Office Space Lease Agreement Template

How to Write an Office Space Lease Agreement?

Writing an Office Space Lease Agreement is a straightforward process. Nevertheless, it can cause some difficulties, especially if the lessor does not have experience in writing legal documents. The agreement should, at the very least, include the following parts:

1. Introduction. The document should start with a title that will state its nature and a date when the involved parties have entered the agreement.
2. Information About the Parties. Here the parties can designate their full names for identification purposes.
3. Office Space Description. The lessor can use this part of the agreement to indicate information about the space that will be rented, such as its full address, floor, square footage, and other characteristics.
4. Rental Payment Details. In this part of the document, the lessor can state clauses that regulate lease payments. It can include information about when and how the monthly payments are supposed to be transferred, whether the rent will be pro-rated and when, how the lessee is supposed to pay a late charge, and so on.
5. Lease Period. Parties are supposed to designate the period of the rent. It can also include clauses that regulate the prolongation of the agreement (if applicable).
6. Terms and Conditions. Here, the parties can indicate the statements that will regulate the relationship between them. It can include their rights and responsibilities, such as repair and maintenance, subletting, liability, etc.
7. Governing Law. Parties should mention the state law in accordance with which the agreement will be governed.
8. Signatures. At the end of the agreement, the parties should sign it. It will prove that the information presented here is true and correct and that the parties intend to follow the agreement to direct their relationship.

How to Lease Office Space?

If the lessor has professional office space for lease and is thinking about how to start renting it, they can follow several steps described below.

1. Advertising Office Space. One of the most convenient methods to find potential lessees fast is to post an advertisement on websites whose primary focus is on office space. If the lessor does not want to manage the process of searching for prospective lessees themselves, they can delegate these responsibilities to special services.
2. Lessee Showings. Even though the advertisement can be very descriptive, it will be easier for potential lessees to make up their minds after they see the office space in person. Showings will help prospective lessees understand whether the office space has everything they require for comfortable and productive work.
3. Background Checks. Doing the screening of a potential lessee can help to figure out whether they had any payment problems in the past. Generally, it is a crucial point and can influence the whole process of choosing a prospective lessee.
4. Negotiating and Signing the Agreement. Before signing the lease the involved parties should look through each contract statement and make sure they understand and agree with it. After the Office Space Lease Agreement is signed all changes made to it are only valid if they are made in writing and signed by both involved parties.

Check out these property-related topics:

• Warehouse Lease Agreement;
• Billboard Lease Agreement;
• Storage Space Lease Agreement.