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Indiana Commercial Lease Agreement Form


Indiana Commercial Lease Agreement Form
Indiana Commercial Lease Agreement Form
Indiana Commercial Lease Agreement
This Indiana 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 Indiana 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 Indiana 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 Indiana 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 Indiana Commercial
Lease for the period of time that Lessee holds over. Further, in the event of such a holdover,
Indiana Commercial Lease Agreement Form
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