Commercial Lease Agreement
State of Texas
Parties & Premises
Identify the landlord, business tenant, and the leased property.
Commercial Lease Agreement — State of Texas
State of Texas
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 Texas Property Code Section 93.005, Landlord shall refund the security deposit to Tenant not later than the sixtieth (60th) day after the date Tenant moves out and provides a written forwarding address.
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 & LOCKOUT RIGHTS: In accordance with Texas Property Code Section 93.002, if Tenant defaults in the payment of rent or abandons the Premises, Landlord may change the door locks of the Premises. Landlord must post a written notice on the front door stating the name and address of the individual from whom the key may be obtained, and the key shall only be provided during regular business hours upon payment of delinquent rent. Landlord's remedies shall strictly follow Section 93.002.
GOVERNING LAW & INTEGRATION
GOVERNING LAW: This Lease shall be governed by, and construed in accordance with, the laws of the State of Texas. Any disputes arising under this Lease shall be resolved in the courts of Texas.
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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