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Ohio Commercial Lease Agreement Template

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Ohio Commercial Lease Agreement Template
Ohio Commercial Lease Agreement Template
This Lease Agreement is entered into as of _______________, 20___, by and between
________________________________________, ("Landlord") and
_______________________________________________, ("Tenant").
Upon the terms and subject to the conditions hereinafter set forth, Landlord leases to
Tenant and Tenant leases from Landlord, the real property described in attached Exhibit
"A", which Exhibit A is incorporated herein by this reference, together with all
improvements now or hereafter located thereon and all appurtenances and privileges
related thereto, all of which area is hereinafter referred to as the "Premises."
Section 1. Lease Term. The lease term shall commence on _____________, and shall
terminate on _____________.
Section 2. Rent. The annual rent for the lease term shall be $__________________,
payable in equal monthly installments of $_______________, each, in advance of the
first day of each calendar month throughout the lease term. Tenant shall pay the first and
last month's rent to Landlord at the time of the parties' execution of this Lease. If the
lease term commences on a day other than the first day of a calendar month, the first
month's rent shall be adjusted accordingly.
Section 3. Use of the Premises. Tenant's use of the Premises shall be in a lawful, careful,
safe, and proper manner, and Tenant shall carefully preserve, protect, control and guard
the same from damage. Tenant shall not use the parking area or the ingress and egress
area of the Premises in an unreasonable manner so as to interfere with the normal flow of
traffic or the use of such areas by occupants of properties adjacent to the Premises.
Section 4. Taxes and Assessments. Tenant shall pay all real estate taxes and assessments
becoming due and payable with respect to the Premises during the lease term and any
extension thereof, and all taxes or other charges imposed during the lease term or any
extension thereof with respect to any business conducted on the Premises by Tenant or
any personal property used by Tenant in connection therewith. Taxes, assessments or
other charges which Tenant is obligated to pay or cause to be paid hereunder and which
relate to any fraction of a tax year at the commencement or termination of this Lease shall
be prorated based upon the ratio that the number of days in such fractional tax year bears
to 365.
Tenant shall have the right to contest, object, or oppose the legality or validity of any tax,
assessment, or charge, provided that prompt notice of such contest, objection, or
opposition be given to Landlord, and provided further that Tenant promptly thereafter set
aside in a separate escrow account funds equal to the amount of the taxes, assessments, or
charges being contested, objected, or opposed by Tenant. Tenant agrees to hold Landlord
harmless from and to fully pay and discharge the amounts finally determined to be due
following the exercise of such right to contest, object or oppose, together with any
penalties, fines, interests, costs, or expenses that may accrue, or have accrued, thereon
Ohio Commercial Lease Agreement Template