Commercial Lease Agreement

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ALASKA COMMERCIAL LEASE — DUE-DILIGENCE AND DRAFTING PACKET

DO NOT SIGN THIS PACKET AS A LEASE. Complete the authority and deal-point
records, then convert the approved entries into a coordinated lease and
exhibits reviewed for the exact Alaska property and transaction.

1. Transaction-Control Gate

Item	Verified entry
Property street address / legal description	[________________________________]
Borough, municipality, recording district, and judicial district	[________________________________]
Land status and title source	[PRIVATE / STATE / FEDERAL / NATIVE / LEASEHOLD / OTHER: ____]
Commercial use confirmed; residential or mixed-use component	[________________________________]
Landlord exact legal name and authority	[________________________________]
Tenant exact legal name and authority	[________________________________]
Guarantor or credit support	[________________________________]
Existing mortgage, ground lease, master lease, or superior interest	[________________________________]
Title report, survey, and recorded-document date	[________________________________]
Local zoning, land-use, building, fire, health, and business approvals	[________________________________]
Environmental and regulated-use review	[________________________________]
Alaska and local commercial-lease law reviewed by counsel	[________________________________]
Tax, insurance, accounting, and lender review	[________________________________]
Counsel / review date	[________________________________]

Do not use this commercial packet for a dwelling, lodging arrangement,
residential component, concession, mineral right, ground lease, government
land authorization, or other specialized occupancy without a separate review.

2. Parties and Credit Support

Landlord

Field	Entry
Legal name / entity type / jurisdiction	[________________________________]
Principal address	[________________________________]
Signer and authority evidence	[________________________________]
Property ownership or leasing authority	[________________________________]
Notice and payment contacts	[________________________________]

Tenant

Field	Entry
Legal name / entity type / jurisdiction	[________________________________]
Principal address	[________________________________]
Signer and authority evidence	[________________________________]
Business and intended operator	[________________________________]
Financial statements / credit review	[________________________________]
Notice and operational contacts	[________________________________]

Credit Support

Item	Selected terms and due diligence
Cash deposit	[________________________________]
Letter of credit	[________________________________]
Guaranty	[________________________________]
Prepaid rent	[________________________________]
Parent or affiliate support	[________________________________]
Renewal / reduction / replenishment rules	[________________________________]

3. Premises and Property Record

Item	Entry / exhibit
Building / project name	[________________________________]
Premises suite and boundaries	[________________________________]
Rentable and usable area; measurement standard	[________________________________]
Floor plan and legal description	[________________________________]
Common areas and exclusive-use areas	[________________________________]
Parking, loading, storage, signage, roof, yard, or antenna rights	[________________________________]
Access, easements, roads, seasonal access, and delivery constraints	[________________________________]
Utility sources, meters, capacity, interruption history	[________________________________]
Water, wastewater, fuel, refuse, and snow / ice service	[________________________________]
Existing condition and inspection reports	[________________________________]
Hazardous material, contamination, tank, asbestos, or other review	[________________________________]
ADA / accessibility allocation and survey	[________________________________]
Casualty, condemnation, violation, or enforcement history	[________________________________]

4. Permitted Use and Approval Matrix

Proposed use: [__________________________________________________________]

Requirement	Responsible party	Current status / source	Deadline or condition
Zoning and land-use approval	[____]	[____]	[____]
Building / alteration permit	[____]	[____]	[____]
Fire / life-safety approval	[____]	[____]	[____]
Health, alcohol, professional, industry, or business license	[____]	[____]	[____]
Environmental or regulated-material authorization	[____]	[____]	[____]
Sign permit	[____]	[____]	[____]
Utility or capacity approval	[____]	[____]	[____]
Lender, ground lessor, association, or other consent	[____]	[____]	[____]

Prohibited or exclusive uses negotiated: [_______________________________]

Change-of-law, loss-of-permit, and use-interruption allocation: [__________]

5. Term, Delivery, and Build-Out

Deal point	Selected term
Lease execution date	[__/__/____]
Delivery condition and target date	[________________________________]
Tenant access before commencement	[________________________________]
Commencement trigger and outside date	[________________________________]
Rent commencement trigger	[________________________________]
Initial term and expiration	[________________________________]
Renewal options, notice window, and conditions	[________________________________]
Expansion, contraction, relocation, purchase, or first-offer right	[________________________________]
Landlord work	[________________________________]
Tenant work	[________________________________]
Allowance, draw procedure, retainage, and reconciliation	[________________________________]
Delay allocation and termination right	[________________________________]
Acceptance / punch-list procedure	[________________________________]

6. Rent and Operating Economics

Base Rent

Period	Rate basis	Monthly amount	Escalation / adjustment
[DATES]	[PER SF / FIXED / OTHER]	$[____]	[____]
[DATES]	[PER SF / FIXED / OTHER]	$[____]	[____]

Additional Charges

Charge	Definition and exclusions	Allocation method	Estimate / cap	Reconciliation / audit
Property tax / assessment	[____]	[____]	$[____]	[____]
Insurance	[____]	[____]	$[____]	[____]
Common-area / operating cost	[____]	[____]	$[____]	[____]
Utilities	[____]	[____]	$[____]	[____]
Snow, ice, refuse, road, or site service	[____]	[____]	$[____]	[____]
Management or administration charge	[____]	[____]	$[____]	[____]
Other	[____]	[____]	$[____]	[____]

Payment place and method: [________________________________]

Late charge, default interest, returned-payment charge, and grace rule:
[Insert only after Alaska counsel verifies enforceability and the complete
economic effect: __________________________________________________________]

7. Maintenance, Services, and Capital Work

Component / service	Landlord responsibility	Tenant responsibility	Cost treatment	Standard / response time
Roof, structure, foundation, exterior	[____]	[____]	[____]	[____]
HVAC	[____]	[____]	[____]	[____]
Plumbing, electrical, fire / life safety	[____]	[____]	[____]	[____]
Interior and storefront	[____]	[____]	[____]	[____]
Common areas and parking	[____]	[____]	[____]	[____]
Snow, ice, freeze protection, and winter access	[____]	[____]	[____]	[____]
Utilities and backup systems	[____]	[____]	[____]	[____]
Environmental compliance and remediation	[____]	[____]	[____]	[____]
Capital replacement	[____]	[____]	[____]	[____]

Address access for work, emergency entry, notice, service contracts,
interruption, abatement, self-help, offset, casualty overlap, warranties, and
documentation in coordinated clauses.

8. Alterations, Liens, and Surrender

Issue	Negotiated term
Alteration approval threshold and standard	[________________________________]
Plans, permits, contractors, insurance, and bonds	[________________________________]
Ownership of improvements	[________________________________]
Construction lien prevention and response	[________________________________]
Trade fixtures and personal property	[________________________________]
Removal and restoration election	[________________________________]
End-of-term condition standard	[________________________________]
Holdover terms, after legal review	[________________________________]
Property left behind and lawful disposition procedure	[________________________________]

9. Insurance, Indemnity, and Liability Allocation

Topic	Selected allocation and limits
Landlord property / liability coverage	[________________________________]
Tenant property / liability / business interruption coverage	[________________________________]
Workers' compensation and employer coverage	[________________________________]
Environmental, vehicle, professional, cyber, or other specialty coverage	[________________________________]
Additional insured / loss payee / mortgagee status	[________________________________]
Waiver of subrogation	[________________________________]
Tenant indemnity: claims, conduct, causation, defense, settlement	[________________________________]
Landlord indemnity: claims, conduct, causation, defense, settlement	[________________________________]
Consequential, punitive, special, or indirect-damage treatment	[________________________________]
Liability cap and exclusions	[________________________________]

Counsel must test every indemnity, waiver, release, insurance requirement, and
liability limitation against the actual parties, conduct, bargaining context,
and governing law. Do not use a one-way gross-negligence carveout by default.

10. Transfers, Financing, and Superior Interests

Issue	Negotiated term
Assignment / sublease consent	[________________________________]
Affiliate, merger, sale, or restructuring transfer	[________________________________]
Recapture and profit-sharing	[________________________________]
Continuing tenant / guarantor liability	[________________________________]
Landlord transfer and successor assumption	[________________________________]
Leasehold financing	[________________________________]
Subordination, nondisturbance, and attornment	[________________________________]
Estoppel certificate	[________________________________]
Lender / ground-lessor notice and cure rights	[________________________________]

11. Casualty, Taking, and Interruption

Event	Repair duty	Rent treatment	Termination right	Insurance / award allocation
Casualty	[____]	[____]	[____]	[____]
Condemnation / taking	[____]	[____]	[____]	[____]
Utility or access interruption	[____]	[____]	[____]	[____]
Government closure or force event	[____]	[____]	[____]	[____]

Define restoration deadlines, outside dates, partial damage, common-area
effects, permit delay, mortgagee control, proceeds, restoration standard, and
termination accounting.

12. Default and Remedy Design

Complete from current Alaska and local law before drafting operative clauses.

Issue	Verified authority / negotiated term
Payment default and any required notice / cure	[________________________________]
Nonpayment possession route	[________________________________]
Nonmonetary default and cure	[________________________________]
Repeated default	[________________________________]
Abandonment, surrender, and mitigation	[________________________________]
Termination, possession, reletting, and damages	[________________________________]
Acceleration or present-value formula	[________________________________]
Self-help, lockout, entry, offset, or repair remedy	[________________________________]
Landlord lien or security interest	[________________________________]
Tenant remedy, offset, abatement, termination, or specific performance	[________________________________]
Insolvency and bankruptcy limits	[________________________________]
Attorney fees and costs	[________________________________]
Remedy limitations that cannot be waived	[________________________________]

This packet does not authorize eviction, lockout, seizure, lien enforcement,
rent acceleration, self-help, or offset.

13. Dispute, Notice, and Execution Schedule

Item	Selected and verified term
Governing law	[________________________________]
Court forum and venue	[________________________________]
Mediation or arbitration	[________________________________]
Jury-trial treatment	[________________________________]
Provisional or equitable relief	[________________________________]
Contract notice methods and effective time	[________________________________]
Mandatory statutory notice overrides	[________________________________]
Counterparts and electronic execution	[________________________________]
Memorandum / recordation election	[________________________________]
Notarization or acknowledgment need	[________________________________]
Broker disclosure and commission	[________________________________]
Confidentiality and publicity	[________________________________]

14. Lease and Exhibit Assembly

Draft and cross-check the following after all schedules are complete:

☐ integrated commercial lease
☐ legal description and premises plan
☐ rent schedule and commencement certificate
☐ operating-expense definitions, exclusions, caps, and reconciliation
☐ landlord work letter and tenant-improvement procedure
☐ permitted-use and prohibited-use schedule
☐ rules, parking, signage, access, and common-area schedule
☐ maintenance, services, utilities, and snow / winter-operations matrix
☐ insurance requirements
☐ environmental disclosure and allocation, if applicable
☐ guaranty or letter-of-credit documents, if selected
☐ subordination / nondisturbance / attornment document, if selected
☐ memorandum of lease, if selected and legally reviewed
☐ entity approvals and execution evidence

Final Counsel Review

☐ property, title, land status, boundaries, access, and superior interests confirmed
☐ commercial-only use and every required approval confirmed
☐ economics and exhibits reconcile mathematically
☐ maintenance, capital work, casualty, interruption, and surrender clauses align
☐ indemnity, insurance, waiver, and liability terms align
☐ default, possession, damages, lien, self-help, fee, and notice terms use current law
☐ dispute, execution, acknowledgment, and recordation choices verified
☐ every bracket completed or deleted and all cross-references checked

Prepared by: [________________________________]

Review date: [__/__/____]

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About This Template

Real estate documents transfer ownership, define who can use a property, and record agreements between buyers, sellers, landlords, and tenants. Deeds, purchase agreements, leases, and easements have to be drafted to meet state recording requirements, and mistakes show up at closing or years later in title disputes. Good real estate paperwork moves transactions forward quickly and avoids the kind of problems that only surface when it is time to sell or refinance.

Important Notice

This template is provided for informational purposes. It is not legal advice. We recommend having an attorney review any legal document before signing, especially for high-value or complex matters.

Checked against the law it cites

A reviewer verified this template's legal citations against the official source on 2026-08-25.

Last updated: 2026-08-25

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