A Utah commercial lease agreement is a contract for a tenant to lease retail, office, or industrial space. The agreement defines the responsibilities and rights for both landlords and tenants, as well as provides details about penalties, deadlines, payment of rent, and other items.
The Utah law that governs commercial leases is Utah Code Chapter 2a. These types of leases are longer and more complicated than a residential lease, so consulting with a lawyer is advisable.
Writing Utah Commercial Lease Agreements
A Utah commercial lease agreement should generally contain the following:
- Landlord’s name and contact information
- Tenant’s name and contact information
- Description and authorized use of the lease property
- Type of lease (gross, modified-gross, or triple-net)
- Term of the lease and the start date
- Option for renewal (if any)
- Penalty for late or 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
- Landlord and tenant contact information and form for legal service
- Place for the signatures of all parties
- Miscellaneous terms specific to the lease
