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Kentucky Commercial Lease Agreement

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Kentucky Commercial Lease Agreement Page 2
2
Revised April 2009
THIS FORM HAS BEEN APPROVED BY THE KENTUCKY REAL ESTATE COMMISSION.
(THIS IS A LEGALLY BINDING CONTRACT. IF YOU DO NOT FULLY UNDERSTAND THE
TERMS OF THIS CONTRACT, CONTACT AN ATTORNEY.)
(Note that all changes to this contract must be initialed, dated, and timed to comply with state license
law.)
COMMERCIAL LEASE AGREEMENT
This Commercial Lease Agreement (“Lease”) is made and effective this _____ day of
_____________, 2_____, by and between ___________________ (“Landlord”) and
____________________ (“Tenant”).
Landlord is the owner of land and improvements commonly known and numbered as
________________________________________________________ (address) and
legally described as follows (the “Building”): (insert legal description)
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
________________________________________________________________________
Landlord makes available for lease a portion of the Building designated as
________________________________________________________________________
(the “Leased Premises”).
Landlord desires to lease the Leased Premises to Tenant, and Tenant desires to lease the
Leased Premises from Landlord for the term, at the rental and upon the covenants,
conditions and provisions herein set forth.
THEREFORE, in consideration of the mutual promises herein, contained and other
good and valuable consideration, it is agreed:
1. TERM
A. Landlord hereby leases the Leased Premise to Tenant, and Tenant hereby leases
the same from Landlord, for an “Initial Term” beginning ________________________
(insert date) and ending __________________________ (insert date). Landlord shall
use its best efforts to give Tenant possession as nearly as possible at the beginning of the
Lease term. If Landlord is unable to timely provide the Lease Premises, rent shall abate
for the period of delay. Tenant shall make no other claim against Landlord for any such
delay.
B. Tenant may renew the Lease for one extended term of ______________________
(insert renewal term). Tenant shall exercise such renewal option, if at all; by giving
written notice to Landlord not less than ninety (90) days prior to the expiration of the
Kentucky Commercial Lease Agreement
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