to property-specific features or legal provisions.