A Hawaii commercial lease agreement is a binding contract for a tenant to lease office, retail, or industrial space. The agreement determines the responsibilities and rights for both the landlord and the tenants, as well as details about rent, deadlines, penalties, and other details.
Commercial leases are typically longer and more complicated than other leases, so consulting with a lawyer is advisable.
Writing Hawaii Commercial Lease Agreements
A Hawaii 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 commencement date
- 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 the responsible parties for certain expenses and utilities
- Security deposit policy
- Leasehold improvements allowed by the landlord
- Additional terms as needed (including municipal codes and restrictions)
- Place for the signatures of all parties
- Lease-specific terms
