The California commercial lease agreement-gross single tenant is a legal document that binds a landlord and a tenant for commercial premises. It has outlined obligations and provisions for both the landlord and the tenant as stated by the California state laws. For example, the landlord is expected to take responsibility for the maintenance of the premise while the tenant pays for utility services among other things.
Steps to fill the California commercial lease agreement-gross single tenant
On the topmost part of the document, the name of the agent or broker who prepared the document should be filled. Also, their email address and phone number.
Section one of the document entails:
- The date of signing the agreement
- The name of the landlord and tenant.
- The address of the premises
- Security deposit and the rent amount for the first month
- Checking appropriate addenda as per the agreement
Term of the lease
- The commencement and expiration date of the tenancy
- Holdover and applicable preceding
- An indication that the lease is a sublease
- Possession of the premises where the tenant can terminate the lease if the landlord does not deliver the premises within ten days after the agreement
- Amount of rent to be paid whether graduated or fixed.
- CPI-adjusted rent
- Mode of rent payment
- Late fees
- Return check fees
- Indication of the utility and charges the tenant is supposed to pay for during the tenancy
- Indication of the utilities to be paid by the landlord during the tenancy
The sections that follow explain in details on:
- Repair and maintenance of the property
- The use of the property
- Subletting and assignment of the premises
- Signs and advertisements on the premises
- Right to entry
- Liability and fire insurance
- Hold harmless and destruction
- Tenant estoppel certificates
- Eminent domain
- Default remedies’
- Brokerage fees and miscellaneous
Sealing the agreement
- Landlords and tenants signature as well as an indicated date
- Agents name, signature, license number and whether they represent one party exclusively or both parties.
- Signature, addresses and contact information of both the landlord and the tenant.
The California commercial lease agreement-gross single-tenant allows both the tenant and the landlord to identify their respective roles during the tenancy period. With a clear understanding, a smooth period is ensured as both can follow the provisions of the agreement as required by the California state laws on the tenancy.