Updated on August 15, 2023
The Arizona commercial lease agreement is a legal contract that sets the terms for a business entity to rent a commercial property from a landlord. This document is crucial for outlining the rights and responsibilities of both parties, ensuring a smooth rental process.
Lease Terms and Financials
Insurance and Expenses
Default, Alterations, and Governing Law
Overview of this Lease
- Premises and Rentable Space (Page 1): The agreement clearly identifies the leased property and the total rentable space.
- Permitted Uses (Page 1): The agreement outlines the lessee’s permitted property uses.
- Initial Term and Monthly Rent (Page 1): The initial term of the lease and the monthly rent amount are specified.
- Security Deposit and Late Fees (Page 2): The security deposit and late fee conditions are detailed.
- Renewal Options and Upfront Payment (Page 2): The agreement outlines the options for lease renewal and the requirements for upfront payment.
- Assignment and Subletting (Page 5): The agreement restricts the lessee from assigning, transferring, or encumbering the agreement or subleasing the premises without the lessor’s prior written consent.
- Toxic or Hazardous Materials (Page 6): The agreement restricts the lessee from storing, using, or disposing of any toxic or hazardous materials in, on, or about the premises without the prior written consent of the lessor.
- Condition of Premises (Page 6): The agreement requires the lessee to surrender the premises in the same condition as existed at the time of the commencement of the term, reasonable wear and tear excepted.
- Default and Remedies (Page 9): The agreement outlines the conditions under which the lessee would be in default and the remedies available to the lessor.
- Signatures (Page 10): The agreement requires the signatures of both the lessor and the lessee, indicating their acceptance of the terms and conditions of the lease. The signatures may be notarized for added legal protection.