The California standard commercial single-tenant lease agreement is intended for renting business space in a commercial building within California. The form should not be used for multi-tenant buildings and solely covers the premises. The lease agreement is also a legal document that binds the tenant and the owner of the commercial premises and is written in regards to the California Civil Code § 1938 and Assembly Bill 2093.
Steps to fill California standard commercial single-tenant lease agreement
The first section entails filling the following:
- The date of the agreement.
- The name of the lessor and lessee.
- The name, address, and description of the property.
- The commencement and expiration date of the agreement.
- Early possession of the property
- The base rent and when to be paid
- Security deposit amount
- Association fees among other fees needed plus the total amount received by the landlord upon execution of the agreement.
- Agreed use of the property.
- Ensuring party.
- Detailed information about the real estate brokers and their payments.
- Guarantor information.
- Necessary attachments needed along with the agreement.
The second section deals with detailed explanation on:
- Letting of the premises as per the outlined guidelines
- The condition of the premises
- Compliance by the lessee
- Acknowledgments by the lessee
- The third section deals with:
- Tenancy term
- Early possession
- Delayed possession
- Lessee compliance
The following section explains:
- Rent payments
- Association fees
- Security deposit
- Use of the premises
- Maintenance; Repairs, Utility Installations; Trade Fixtures and Alterations
- Insurance; Indemnity
- Damage or Destruction of the premises whether partial or otherwise
- Real property taxes
- Utilities and services available
- Subletting and assignment of the premises
- Default, Breach, and Remedies
- Brokerage fees
- Attorney fees among other detailed explanations as outlined in the form.
Once the lessor and lessee have carefully read and reviewed the lease and each term and provision contained in the document, they sign the document voluntarily as a show of understanding of what is expected of them.
Sealing the agreement
- Details of where the agreement was executed and the date
- Details on names and contact details on both the lessor and the lessee section.
The California standard commercial single-tenant lease agreement contains obligations and rules to be followed by both the landlord and the tenant as per the California state law. Both the parties are supposed to initial all the pages that contain conditions and also attach any necessary documents.