Date : 2023-09-01 16:55:42

Property : [your name [your address [city state zip code [email address [phone number [date [owners name [owners address [city state zip code dear [owners name commercial space rental agreement this commercial space rental agreement agreement is made and entered into on [date between the undersigned owner [owners name hereinafter referred to as the owner and [partys name a business entity duly registered and operating under the laws of [state/country having its principal place of business at [partys address hereinafter referred to as the tenant recitals whereas the owner is the lawful owner of the commercial property located at [property address hereinafter referred to as the premises and whereas the tenant desires to lease the premises from the owner for commercial purposes and whereas the owner is willing to lease the premises to the tenant subject to the terms and conditions set forth in this agreement now therefore in consideration of the mutual covenants and agreements contained herein the parties hereby agree as follows 1 term of agreement the term of this agreement shall be for [duration of the lease eg 3 years commencing from [commencement date and ending on [end date the tenant shall have the option to renew the lease for an additional term as price mutual agreement 2 permitted use the tenant shall use the premises solely for [describe the permitted commercial activities eg retail store office space etc and shall comply with all laws regulations and zoning ordinances related to the specific use 3 rent amount and payment the tenant agrees to pay a monthly rent of [rent amount to the owner rent shall be payable in advance on or before the [due date starting from the commencement of this agreement 4 security deposit the tenant agrees to deposit an amount of [security deposit amount as a security deposit with the owner upon signing this agreement the security deposit will be held by the owner as security against any damages to the premises or any breach of the terms of this agreement 5 utilities the tenant shall be responsible for the payment of all utilities and services consumed during the tenancy period including but not limited to electricity water gas internet and cable 6 maintenance and repairs the owner shall be responsible for maintaining the structural integrity of the premises including major repairs the tenant shall promptly notify the owner of any necessary repairs or maintenance issues 7 alterations and improvements the tenant shall not make any structural alterations or improvements to the premises without obtaining prior written consent from the owner any approved alterations or improvements shall become the property of the owner upon termination of this agreement 8 insurance the tenant shall maintain comprehensive liability insurance covering its business operations on the premises the tenant shall provide the owner with a certificate of insurance before commencing operations 9 subletting the tenant shall not sublet or assign the premises or any part thereof without the prior written consent of the owner 10 termination of agreement either party may terminate this agreement by giving [notice period eg 90 days written notice to the other party in the event of termination the tenant shall vacate the premises leaving them in a clean and satisfactory condition 11 governing law this agreement shall be governed by and construed in accordance with the laws of [state/country in witness whereof the parties hereto have executed this commercial space rental agreement as of the date first above written owners signature ___________________________ date ______________ [owners name tenants signature ___________________________ date ______________ [partys name witness signature ___________________________ date ______________ [witnesss name [note make sure to have the agreement signed by both parties and a witness legal advice may be sought to ensure compliance with local laws and regulations regarding commercial leases

Mobile : 917879592174

City Indore