A Colorado commercial lease agreement is a binding contract for a tenant to lease retail, office, or industrial space. The agreement sets the responsibilities and rights for both landlords and tenants, as well as details about rent, deadlines, penalties and other details.
The Colorado law that governs commercial leases is Colorado Code Title 4 – Uniform Commercial Code Article 2.5. Commercial leases are generally more complex than a residential lease, so consulting with a lawyer is advisable.
Writing Colorado Commercial Lease Agreements
An Colorado commercial lease agreement should generally contain the following:
- Landlord’s name and contact information
- Property manager’s name and contact information (if any)
- Tenant’s name and contact information
- Description of the lease property
- Authorized use of the lease property
- Type of lease (gross, modified-gross, or triple-net)
- Term of the lease and the commencement date
- Option to renew the lease (if applicable)
- Rent and landlord’s profit participation in operations (if any)
- Penalty for late or non-payment of rent (including eviction process)
- Designation of the responsible parties for certain expenses and utilities
- Security deposit and refund policy
- Permissible leasehold improvements allowed by the landlord
- Additional terms as needed (including municipal codes and restrictions)
- Landlord and tenant contact information and form for legal service
- Jurisdiction and reference to Colorado state law
- Lease-specific terms
