Maricopa Arizona Commercial Lease Agreement for Building to be Erected by Lessor

• Category: Landlord Tenant - Commercial Leases
• State: Multi-State
• County: Maricopa
• Control #: US-0483BG
• Format: Word; Rich Text

Description

A build-to-suit lease has various definitions. The simplest definition is any lease that references some construction to meet the tenant's requirements. This construction can range from adding minor tenant finish items to a general business office to the Maricopa Arizona Commercial Lease Agreement for Building to be Erected by Lessor is a legal document that outlines the terms and conditions between a lessor (the property owner or landlord) and a lessee (the tenant or business) regarding the lease of a commercial building that has yet to be constructed. This type of lease agreement is relevant for businesses and individuals looking to lease space in Maricopa, Arizona, specifically for a building that will be erected by the lessor. It is a suitable option for those who want a customized building tailored to their specific requirements, rather than leasing an existing commercial property. The Maricopa Arizona Commercial Lease Agreement for Building to be Erected by Lessor typically includes the following key elements: 1. Parties involved: It clearly identifies the lessor and lessee, including their legal names and contact information. 2. Description of the property: The agreement provides a detailed description of the location and dimensions of the land or plot where the commercial building will be constructed. 3. Construction obligations: It specifies the responsibilities of the lessor regarding the design, construction, and completion of the building according to predetermined specifications or architectural plans. 4. Lease term: The agreement states the duration of the lease, including the start and end dates. It may also include provisions for renewal or termination. 5. Rent and payment terms: It outlines the monthly or periodic rent amount, the payment due date, and acceptable payment methods. It may also detail any security deposit or upfront fees required by the lessor. 6. Permitted use: This section specifies the permitted use of the building and any restrictions or limitations on activities that can be conducted on the premises. 7. Maintenance and repairs: The responsibilities for building maintenance, repairs, and utility expenses are clearly stated, defining who is responsible for what aspects of upkeep. 8. Insurance and liabilities: The agreement defines the insurance requirements for both parties and clarifies who bears the responsibility in case of any damages or accidents on the property. 9. Default and remedies: This section outlines the actions that can be taken in case of default or breach of any terms, including the right to terminate the lease, seek damages, or pursue legal action. Different types of Maricopa Arizona Commercial Lease Agreement for Building to be Erected by Lessor may include variations in terms, such as lease durations, rent amounts, specific permitted uses, and any additional clauses or provisions tailored to suit the unique requirements of both the lessor and lessee.

Maricopa Arizona Commercial Lease Agreement for Building to be Erected by Lessor is a legal document that outlines the terms and conditions between a lessor (the property owner or landlord) and a lessee (the tenant or business) regarding the lease of a commercial building that has yet to be constructed. This type of lease agreement is relevant for businesses and individuals looking to lease space in Maricopa, Arizona, specifically for a building that will be erected by the lessor. It is a suitable option for those who want a customized building tailored to their specific requirements, rather than leasing an existing commercial property. The Maricopa Arizona Commercial Lease Agreement for Building to be Erected by Lessor typically includes the following key elements: 1. Parties involved: It clearly identifies the lessor and lessee, including their legal names and contact information. 2. Description of the property: The agreement provides a detailed description of the location and dimensions of the land or plot where the commercial building will be constructed. 3. Construction obligations: It specifies the responsibilities of the lessor regarding the design, construction, and completion of the building according to predetermined specifications or architectural plans. 4. Lease term: The agreement states the duration of the lease, including the start and end dates. It may also include provisions for renewal or termination. 5. Rent and payment terms: It outlines the monthly or periodic rent amount, the payment due date, and acceptable payment methods. It may also detail any security deposit or upfront fees required by the lessor. 6. Permitted use: This section specifies the permitted use of the building and any restrictions or limitations on activities that can be conducted on the premises. 7. Maintenance and repairs: The responsibilities for building maintenance, repairs, and utility expenses are clearly stated, defining who is responsible for what aspects of upkeep. 8. Insurance and liabilities: The agreement defines the insurance requirements for both parties and clarifies who bears the responsibility in case of any damages or accidents on the property. 9. Default and remedies: This section outlines the actions that can be taken in case of default or breach of any terms, including the right to terminate the lease, seek damages, or pursue legal action. Different types of Maricopa Arizona Commercial Lease Agreement for Building to be Erected by Lessor may include variations in terms, such as lease durations, rent amounts, specific permitted uses, and any additional clauses or provisions tailored to suit the unique requirements of both the lessor and lessee.