New York Commercial Lease Agreement Template
This Commercial Lease Agreement ("Agreement") is entered into by and between ___________ ("Landlord") and ___________ ("Tenant") and is governed by the laws of the State of New York. The premises leased under this Agreement are located at ___________, New York ("Premises").
Lease Terms
The lease term shall commence on ___________ and shall terminate on ___________, unless sooner terminated pursuant to any provision herein. The Tenant agrees to pay a monthly rent of $___________ due on the first day of each month during the term of this Agreement.
Security Deposit
The Tenant shall deposit with the Landlord upon execution of this Agreement a security deposit of $___________, to be held and refunded under the conditions outlined in New York State laws.
Use of Premises
The Premises are to be used solely for commercial purposes, specifically ___________. Any alteration or modification to the premise requires the Landlord's written consent.
Utilities and Services
It is agreed that the Tenant will be responsible for all utilities and services incurred in relation to the use of the Premises unless otherwise indicated herein:
- Electricity
- Water
- Gas
- Trash Removal
- Other: ___________
Maintenance and Repairs
The Tenant shall maintain the Premises in good condition and will be responsible for any damage caused by their negligence or willful act. The Landlord is responsible for structural repairs unless damage is caused by Tenant’s negligence.
Insurance
The Tenant agrees to maintain, at their own expense, a comprehensive general liability insurance policy covering the Premises for the term of this lease.
Subletting and Assignment
Subletting or assignment of the lease is prohibited without the Landlord’s prior written consent, which shall not be unreasonably withheld.
Termination and Renewal
Upon termination of this lease, the Tenant agrees to promptly return the Premises to the Landlord in the same condition as at the beginning of the lease, reasonable wear and tear excepted. Provisions for renewal of this lease include ___________.
Binding Effect
This Agreement shall bind and inure to the benefit of the parties hereto and their respective heirs, successors, and assigns.
Signatures
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
Landlord: _________________
Tenant: _________________
Notices
All notices under this Agreement shall be in writing and shall be sent to the respective addresses of the Landlord and Tenant provided herein, or to such other addresses as either party may later provide by written notice.
Addendum
Any additional terms and conditions must be attached as an addendum to this Agreement and are hereby incorporated by reference.