An Ohio commercial lease agreement is a binding contract for a tenant to lease office, retail, or industrial space. The agreement sets the duties and rights for both landlords and tenants, as well as details about rent, deadlines, penalties, and other items.
The Ohio law that governs commercial leases is Chapter 1310, Title 13. These types of leases are more complex than a residential lease, so consulting with a lawyer is advisable.
Writing Ohio Commercial Lease Agreements
An Ohio commercial lease agreement should generally contain the following:
- Landlord’s name and contact information
- Tenant’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, triple-net, or modified-gross)
- 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 and refund policy
- Leasehold improvements allowed by the landlord
- Landlord and tenant contact information and form for legal service
- Place for the notarized signatures of all parties
- Miscellaneous terms specific to the lease
