A Montana 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 information about rent, deadlines, penalties, and other items.
The Montana law overseeing commercial leases is Montana Code Title 70, Chapter 26. These types of leases are more complicated than a residential lease, so consulting with a lawyer is recommended.
Writing Montana Commercial Lease Agreements
A Montana 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
- Description of the property
- Authorized use of the property
- Type of lease (gross, modified-gross, or triple-net)
- Term, start, and end date of the lease
- Option to renew the lease
- 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
- Permissible leasehold improvements
- Landlord and tenant contact information and form for legal service
- Place for the notarized signatures of all parties
- Miscellaneous terms specific to the lease
