Here are professionally designed Free Restaurant Lease Agreement Templates. Feel free to make a perfect Lease Agreement according to your need.
Restaurant Lease Agreement can also be referred to as a commercial lease agreement. It is a legal written contract that is used when renting a property of business use to or from another party or company. It gives the tenant the right to use the premises for business purposes during the term of the lease in exchange for cash payment to the landlord or the owner.
Restaurant Lease Agreement Guidelines
This article will discuss Restaurant Lease Agreement guidelines.
Identify the Parties
When identifying the parties involved the Restaurant Lease Agreement will show the name and telephone number of the landlord or the company owning the premises and the name and telephone number of the tenant. Here you will also indicate the date, month, and year of the lease agreement. In the case of multiple tenants you can create joint and several liability leases.
The landlord or the company owning the property will indicate the size of the building, space, location and full address of the premises.
Free Restaurant Lease Agreement Templates
Check out these best Restaurant Lease Agreement Templates which can be easily download and editable.
More Tips To Create Restaurant Lease Agreement
Some more tips to draft a Restaurant Lease Agreement Template.
Lease Agreement Term
This will show the date, month and the year of the lease start and the date, month and the year of the lease termination. The Restaurant Lease Agreement can be terminated if either of the party violates the terms and conditions of the agreement or if the tenant wishes to vacate the property.
This will show the agreed payments between the landlord and the tenant. When writing a Restaurant Lease Agreement this part should clearly indicate the amount of rent in cash and the date it should be paid to the landlord. The landlord will indicate either the tenant will be paying the rent every begging of the month or every 5th day of the month.
This is the amount of money that the tenant should deposit with the landlord to serve as protection for the landlord if the tenant damages or violates the terms and conditions of the Restaurant Lease Agreement. The landlord can use part or all the security deposit to repair any damage to the property caused by the tenant.
From the first day of the term of the Restaurant Lease Agreement the tenant is entitled to possession of the property and shall defer the possession to the landlord on the last day of the term of this lease agreement, unless otherwise agreed by both parties. At the end of the lease term the tenant shall vacate the premises or wish to renew the lease agreement.
Use of the Restaurant
This will indicate the purpose of the business the tenant should not conduct any other business beside the restaurant or coffee shop which will be indicated on the Restaurant Lease Agreement, without the prior consent of the landlord. Conducting other business other than the Restaurant without the knowledge of the landlord will be violation of the lease agreement which can lead to the termination of the lease term and the tenant forced to vacate.
The landlord will instruct and give approval of the places where the tenant can install advertisement signs, billboards or burners. And in the case where the tenant requires making improvements on the property to allow them to conduct the business with ease, the landlord needs to approve the improvements depending on what they are.
Since it is a commercial premise, it should have a parking lot. The parking can be either free or included in the rent.