Simple Month to Month Commercial Lease Agreement
When it comes to leasing commercial space, it`s important to have a solid agreement in place to protect both the landlord and the tenant. In many cases, a month-to-month lease agreement can be a great option for small businesses or startups that may not be ready to commit to a longer-term lease.
A simple month-to-month commercial lease agreement provides the flexibility that many businesses need, while still ensuring that both parties are on the same page. Here are some key elements that should be included in such an agreement:
1. The parties involved: The lease agreement should clearly identify both the landlord and the tenant, including their names and addresses.
2. The property: The lease should describe the commercial property being leased, including its address, square footage, and any specific features or amenities included.
3. Lease term: The lease should specify that it is a month-to-month agreement, with the option to renew on a monthly basis.
4. Rent amount: The monthly rent should be clearly stated, along with any late payment fees or penalties for bounced checks.
5. Security deposit: The lease should specify the amount of the security deposit required, and outline the terms under which it will be returned to the tenant.
6. Maintenance and repairs: The lease should outline the responsibilities of both the landlord and the tenant when it comes to maintaining and repairing the property.
7. Utilities and services: The lease should specify which utilities and services (such as water, electricity, and internet) are included in the rent, and which are the responsibility of the tenant.
8. Use of the property: The lease should outline any restrictions on how the property may be used, and what types of activities are prohibited.
9. Termination: The lease should specify how either party can terminate the agreement, including any notice requirements.
By including these elements in a simple month-to-month commercial lease agreement, both the landlord and the tenant can ensure that they are on the same page and protected in case of any disputes. As always, it`s important to have any legal document reviewed by an attorney before signing.