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Maryland Commercial Lease Agreement

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Maryland Commercial Lease Agreement
Maryland Commercial Lease Agreement
Maryland Commercial Lease Agreement
This Commercial Lease Agreement ("Lease") is made and effective , by and
between ("Landlord") and ("Tenant").
Landlord is the owner of land and improvements commonly known and numbered as
and legally described as follows (the "Building"):
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 Premises to Tenant, and Tenant hereby leases the same from
Landlord, for an "Initial Term" beginning and ending
. 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 Leased
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 . 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 Initial Term. The renewal term shall be at the rental set forth below and
otherwise upon the same convenants, conditions and provisions as provided in this Lease.
2. Rental.
A. Tenant shall pay to Landlord during the Initial Term rental of per year,
payable in installments of per month. Each installment payment shall be due
in advance on the first day of each calendar month during the lease term to Landlord at
or at such other place designated by written notice from Landlord or Tenant.
The rental payment amount for any partial calendar months included in the lease term shall be prorated
on a daily basis. Tenant shall also pay to Landlord a "Security Deposit" in the amount of
Maryland Commercial Lease Agreement