How to Draft a Simple Commercial Lease Agreement

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Presentation Description

A simple commercial lease agreement is just like any other auxiliary lease, whether the document is drafted for home, flat, car or any equipment.

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Presentation Transcript

How to Draft a Simple Commercial Lease Agreement?:

How to Draft a Simple Commercial Lease Agreement?

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A commercial lease agreement is a contract signed between a landlord and his tenant, specifying the details of their relationship. Find out how to draft such an agreement, and the specifics to include therein.   Name and signature The contract needs to mention the name and location or address of the less or and the lessee. It should also have the signature of both of them, mentioned at the end section that defies the involvement of one with the other. It should also include the date when the agreement is to be implemented, or when it will come into effect.

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Subject of the agreement The subject of the building lease agreement should be specified as well, where mention must be made of the following: Payment time Payment delivery date Mode of payment Lease amount Location and details of the leased property Various other conditions should also be included, and you have to specify whether these are for the short or the long term.

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Conditions for property safeguarding You should also include various conditions that can keep your rented property protected, if the terms are violated by either party. The conditions mentioned in the free commercial lease agreement should include : Liquidated damages Insurance Warranties Cancellation clauses Indemnifications

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If you are drafting an agreement for specific time period, the termination clause should be included as well. Including this clause will assist both parties in ending the lease contract before the real date when the agreement comes to an end. Please visit this site to ​​get a sample commercial lease agreement in Maine.

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