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Step 10 Write the Commercial Lease Agreement Use an attorney or draft the lease yourself. Make sure to gather all the information about the property and the tenant and enter into the agreement. Once completed, the document should be signed with the tenant and landlord in the presence of a notary public.
The Introduction. The beginning of the lease agreement should contain the name of the landlord and tenant, as well as a statement of the agreement into which they are entering. Rent. Deposit. Taxes. Property Insurance. Utilities and Amenities. Remodeling and Improvements. Repairs and Maintenance.
Single Net Lease, Net Lease: tenant only pays utilities and property tax. Landlord pays maintenance, repairs and insurance. Net-Net, or Double Net Leases: tenant is responsible for only utilities, property taxes and insurance premiums for the building. Landlord pays maintenance & repairs.
Name All Tenants and Occupants in Your Lease or Rental Agreement. Description of Rental Property. The Term of the Tenancy. Rental Price. Rent Security Deposits and Fees. Repair and Maintenance Policies. Landlord Right to Enter to Rental Property.
Signed Generally, states require that commercial leases be signed by the party or parties to be charged. Notarization Some states, like Ohio, require that your commercial lease of three or more years not only be signed, but must be notarized in order to be valid.
Names of the landlord and tenant and/or their agents. Description of the property. Amount of rent and due dates for payment, grace period, late charges. Mode of rent payment. Methods to terminate the agreement prior to the expiration date and charges if any.
Familiarize yourself with your state's laws. Property management and real estate laws differ depending on what state -- and even city -- you live in. Write an explicit and easy-to-understand contract. Include all the stipulations that you require. Include details regarding the deposit. Consult with an attorney.
A landlord can start with a standard lease and modify it to meet any special needs. If you decide to write your own lease make sure you include a clause that states if any condition is not legal, that the rest of the lease is still in effect.

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