A Louisiana 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 items.
Commercial leases are longer and more complicated than a residential lease, so consulting with a lawyer is advisable.
Writing Louisiana Commercial Lease Agreements
A Louisiana commercial lease agreement should generally contain the following:
- Landlord’s name and information
- Property manager’s name and contact information (if using)
- Tenant’s name and information
- Description of the lease 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 amount and how to pay it
- Penalty for late/non-payment of rent (including eviction process)
- Designation of the responsible parties for certain expenses and utilities
- Security deposit
- Permissible leasehold improvements allowed by the landlord
- Landlord and tenant contact information and form for legal service
- Place for the notarized signatures of all parties
- Lease-specific terms
