Connecticut Commercial Lease Agreement Template

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The Connecticut Lease Agreement Template is a contract form made available so that landlords and commercial tenants may document conditions specific to their leasing agreement. Both parties should review this contract and be in full agreement over the negotiable terms, especially if it is a particularly long contract (i.e. over a year). Connecticut courts will rely heavily upon the wording of this agreement in the event there is a dispute thus each party will be held to how they represented their willingness and ability to uphold their responsibility.

As such, certain terms such as rent, security, exclusivity or subleasing should be covered. Once this lease is signed by the appropriate representatives, the entities they represent will be obligated to its terms for the duration of the contract. This will be the case regardless of whether a business closes down. That is, in an example where a business with one owner closes down prematurely, the business owner will be responsible for rent payments for the duration of the commercial lease hence, he or she may wish to sublet to another business for the remainder of the lease. This can only be done if the lease contains a sublease option or if the landlord gives written permission to the tenant. Similarly, a landlord must make sure the premises is up to county laws regulating the property (such as building codes). Since this document will have such a significant impact on both signature parties, it is highly recommended to have it reviewed by an attorney before signing it.

How to Write

Step 1 – The first paragraph will require some information regarding the date of the agreement and the parties.  First enter the day, month, and year of the contract. Then enter the full name of the landlord (lessor), his/her street address, and his/her state. Next enter the full name of the lessee, his/her street address, and state where that address is located.

Step 2The next two sections shall require information that explains the property being leased. In “Description of Leased Premises,” report the address of the property to be leased and give a concise description. In the “Use of Leased Premises,” enter the purpose the lessee has for leasing the premises.

Step 3The “Term of Lease,” will need the total amount of time in years and months the lease is in effect for entered. Then it will need the starting date of the lease and the date it terminates entered.

Step 4In the “Option to Renew,” section there will be two options with a checkbox. If the lessee has the option to extend or renew the lease check the first option and enter the length of time the lease may be extended for. If not, then check the second box.

Step 5In “Rent and Expenses,” enter the monthly amount for the rent.

Step 6Also in “Rent and Expenses,” the landlord and tenant must indicate wither this is a gross lease, modified gross lease, or Triple Net (NNN) lease. Each of these categories will have a checkbox with a space for the tenant and landlord initials. Check one of these lease types to apply it to the agreement then the landlord and tenant must both provide an initial next to the check mark. A modified gross lease will require a break-down of initial expenses by party. There will be a space in this option to list additional expenses the tenant will be responsible for. Below this will be a space to list the additional expenses of the landlord (lessor). It this is a Triple Net (NNN) lease, enter the minimum amount coverage for injury, death, and property damage a leaseholder must hold.

Step 7In the “Security Deposit” section, the amount of the security needed to enter the lease must be entered.

Step 8If the leaseholder will make improvements or alter the property, this must be attached to the lease. Also, enter alterations or improvements that a lessee is not required to pay for in the “Leasehold Improvements” section.

Step 9In the “Default and Possession” section, enter the number of days past the tenant has passed the rent’s due date before they are charged a penalty. The penalty will have to be defined and may be done so by checking one of the options. If it is in the form of an interest rate, then check the first box and enter the interest rate that will be applied. If the penalty will be in the form of a flat fee per day, check the second box and enter the dollar amount per day the tenant will have to pay.

Step 10In “Miscellaneous Terms,” (specifically in the section II) enter the name of the county or municipality that must approve any signs or ‘advertising matter’ the lessee shall place in public view

Step 11 – The lessor and lessee must both provide an address where they will officially receive notices from one another in relation to the lease or the property itself. Each will have a designated space to enter an address and contact information in item 22 (“Notices”).

Step 12The “Binding Effect” section will solidify this contract with acknowledging signatures from each party. Enter the date of the contract in the first paragraph. Then both the lessor and lessee must sign their names and print his/her name next to his/her signature.

Step 13The next section may only be filled out by a Notary Public. Do not fill this section out. The notary must provide the state, county, date, and name(s) of the principle of power. They must sign their name and include when his/her commission will end.