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Idaho Commercial Lease Agreement Form


Idaho Commercial Lease Agreement Form
Idaho Commercial Lease Agreement Form
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Idaho Commercial Lease Agreement
This Idaho Commercial Lease Agreement (hereinafter referred to as the "Lease") is made this _____ day of
____________, ______, by and between ___________________________________ (hereinafter referred to as
"Lessor") and ________________________________________ (hereinafter referred to as" Lessee").
Lessor is the owner of land and improvements commonly known and numbered as
______________________________________________________________________ and legally described as
follows: ______________________________________________________________________________
Lessor desires to lease the leased premises to Lessee, and Lessee desires to lease the leased premises from Lessor
for the term, at the rental, and upon the covenants, conditions, provisions, and obligations set forth below.
THEREFORE, in consideration of the mutual promises herein, contained and other good and valuable consideration,
the parties agree as follows:
1. Term.
A. Lessor hereby leases the leased premises to Lessee, and Lessee hereby leases the leased premises from
Lessor, for an "Initial Term" beginning _____________________ and ending _______________________. Lessor
shall use its best efforts to give Lessee possession as nearly as possible at the beginning of the Lease term. If
Lessor is unable to timely provide the leased premises, rent shall abate for the period of delay. Lessee shall make no
other claim against Lessor for any such delay.
B. Lessee also has a right for the benefit of Lessee, its employees, agents, and invitees, for access to and from the
leased premises through and over the property of Lessor adjoining the leased premises and to use those parts of the
leased premises designated by Lessor for use by Lessee, including but not limited to toilets, elevators, and
unrestricted parking areas, if any.
2. Renewal.
Lessor and Lessee may agree to renew or extend this Idaho Commercial Lease, with such modifications as the
parties may agree to, in a separate, signed document.
3. Holdover.
A. In the event Lessee shall holdover after the expiration of the term of this Idaho Commercial Lease,with the
consent of Lessor, express or implied, such tenancy shall be from month to month only, and shall not constitute a
renewal of this Idaho Commercial Lease. Further, in the event of such a holdover, Lessee agrees to pay rent and
other charges as provided herein, and to comply with all covenants, conditions, provisions, and obligations of this
Idaho Commercial Lease for the period of time that Lessee holds over. Further, in the event of such a holdover,
Lessee shall be entitled to possession until Lessor gives Lessee ten (10) days notice that such month to month
tenancy shall be terminated.
B. In the event Lessee shall holdover after the expiration of the term of this Idaho Commercial Lease,without the
consent of Lessor, express or implied, Lessee shall be construed to be a tenant at sufferance at double the rent
herein provided, prorated daily until Lessor receives actual possession of the leased premises.
C. In the event Lessor provides Lessee with a lawful Notice of Termination and Lessee shall holdover beyond the
expiration of the notice period provided in such notice, then Lessee shall be deemed to be holding over without the
consent of Lessor.
4. Rental.
A. Lessee agrees pay to Lessor rental in the sum of _______________________ Dollars ($ _________) per year,
payable in installments of _______________________ Dollars ($ _________) per month. Each installment payment
shall be due and payable in advance and without demand on the first day of each calendar month. Payment shall be
Idaho Commercial Lease Agreement Form
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