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In the vibrant business landscape of North Carolina, securing the right space for your commercial venture is crucial. A Commercial Lease Agreement serves as a vital tool in this process, outlining the terms and conditions that govern the relationship between landlords and tenants. This legally binding document typically includes key elements such as the lease duration, rental amount, and payment schedule, ensuring both parties are clear on their obligations. Additionally, it addresses important aspects like maintenance responsibilities, property use restrictions, and provisions for renewing or terminating the lease. By understanding the intricacies of the North Carolina Commercial Lease Agreement, business owners can protect their interests while fostering a positive relationship with their landlords. This comprehensive agreement not only sets the stage for a successful tenancy but also helps to prevent misunderstandings that could lead to disputes down the line.

Sample - North Carolina Commercial Lease Agreement Form

North Carolina Commercial Lease Agreement Template

This North Carolina Commercial Lease Agreement (hereinafter referred to as the "Agreement") is made and entered into this ______ [day] of ______ [month], ______[year], by and between ______ [Landlord's Name], hereinafter referred to as the "Landlord," and ______ [Tenant's Name], hereinafter referred to as the "Tenant." The premises to be leased is located at ______ [Complete Address of Leased Property], hereinafter referred to as the "Premises."

The parties agree as follows:

  1. Lease Term: The lease term shall commence on ______ [Start Date] and shall terminate on ______ [End Date], unless sooner terminated pursuant to any provision hereof.
  2. Rent: The Tenant agrees to pay the Landlord ______ [Amount] per month as rent, payable on the ______ [Day] of each month. The first month's rent is due upon signing this Agreement.
  3. Security Deposit: The Tenant will provide a security deposit of ______ [Amount], to be held by the Landlord for the duration of the lease term as security for the Tenant's compliance with the terms of this Agreement.
  4. Permitted Use: The Premises shall be used solely for ______ [Describe Permitted Use], and for no other purpose without the prior written consent of the Landlord.
  5. Maintenance and Repairs: The Tenant shall maintain the Premises in good condition and shall make all necessary repairs, except for those that are the responsibility of the Landlord under applicable law or as described in this Agreement.
  6. Utilities: Utility charges for the Premises shall be paid by ______ [Landlord or Tenant], except as specifically enumerated in this Agreement or annexed schedules.
  7. Alterations: No alterations, additions, or improvements will be made by the Tenant without the prior written consent of the Landlord.
  8. Insurance: The Tenant agrees to maintain insurance coverage satisfactory to the Landlord for the duration of the lease term.
  9. Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of North Carolina.
  10. Entire Agreement: This document embodies the entire agreement between the Landlord and the Tenant. Any modifications to this Agreement must be made in writing and signed by both parties.

IN WITNESS WHEREOF, the parties hereunto have set their hands and seals or caused these presents to be signed by their duly authorized officers the day and year first above written.

Landlord's Signature: ___________________________

Tenant's Signature: ____________________________

Date: ______ [Date]

⇩ Commercial Lease Agreement PDF Form

File Specs

Fact Name Description
Governing Law The North Carolina Commercial Lease Agreement is governed by North Carolina General Statutes, specifically Chapter 42, which pertains to landlord-tenant relationships.
Parties Involved The agreement typically involves two primary parties: the landlord (lessor) and the tenant (lessee), both of whom must be clearly identified in the document.
Property Description A detailed description of the leased property is essential. This includes the address and any specific features or limitations of the space being rented.
Lease Term The lease term specifies the duration of the lease, which can range from months to several years, depending on the agreement between the parties.
Rent Payment The agreement must outline the amount of rent due, the payment schedule, and acceptable methods of payment, ensuring clarity for both parties.
Security Deposit It is common for landlords to require a security deposit, which should be explicitly stated in the lease, including the amount and conditions for its return.
Maintenance Responsibilities The lease should clearly define the responsibilities for property maintenance and repairs, indicating which party is responsible for various aspects of upkeep.
Termination Conditions Conditions under which the lease can be terminated by either party must be outlined, including notice requirements and any penalties for early termination.
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