A Georgia commercial lease agreement is a binding contract for a tenant to lease industrial, retail, or office space. The agreement sets the responsibilities and rights for both landlords and tenants, as well as details about rent, deadlines, penalties, and other items.
The Georgia law that governs commercial leases is Georgia Code Title 11. Commercial leases are generally more complex than a residential lease, so consulting with a lawyer is advisable.
Writing Georgia Commercial Lease Agreements
A Georgia commercial lease agreement should generally contain the following:
- Tenant’s name and contact information
- Landlord’s name and contact information
- Property manager’s name and contact information (if any)
- Description of the property
- Authorized use of the property
- Type of lease (gross, modified-gross, or triple-net)
- Term of the lease and the start date
- Option to renew the lease, if providing the option
- Rent and landlord’s profit participation in operations (if any)
- Penalty for late or non-payment of rent
- Designation of the responsible parties for certain expenses and utilities
- Security deposit and refund policy
- Permissible leasehold improvements
- Landlord and tenant contact information and form for legal service
- Jurisdiction and reference to Georgia state law
- Place for the signatures of all parties
- Miscellaneous terms specific to the lease
