Anyone care to share their template for commercial lease agreements?
Just curious to see how others structure their commercial lease agreements.
It's always interesting to see unusual clauses (that might save you alot of money/headaches someday)
[{"id": "dscspef", "text": "I would recommend your client consult a local real estate attorney.", "replies": [], "depth": 1}, {"id": "dsdb2hj", "text": "You really can't have a template, per se. Each deal is somewhat unique. ", "replies": [{"id": "dsde0hj", "text": "Huh? Most of a lease is boilerplate. My local commercial brokers association provides several different lease templates (single vs multi tenant, gross vs triple net, etc. The only reason I'm not sharing them with OP is because they're copyrighted and not my property unfortunately. ", "replies": [{"id": "dseg2my", "text": "It's always boilerplate until you walk into a courtroom...", "replies": [], "depth": 3}, {"id": "dsnzr47", "text": "How much experience do you have leasing? Each use will demand different language. You need to retain local counsel. ", "replies": [{"id": "dso1rob", "text": "&gt;You need to retain local counsel. \n\nObviously. But that's not at all what OP was asking for now is it? They were interested in looking at lease templates in order to see any \"unusual clauses\" people use. All leases start off with the same boilerplate that is used in every lease and then  it's modified for each specific situation (or as you put it \"each use will demand different language\").However, despite each use needing different language there is still a huge amount of commonality between leases, regardless of use. I think that's a well understood concept. ", "replies": [], "depth": 4}], "depth": 3}, {"id": "dsreuzs", "text": "Disagree. While their may be similar clauses, most will have many templates to start from based on the specifics of the deal. Is it a retail condo or a multi-floor office building? Is there buildout? How sophisticated are the parties involved? I've seen a 3 page lease or a 60 page lease - it just depends on the situation. Using either for the other type of deal just wouldn't work.", "replies": [{"id": "dsrgg0i", "text": "Of course, using multiple templates for various leasing situations is the norm! I've never met a single broker in my entire career that writes each new lease completely from scratch. Because why would anyone do that when a lot of the language in a lease is the same from lease to lease? Instead you start off with a template that you then modify to fit the particular situation. \n \nAll you did was rephrase what I said from this:\n\n&gt;provides several different lease templates (single vs multi tenant, gross vs triple net, etc.\n\nTo this:\n&gt;most will have many templates to start from based on the specifics of the deal.", "replies": [{"id": "dsxr28p", "text": "I've never met a broker that writes the lease at all, because they aren't lawyers.... which is what this thread is telling you", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "dsi23yx", "text": "Different cities different leases. Things are different everywhere. \nGet a local attorney.", "replies": [], "depth": 1}, {"id": "dsss1jf", "text": "I manage a condominium property which is majority residential with 4 commercial units and I literally just had this conversation with one of the commercial owners, who in still in the early stages of leasing out one of his commercial units. \n\nLeases are very unique and specific to the situation. The owner I was discussing with had every intention of entering into a gross (full service) lease, to which I explained to him that it may not be within his best interest, as commercial leases even for a commercial condominium office space can get quite complex. The purpose being to protect to best interests of landlord and the tenant. The more specific the lease clauses and terms, the better prepared the parties will be should there be any misunderstandings, or disputes.\n\nPrime example I gave him was I explained the relationship of rent with respect to certain lease clauses. He had it in his mind to charge $1200 per month as recommended by his listing agent. Bare in mind thats about $400 less than the rental rate of residential efficiency units on my property. I told him, \"Ask the agent for the rental rate per sqft of commercial compareables in our area, for similar offices, and start there. Then fire that fucker because he's full of shit. He's not looking to work for your best interest he's interested in renting it out quickly and collecting his fee. Get rid of him.\"\n\nI took his $1200 per month rental he was willing to accept and went on to explain rent abatement, build out allowance, stepped rent, and holdover. Then I helped him calculated the adjusted rent. Those are the simple common clauses we routinely see. \n\nI printed him out [this reddit post that I responded to](https://www.reddit.com/r/CommercialRealEstate/comments/78bmzk/commercial_lease_vs_residential_leasedifferences/), told him research the clauses in my response, and reach out to a real estate attorney, and then make an informed decision, because there is just way to much on the line and you really don't want to learn the hard way, with 2 or 3 more years left, on a 5 year lease agreement.\n\nIt is one of those things, you really need to address on an individual basis.", "replies": [], "depth": 1}]