A professional Warehouse Lease Agreement Templates can be very convenient for you to make a proper Lease Agreement.
Free Warehouse Lease Agreement Templates
When a landlord rents or leases his/her property in a building or a separate entity for a workspace to a tenant (individual or company), they have to sign a legal document called the Warehouse Lease Agreement and agree to the terms and conditions specified within it.
Here are some Warehouse Lease Agreement Templates which can be easily customized.
Source: bestsamples.org
When you lease an office, industrial space, retail space, or restaurant, there are certain guidelines to be followed when making a Warehouse Lease Agreement. Here you can find the description of those aspects to consider:
Aspects of the Warehouse Lease Agreement
Property Specifications
This entirely depends on the landlord to lease a property or space for warehouse. It must satisfy the codes and laws specified and legal terms to use it for commercial purpose. If all the laws are satisfied, next thing is whether the particular space is sufficient to be used as a warehouse or not.
Property Use
It is dependent on the landlord to give the space on rent for commercial use. But the type of business must be specified by the tenant on the Warehouse Lease Agreement.
Exclusive Use
The landlord has to decide if the tenant will be allowed for exclusive use. This means that he will be the only party to have a warehouse in the leased space.
Lease Terms
The lease terms must be clearly specified on the Warehouse Lease Agreement where the commercial terms might follow any one as follows: weekly, monthly, annually or on long term basis.
Operating Costs
The tenant has the option to choose either to pay a percentage of the utilities and operating costs, or a fixed rate over and above their rent. The cost distribution is in the hands of the landlord, i.e. whether the tenant has to pay directly to the utility companies or via the landlord.
Taxes
The taxes are to be paid on the property you own. So, in some cases, the landlords wish that tenants must share the property taxes. The amount to be paid would be a fixed one or on percentage is totally dependent on the landlord.
Free Warehouse Lease Agreement Templates in Word
Below are previews and download links for these professionals and simple Warehouse Lease Agreement Templates.
Source: templatelab
Parking
Since, the warehouses are leased, thus commercial vehicles have to go to and from and also other vehicles. Do not forget to mention about the parking space in the Warehouse Lease Agreement. It is in the hands of the landlord to charge fee additionally for it or add in the total rent amount.
Improvements / Add-ons
When a property or space is converted into a warehouse, there is a possibility to make some additional arrangements or improvements in the space. Thus, landlord may either do the changes and charge from the tenant or might allow the tenant to make changes and give charges to the constructer directly. The terms and conditions regarding the repair, maintenance, and changes must be specified in the Warehouse Lease Agreement to avoid confusion in the future.
Fixed End Date Lease
If the agreement is of this type, then no changes or improvements can be made during the period, nor the rent or fees can be changed.
Automatic Renewal Lease
If this is mentioned in the Warehouse Lease Agreement then same terms and conditions will be applicable until the tenant or the landlord gives a notice of termination.
