The Washington Sample Basic Commercial Lease Agreement is a legally binding document used to outline the terms and conditions between a landlord and tenant in a commercial property located in Washington state. This agreement ensures a smooth and transparent relationship throughout the lease duration. It encompasses various aspects, including the property details, lease duration, rent payment, maintenance responsibilities, and more. The Washington Sample Basic Commercial Lease Agreement typically includes the following: 1. Parties involved: This section identifies the landlord, tenant, and any authorized representatives involved in the lease agreement. 2. Property description: It provides a detailed description of the commercial property, including its address, suite or unit number, and any specific details distinguishing it from other properties. 3. Lease term: This section defines the lease duration, specifying the start date and end date of the lease. It may also include provisions for potential lease extensions or renewals. 4. Rent payment: The agreement outlines the agreed-upon rent amount, due date, and any late payment penalties or grace period allowed. It may also include information about any additional fees, such as utilities or maintenance costs. 5. Security deposit: This section defines the amount of the security deposit required by the landlord, along with any conditions for its return at the end of the lease term. 6. Maintenance and repairs: It specifies the responsibilities of both the landlord and tenant regarding property maintenance, repairs, and who should bear the costs. This section may also include guidelines for alterations or improvements to the property. 7. Use of premises: This clause defines the permitted use of the commercial space by the tenant, ensuring compliance with zoning regulations or other restrictions imposed by the authorities. It may also contain any limitations regarding noise, hazardous materials, or other potentially disruptive activities. 8. Insurance and liability: This section outlines the required insurance coverage for the tenant, such as general liability insurance, and clarifies the respective liabilities of the landlord and tenant for any damages or accidents that may occur on the premises. 9. Termination and default: It defines the conditions under which the lease may be terminated, including breach of contract, non-payment of rent, or violation of any terms specified in the agreement. It may also include provisions for notice periods and remedies for resolving disputes. Different types or variations of the Washington Sample Basic Commercial Lease Agreement include sublease agreements, ground lease agreements, triple net lease agreements, percentage rent lease agreements, and build-to-suit lease agreements. Each type caters to specific commercial leasing scenarios, allowing for customization to meet the unique needs of the parties involved. It is crucial for landlords and tenants in Washington state to carefully review and understand the terms and conditions outlined in the Washington Sample Basic Commercial Lease Agreement before signing to ensure a mutually beneficial and legally sound agreement between both parties. It is always advisable to seek legal counsel when drafting or entering into a commercial lease agreement.
Washington Sample Basic Commercial Lease Agreement
Category:
State:
Multi-State
Control #:
US-0784-WG
Format:
Word;
Rich Text
Instant download
Description
This commercial lease form is a detailed written agreement for the rental by a tenant of commercial property owned by the landlord. Commercial property differs from residential property in that the property's primary or only use is commercial (business oriented), rather than serving as a residence. Commercial leases are often more complex than residential leases, have longer lease terms, and may provide for the rental price to be tied to the tenant business's profitability or other factors, rather than a uniform monthly payment (though this is also quite ordinary in commercial leases).
The Washington Sample Basic Commercial Lease Agreement is a legally binding document used to outline the terms and conditions between a landlord and tenant in a commercial property located in Washington state. This agreement ensures a smooth and transparent relationship throughout the lease duration. It encompasses various aspects, including the property details, lease duration, rent payment, maintenance responsibilities, and more. The Washington Sample Basic Commercial Lease Agreement typically includes the following: 1. Parties involved: This section identifies the landlord, tenant, and any authorized representatives involved in the lease agreement. 2. Property description: It provides a detailed description of the commercial property, including its address, suite or unit number, and any specific details distinguishing it from other properties. 3. Lease term: This section defines the lease duration, specifying the start date and end date of the lease. It may also include provisions for potential lease extensions or renewals. 4. Rent payment: The agreement outlines the agreed-upon rent amount, due date, and any late payment penalties or grace period allowed. It may also include information about any additional fees, such as utilities or maintenance costs. 5. Security deposit: This section defines the amount of the security deposit required by the landlord, along with any conditions for its return at the end of the lease term. 6. Maintenance and repairs: It specifies the responsibilities of both the landlord and tenant regarding property maintenance, repairs, and who should bear the costs. This section may also include guidelines for alterations or improvements to the property. 7. Use of premises: This clause defines the permitted use of the commercial space by the tenant, ensuring compliance with zoning regulations or other restrictions imposed by the authorities. It may also contain any limitations regarding noise, hazardous materials, or other potentially disruptive activities. 8. Insurance and liability: This section outlines the required insurance coverage for the tenant, such as general liability insurance, and clarifies the respective liabilities of the landlord and tenant for any damages or accidents that may occur on the premises. 9. Termination and default: It defines the conditions under which the lease may be terminated, including breach of contract, non-payment of rent, or violation of any terms specified in the agreement. It may also include provisions for notice periods and remedies for resolving disputes. Different types or variations of the Washington Sample Basic Commercial Lease Agreement include sublease agreements, ground lease agreements, triple net lease agreements, percentage rent lease agreements, and build-to-suit lease agreements. Each type caters to specific commercial leasing scenarios, allowing for customization to meet the unique needs of the parties involved. It is crucial for landlords and tenants in Washington state to carefully review and understand the terms and conditions outlined in the Washington Sample Basic Commercial Lease Agreement before signing to ensure a mutually beneficial and legally sound agreement between both parties. It is always advisable to seek legal counsel when drafting or entering into a commercial lease agreement.
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