Commercial Lease Agreement
State of Florida
Parties & Premises
Identify the landlord, business tenant, and the leased property.
Commercial Lease Agreement — State of Florida
State of Florida
PARTIES & DESCRIPTION OF PREMISES
This Commercial Lease Agreement ("Lease") is made and entered into as of the start date of execution, by and between [landlord_name] ("Landlord"), having an address at [landlord_address], and [tenant_name] ("Tenant"), having an address at [tenant_address]. Landlord hereby leases to Tenant the commercial premises located at [premises_address], containing approximately [premises_sqft] square feet ("Premises").
LEASE TERM & COMMENCEMENT
TERM: The term of this Lease shall be for [lease_term_months] months, commencing on [start_date] and ending on the final day of the term, unless terminated earlier in accordance with the provisions of this Lease.
BASE RENT & SECURITY DEPOSIT
RENT: Tenant shall pay to Landlord base monthly rent of [base_rent_monthly]. Rent payments shall be due on the first day of each calendar month, without demand or set-off. On each annual anniversary of the commencement date, the base monthly rent shall increase by [rent_escalation_pct]% of the base rent in effect immediately prior to such anniversary.
SECURITY DEPOSIT: Tenant shall deposit with Landlord the sum of [security_deposit] as a security deposit for the performance of Tenant's obligations under this Lease. In accordance with Florida Statutes Section 83.49, Landlord shall notify Tenant in writing of the banking institution holding the security deposit within thirty (30) days of receipt.
LEASE TYPE & EXPENSE ALLOCATION
LEASE EXPENSES (GROSS): This is a Gross Lease. Landlord shall be responsible for paying all real estate taxes, property insurance, and common area maintenance (CAM) costs associated with the Premises. Tenant shall pay only base rent and personal utility consumption.
ALTERATIONS & FIT-OUTS
ALTERATIONS: Tenant shall make no physical alterations, structural changes, or additions to the Premises without obtaining the prior written consent of the Landlord.
DEFAULT & LANDLORD REMEDIES
LANDLORD REMEDIES & STATE RENT TAX: In accordance with Florida Statutes Section 212.031, commercial rent payments are subject to Florida commercial sales tax. Tenant agrees to pay all applicable state rent taxes in addition to base rent. If Tenant defaults or holds over, Landlord may recover double the daily rent for holdover tenancies in accordance with Florida Statutes Chapter 83.
GOVERNING LAW & INTEGRATION
GOVERNING LAW: This Lease shall be governed by, and construed in accordance with, the laws of the State of Florida. Any disputes arising under this Lease shall be resolved in the courts of Florida.
This Lease constitutes the entire agreement between the parties and overrides all prior oral or written negotiations.
Signatures
Landlord: [landlord_name]
Date: ________________
Tenant: [tenant_name]
Date: ________________
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