A Connecticut commercial lease agreement is a binding contract for a tenant to lease office, retail, 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 items.
Commercial leases are generally more complex than residential leases. Consulting an attorney is advisable.
Writing Connecticut Commercial Lease Agreements
An Connecticut 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
- Authorized use of the lease property
- Term of the lease and the start date
- Description of the lease property
- Security deposit policy
- Type of lease (gross, modified-gross, or triple-net)
- Option to renew the lease (if any)
- Rent and landlord’s profit participation in operations (if any)
- Penalty for late/non-payment of rent (including eviction process)
- Designation of who pays utilities and other expenses
- Permissible leasehold improvements allowed by the landlord
- Additional terms as needed (including municipal codes and restrictions)
- Jurisdiction and reference to Connecticut state law
- Any lease-specific terms
