Commercial Lease Agreement
COMMERCIAL LEASE AGREEMENT — COLORADO TRANSACTION WORKSHEET
This Commercial Lease Agreement (the “Lease”) is entered into as of
[__/__/____] by and between:
| Item | Landlord | Tenant |
|---|---|---|
| Legal name | [________________________________] | [________________________________] |
| Entity type and jurisdiction | [________________________________] | [________________________________] |
| Principal address | [________________________________] | [________________________________] |
| Notice contact | [________________________________] | [________________________________] |
| Property / operations contact | [________________________________] | [________________________________] |
Landlord leases to Tenant, and Tenant leases from Landlord, only the Premises
identified in signed Exhibit A, subject to the completed terms below.
1. Classification and Use Gate
Do not sign until counsel completes this classification and identifies every
specialized addendum.
| Question | Answer | Required review / addendum |
|---|---|---|
| Office, retail, warehouse, industrial, medical, restaurant, mixed, or other use? | [____] | [____] |
| Entire building, suite, land, roof, parking, storage, or shared space? | [____] | [____] |
| Ground, agricultural, mineral, residential, live-work, or public-property feature? | [____] | [____] |
| New construction, tenant improvement, build-to-suit, or major alteration? | [____] | [____] |
| Hazardous material, waste, emissions, food, alcohol, health, child, cannabis, or other regulated activity? | [____] | [____] |
| Franchise, exclusivity, percentage rent, co-tenancy, or radius restriction? | [____] | [____] |
| Existing mortgage, ground lease, condominium, reciprocal easement, or association? | [____] | [____] |
| Public subsidy, tax incentive, historic, affordable, or other program restriction? | [____] | [____] |
| Personal guaranty, letter of credit, prepaid rent, or other credit support? | [____] | [____] |
| Purchase option, right of first refusal, expansion, renewal, or contraction right? | [____] | [____] |
| Brokerage, property-management, or related-party relationship? | [____] | [____] |
Counsel approving classification: [________________________________]
2. Lease Documents and Priority
| Exhibit | Subject | Attached and complete? |
|---|---|---|
| A | Premises, project, legal description, plans, and rights | ☐ |
| B | Term, delivery, commencement, options, and holdover | ☐ |
| C | Base rent, additional charges, tax, deposit, and audit | ☐ |
| D | Landlord work, tenant work, condition, and acceptance | ☐ |
| E | Use, operations, access, parking, signage, and rules | ☐ |
| F | Maintenance, utilities, services, alterations, and surrender | ☐ |
| G | Compliance, environmental, accessibility, and insurance | ☐ |
| H | Transfers, casualty, condemnation, default, risk, and disputes | ☐ |
| I | Guaranty, letter of credit, subordination, or other credit document | ☐ |
Order of priority: [________________________________]. A work letter, rule,
proposal, broker communication, portal term, handbook, estimate, or other
document is part of the Lease only if a signed document incorporates it.
3. Premises and Property Diligence
| Item | Agreed description / source |
|---|---|
| Street address, suite, floor, and building | [________________________________] |
| Legal description / parcel | [________________________________] |
| Measured area and measurement standard | [________________________________] |
| Common areas and shared facilities | [________________________________] |
| Parking, loading, storage, roof, patio, and exterior rights | [________________________________] |
| Access routes, hours, security, keys, and credentials | [________________________________] |
| Landlord reserved areas and rights | [________________________________] |
| Existing occupants and exclusive-use conflicts | [________________________________] |
| Title commitment, survey, zoning, permits, and recorded documents | [________________________________] |
| Mortgage, ground lease, association, easement, and use restriction | [________________________________] |
| Known physical, environmental, accessibility, or code issue | [________________________________] |
No square-foot figure, legal description, access right, parking count, zoning
status, code status, exclusivity, or title condition is guaranteed unless
Exhibit A states the source, allocation, and remedy.
4. Term, Delivery, Commencement, and Options
| Item | Selected term |
|---|---|
| Delivery target | [__/__/____ / EVENT] |
| Required delivery condition | [________________________________] |
| Commencement trigger | [________________________________] |
| Rent commencement trigger | [________________________________] |
| Initial term | [________________________________] |
| Expiration calculation | [________________________________] |
| Delay procedure and outside date | [________________________________] |
| Early access / fixturing period | [________________________________] |
| Renewal or extension option | [________________________________] |
| Expansion / contraction / termination option | [________________________________] |
| Holdover treatment | [________________________________] |
After delivery, the Parties shall sign a commencement record stating actual
delivery, acceptance exceptions, commencement, rent commencement, expiration,
and option dates. Occupancy, keys, work, or payment does not have a preset legal
effect beyond the completed Lease and controlling law.
5. Use, Operations, and Approvals
Permitted Use: [________________________________]
Prohibited or conditioned uses: [________________________________]
| Operational issue | Allocation / rule |
|---|---|
| Zoning, use, occupancy, business, and operating approvals | [________________________________] |
| Alcohol, food, medical, professional, child, hazardous, or special license | [________________________________] |
| Hours and access | [________________________________] |
| Deliveries, loading, trash, recycling, and storage | [________________________________] |
| Parking allocation and enforcement | [________________________________] |
| Signage, exterior, roof, antenna, and naming rights | [________________________________] |
| Noise, odor, vibration, emissions, and nuisance controls | [________________________________] |
| Security and emergency procedures | [________________________________] |
| Exclusive use, co-tenancy, radius, and prohibited competitors | [________________________________] |
| Building rules and change procedure | [________________________________] |
Landlord approval does not substitute for a government, lender, association,
insurer, professional, accessibility, environmental, or other required approval.
6. Rent, Charges, Tax, and Audit
6.1 Base Rent
| Period | Annual / monthly amount | Due date | Abatement or condition |
|---|---|---|---|
| [____] | $[____] | [____] | [____] |
| [____] | $[____] | [____] | [____] |
6.2 Additional Charges
| Charge | Included / excluded costs | Allocation method | Estimate / reconciliation | Audit / dispute |
|---|---|---|---|---|
| Operating expenses / CAM | [____] | [____] | [____] | [____] |
| Real-estate taxes / assessments | [____] | [____] | [____] | [____] |
| Insurance expense | [____] | [____] | [____] | [____] |
| Utilities and services | [____] | [____] | [____] | [____] |
| Management / administration | [____] | [____] | [____] | [____] |
| Percentage rent / other | [____] | [____] | [____] | [____] |
Define controllable costs, capital items, ownership costs, vacancies, gross-up,
base year, caps, exclusions, allocation changes, statement timing, record access,
audit procedure, error correction, and audit cost in Exhibit C.
| Payment issue | Selected term |
|---|---|
| Payment method and account | [________________________________] |
| Invoice requirement | [________________________________] |
| Good-faith dispute procedure | [________________________________] |
| Application of payments | [________________________________] |
| Late charge and interest, if counsel approved | [________________________________] |
| Setoff, deduction, withholding, or escrow treatment | [________________________________] |
| Tax classification and responsible filer | [________________________________] |
This Lease states no tax rate, automatic late charge, statutory interest rate,
payment priority, or characterization of every charge as rent for every remedy.
7. Deposit, Credit Support, and Financial Information
| Item | Selected term |
|---|---|
| Cash deposit | $[________________________________] |
| Letter of credit | [ISSUER / AMOUNT / EXPIRY / DRAW / REPLACEMENT] |
| Guaranty | [GUARANTOR / SCOPE / CAP / BURN-OFF / RELEASE] |
| Prepaid rent or other security | [________________________________] |
| Custody, commingling, interest, and holder | [________________________________] |
| Application conditions and notice | [________________________________] |
| Replenishment | [________________________________] |
| Transfer on property sale | [________________________________] |
| Return event, timing, deductions, and statement | [________________________________] |
| Financial-reporting covenant | [________________________________] |
Counsel must review each credit-support document separately. This Lease supplies
no automatic commingling, no-interest, deduction, replenishment, thirty-day
return, guarantor, or letter-of-credit rule.
8. Condition, Work, and Acceptance
| Work item | Responsible Party | Scope / plans | Budget | Deadline | Approval / evidence |
|---|---|---|---|---|---|
| Landlord work | [____] | [____] | $[____] | [____] | [____] |
| Tenant work | [____] | [____] | $[____] | [____] | [____] |
| Utility / service capacity | [____] | [____] | $[____] | [____] | [____] |
| Permit / inspection / certificate | [____] | [____] | $[____] | [____] | [____] |
| Accessibility or code correction | [____] | [____] | $[____] | [____] | [____] |
Exhibit D must state plans, contractors, insurance, lien controls, change orders,
allowance, inspection, punch list, substantial completion, delay, ownership,
removal, and restoration. Any “as is” election must identify disclosed
conditions, access for diligence, excluded reliance, retained duties, and remedy.
Acceptance is documented by: [________________________________]. A possession,
rent payment, or silence-based acceptance rule applies only if counsel approves
the completed term for the actual facts.
9. Maintenance, Utilities, Alterations, and Surrender
| Component / duty | Landlord | Tenant | Cost allocation | Standard / response |
|---|---|---|---|---|
| Structure, roof, foundation, and exterior | [____] | [____] | [____] | [____] |
| Building systems | [____] | [____] | [____] | [____] |
| Premises systems and fixtures | [____] | [____] | [____] | [____] |
| Common areas and grounds | [____] | [____] | [____] | [____] |
| Utilities and metering | [____] | [____] | [____] | [____] |
| Cleaning, waste, snow, and pest control | [____] | [____] | [____] | [____] |
| Compliance and capital replacement | [____] | [____] | [____] | [____] |
Alteration approval, design, permits, contractor conditions, lien protection,
ownership, removal, restoration, and trade-fixture rules: [___________________].
Surrender condition, inspection, property removal, restoration election, key
return, holdover, and abandoned-property procedure: [________________________].
10. Compliance, Environmental, and Accessibility
| Review area | Baseline / report | Responsible Party | Ongoing control | Incident / remediation allocation |
|---|---|---|---|---|
| Zoning, building, fire, health, and occupancy | [____] | [____] | [____] | [____] |
| Accessibility and accommodation | [____] | [____] | [____] | [____] |
| Environmental condition and hazardous materials | [____] | [____] | [____] | [____] |
| Waste, discharge, air, water, and storage | [____] | [____] | [____] | [____] |
| Workplace and public safety | [____] | [____] | [____] | [____] |
| Regulated operations and permits | [____] | [____] | [____] | [____] |
| Data, surveillance, access systems, and privacy | [____] | [____] | [____] | [____] |
Do not use a blanket “all environmental laws” definition as the complete
allocation. Identify the condition, actor, time, area, material, duty, response,
evidence, access, regulator, cost, and survival treatment in Exhibit G.
11. Insurance, Waivers, Indemnity, and Liability
| Risk | Coverage / limit | Named or additional insured | Deductible | Evidence / notice |
|---|---|---|---|---|
| Property | [____] | [____] | [____] | [____] |
| Commercial liability | [____] | [____] | [____] | [____] |
| Workers / employer | [____] | [____] | [____] | [____] |
| Business interruption / rent loss | [____] | [____] | [____] | [____] |
| Environmental / professional / cyber / other | [____] | [____] | [____] | [____] |
| Liability category | Responsible Party | Defense control | Settlement consent | Cap / exclusion | Insurance interaction |
|---|---|---|---|---|---|
| Premises injury / property damage | [____] | [____] | [____] | [____] | [____] |
| Landlord work / building condition | [____] | [____] | [____] | [____] | [____] |
| Tenant use / operations | [____] | [____] | [____] | [____] | [____] |
| Environmental event | [____] | [____] | [____] | [____] | [____] |
| Contract breach | [____] | [____] | [____] | [____] | [____] |
No indemnity, defense duty, waiver of subrogation, liability cap, damages
exclusion, additional-insured requirement, insurance minimum, or gross-
negligence carveout is automatic. Review the allocation as a whole.
12. Transfers and Property-Level Changes
| Event | Notice / information | Consent standard | Conditions / payment | Release or continuing liability |
|---|---|---|---|---|
| Assignment | [____] | [____] | [____] | [____] |
| Sublease | [____] | [____] | [____] | [____] |
| Change of control | [____] | [____] | [____] | [____] |
| Affiliate / reorganization | [____] | [____] | [____] | [____] |
| Recapture | [____] | [____] | [____] | [____] |
| Transfer profit | [____] | [____] | [____] | [____] |
| Landlord sale / mortgage / ground lease | [____] | [____] | [____] | [____] |
Subordination, nondisturbance, attornment, estoppel, recognition, lender notice,
and cure rights must be coordinated with the actual title and financing record.
13. Casualty, Condemnation, and Service Interruption
| Event | Notice / assessment | Restoration decision | Rent / money treatment | Termination / claim allocation |
|---|---|---|---|---|
| Casualty | [____] | [____] | [____] | [____] |
| Taking / condemnation | [____] | [____] | [____] | [____] |
| Utility / access / service interruption | [____] | [____] | [____] | [____] |
| Uninsured or underinsured loss | [____] | [____] | [____] | [____] |
No restoration period, rent abatement, award ownership, relocation claim,
termination right, or force-majeure excuse applies unless Exhibit H coordinates
it with insurance, lender rights, access, habitability or safety duties,
business interruption, and controlling law.
14. Default, Remedies, and Disputes
| Event | Notice | Cure / response | Interim action | Termination / remedy |
|---|---|---|---|---|
| Nonpayment | [____] | [____] | [____] | [____] |
| Other lease breach | [____] | [____] | [____] | [____] |
| Safety / unlawful use | [____] | [____] | [____] | [____] |
| Failure to deliver / complete work | [____] | [____] | [____] | [____] |
| Insolvency-related event | [____] | [____] | [____] | [____] |
| Repeated breach | [____] | [____] | [____] | [____] |
This Lease supplies no fixed eviction notice, automatic possession, self-help,
statutory lien, rent acceleration, reentry, reletting formula, fee award,
injunction, specific performance, cumulative remedy, or bankruptcy default.
Counsel must coordinate the contract with the current procedure and actual
remedy sought.
| Dispute issue | Selected term |
|---|---|
| Governing law | Colorado, subject to property and conflicts review |
| Negotiation / escalation | [________________________________] |
| Mediation | [________________________________] |
| Arbitration institution, rules, seat, scope, and court-relief route | [________________________________] |
| Judicial forum, venue, and jurisdiction | [________________________________] |
| Jury treatment | [________________________________] |
| Provisional relief and security | [________________________________] |
| Attorney fees and costs | [________________________________] |
15. Notices and General Terms
| Issue | Selected term |
|---|---|
| Notice recipients and addresses | [________________________________] |
| Permitted delivery methods | [________________________________] |
| Effective receipt events and evidence | [________________________________] |
| Emergency and statutory notices | [________________________________] |
| Amendment and waiver | [________________________________] |
| Entire agreement and incorporated documents | [________________________________] |
| Severability / invalid-term treatment | [________________________________] |
| Recording / memorandum | [________________________________] |
| Confidentiality and required disclosures | [________________________________] |
| Counterparts and signature method | [________________________________] |
| Survival by obligation | [________________________________] |
No delivery method has a preset receipt date, and no electronic signature or
copy is declared an “original” for every purpose by this template.
16. Signatures
The Parties confirm that Exhibits A through I are complete or intentionally
marked not applicable.
| Landlord | Tenant |
|---|---|
| By: __________________________ | By: __________________________ |
| Name: [____________________] | Name: [____________________] |
| Title: [____________________] | Title: [____________________] |
| Date: [__/__/____] | Date: [__/__/____] |
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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