This is a commercial lease form for the State of California. It is for leasing a building for any use, such as an office. This lease is very detailed and includes provisions addressing the areas of lease term, payment of rent, later charges, utilities, condition of premises, security deposits, default, termination, right of re-entry, holdover, and many other legal clauses. Make changes to suit your needs and agreement with your lessee.
California Commercial Lease Agreement
Category:
State:
California
Control #:
CA-988LT
Format:
Word;
Rich Text
Instant download
Description
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How to fill out California Commercial Building Or Space Lease?
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FAQ
Prop 15 Impact on Landlords and Tenants Most California leases are structured as a gross lease, with the tenant paying real estate taxes over a base year, or on a triple net (NNN) basis, with the tenant paying all of the real estate taxes (or a proportionate share if occupying only a portion of a building).
Commercial leases must always be notarized in the state of California. In case the landlord makes any adjustments to the document in the future, they must notarize these changes too.
In addition to a rent payment, the tenant pays property taxes. All other expenses, such as insurance, maintenance, repairs, and utilities, are the landlord's responsibility. If the tenant fails to pay the taxes to the local municipality, the landlord is held accountable.
Landlords in California have certain responsibilities outlined in commercial lease agreements. These typically include maintaining the property in a safe and habitable condition, providing necessary repairs, and ensuring compliance with building codes and regulations.
Once the landlord's consent has been obtained, the tenant and assignee can enter into a deed of assignment to transfer the lease to the assignee. If the lease is registered at the Land Registry the assignee will then need to register the assignment at the Land Registry.