Commercial Lease Renewal Template

Disclaimer

The information provided is intended solely as a sample format for lease agreement updates. It is not legal advice and should not replace consultation with a qualified attorney experienced in commercial real estate. Laws and regulations vary by jurisdiction, and modifications may be necessary to ensure compliance. The use of this template is at the user’s own risk, and we disclaim any liability for errors, omissions, or consequences resulting from its application without professional review.

This sample template for a Commercial Lease Renewal Agreement provides a general outline and may vary depending on specific circumstances and applicable laws. Modify as necessary to suit your particular situation.

Commercial Lease Renewal Agreement Sample

Parties Involved:

Lessor: ABC Properties LLC
Address: 789 Business Road, Suite 300, Los Angeles, CA 90001

Lessee: XYZ Manufacturing Inc.
Address: 456 Industrial Park, Los Angeles, CA 90002

Description of the Property:

The leased premises consist of a commercial warehouse located at 789 Business Road, Suite 300, Los Angeles, CA 90001, including all fixtures and improvements designated under the original lease agreement.

Renewal Terms and Rent:

The lease shall be renewed for an additional term commencing on __________________ and ending on __________________. The Lessee agrees to pay renewed monthly rent of $5,000, payable in advance on the first day of each month via check or electronic transfer.

Security Deposit:

The Lessee shall maintain the existing security deposit of $5,000, or as adjusted, held in accordance with applicable laws, to secure performance of the lease obligations under the renewed term.

Parties’ Obligations:

The Lessor agrees to maintain the premises in compliance with applicable building standards and laws. The Lessee shall continue to use the premises for lawful commercial purposes, keep the property in good condition, and promptly report any damages or needed repairs.

Governing Law:

This agreement shall be governed by the laws of the state of California. Any disputes arising shall be subject to the jurisdiction of the courts in Los Angeles County.

Additional Provisions:

• The Lessee shall not assign or sublease the premises without prior written consent from the Lessor.
• The Lessor retains the right to enter the premises for inspections, repairs, or emergencies with reasonable notice, as required by law.
• Any modifications to this renewal agreement must be documented in writing and signed by both parties.

Los Angeles, ______________________