A Missouri commercial lease agreement is a binding contract to lease office, retail, or industrial space to a tenant. The agreement sets the rights and duties for both landlords and tenants, as well as information about rent, deadlines, penalties, and other items.
The Missouri law governing commercial leases is Missouri Code Title 29, Chapter 441. These types of leases are longer and more complicated than a residential lease, so consulting with a lawyer is advisable.
Writing Missouri Commercial Lease Agreements
A Missouri commercial lease agreement should generally contain the following:
- Landlord’s contact information
- Property manager’s contact information (if any)
- Tenant’s name and contact information
- Description of the property
- Authorized use of the property
- Type of lease (gross, modified-gross, or triple-net)
- Term of the lease and important dates
- 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 and refund policy
- Permissible leasehold improvements
- Landlord and tenant contact information and form for legal service
- Place for signatures of all parties
- Miscellaneous terms specific to the lease
