The Florida Commercial Lease Agreements Template provides a Florida landlord with the necessary paperwork for entering a rental arrangement with a commercial entity on their property. A commercial lease must be handled very carefully in the negotiation phase. On the one hand, property owners must make sure they are renting to a law abiding client who will not damage the property and will be able to maintain rent payments regularly. Similarly, commercial entities do not have the same consumer protection that residential entities enjoy.
This type of agreement can be remarkably flexible which affords both parties the opportunity to attain their goals. This does mean, however, that negotiating through such a contract will require honesty and a realistic acknowledgement from both parties on what they expect.
- For instance will there be exclusivity for the commercial tenant to the property?
- Will they be able to sublease?
- Will the landlord act responsibly in making sure the building itself is up to code at all times to avoid unnecessary difficulties in running the business?
These are all questions that must be addressed. Similarly a landlord will need to be assured that for the full term of this agreement, the commercial tenant will obey municipality laws, not alter or damage the property in a way that negatively effects the property owner’s ability to rent after the commercial tenant leaves, and the business and its employees do not create an unpleasant or illegal disturbance on the property.
How to Write
Step 1 – Enter the day, month, and year of the lease agreement in the first paragraph. This should be followed by the full name of the landlord and the full name of the tenant. Then in item 1 under “Description of Property” define the property being leased by entering the address and giving a brief description.
Step 2 – In “Term of Lease,” enter the total number of years and/or months the lease shall be in effect for. Then enter the day, month, and year of the lease’s commencement date and the day, month, and year of the lease’s termination date.
Step 3 – Under “Rental Payments,” in paragraph A, enter the rent amount in language and numerically. Then define the county and the tax rate that must be applied to the rent. This should be followed by the first calendar day the rent is due and the last calendar day the rent is due upon. Paragraph B of this section will require the years that appropriate and legal rent increases may apply.
Step 4 – In the “Security Deposit” section enter the dollar amount of the security deposit required to obtain entrance to this lease.
Step 5 – Item 7 is “Insurance.” This paragraph will define the minimum amount of coverage the commercial tenant must have and what that coverage must include.
Step 6 – The section “Restriction on Use of Subject Property” will require a report on what the business is allowed to do. This will require the type of business occupying the space and the purpose of that business be defined.
Step 7 – It is important that each party be aware of where to send any necessary written notices. This will be reported in the section “Addresses for Written Notice.” First enter the landlord’s notice address then enter the tenant’s notice address.
Step 8 – The bottom of this agreement will require the signature and printed version of that signature from both the landlord and tenant who owns or is legally entitled to represent the commercial entity in this contract agreement.