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Real Estate

Commercial Lease Agreement

Governs the rental of commercial property for business purposes, with specific provisions for rent escalation, build-out, and use restrictions.

Overview

Governs the rental of commercial property for business purposes, with specific provisions for rent escalation, build-out, and use restrictions.

  • Multi-Jurisdiction Support
  • Draft in Minutes
  • AI-Assisted Drafting

Who Needs This Document?

Business owners leasing office, retail, or industrial space, commercial landlords, and property developers.

When Do You Need This?

Needed when a business rents commercial space for offices, retail, or industrial operations. Typically involves more complex terms than residential leases.

Key Provisions

A well-drafted document should include the following essential provisions:

  • Rent structure (gross, net, triple net) and escalation clauses
  • Permitted use restrictions and zoning compliance
  • Tenant improvements, build-out allowances, and restoration obligations
  • Assignment, subletting rights, and co-tenancy clauses

This document, by jurisdiction

What the law actually requires in each market, with a link to the governing instrument under every statement.

Sources last checked .

Frequently Asked Questions

What is the difference between gross, net, and triple net commercial rent?
Under a gross lease, the tenant pays a flat rent and the landlord covers property expenses like taxes, insurance, and maintenance. A net lease shifts some of those costs to the tenant, and a triple net lease shifts nearly all of them, taxes, insurance, and maintenance, onto the tenant on top of base rent. Triple net structures are common in retail and standalone commercial buildings.
Who pays for tenant improvements to a commercial space?
Landlords often provide a tenant improvement allowance, a set amount toward build-out costs like flooring, fixtures, or partition walls, with the tenant covering anything beyond that allowance. The lease should also address what happens to those improvements at the end of the term, since landlords sometimes require the tenant to restore the space to its original condition.
Can a commercial tenant assign or sublet its lease to another business?
Only with the landlord's consent in most cases, and commercial leases typically specify whether that consent can be unreasonably withheld or must be granted for a qualified replacement tenant. This matters most for businesses that might need to relocate, downsize, or exit before the lease term ends, since being locked into a long-term lease with no assignment rights limits their flexibility.

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