When it comes to tenancy agreements for office spaces, it is important to have a clear and comprehensive document that outlines the terms and conditions of the agreement between the landlord and the tenant. A well-written agreement can help prevent disputes and misunderstandings down the line.
Here is a simple sample tenancy agreement for an office:
1. Parties: This agreement is made between [Landlord`s Name] (“Landlord”) and [Tenant`s Name] (“Tenant”) for the lease of [Office Address].
2. Term: The term of this agreement shall be [insert duration of lease]. This agreement shall commence on [insert commencement date] and shall expire on [insert expiry date]. Unless either party notifies the other in writing of their intention not to renew this agreement at least [insert notice period] days prior to the expiry date, the agreement shall automatically renew for [insert renewal term].
3. Rent: The Tenant shall pay rent to the Landlord in the amount of [insert rental amount] per month, due on the [insert due date] of each month.
4. Security Deposit: The Tenant shall pay a security deposit of [insert security deposit amount] to the Landlord prior to the commencement of the lease. This security deposit shall be returned to the Tenant at the end of the lease period, provided that there is no damage to the premises or breach of this agreement.
5. Use of Premises: The Tenant shall use the premises exclusively as an office and for no other purpose. The Tenant shall not sublet the premises or allow any other person or entity to occupy the premises without the Landlord`s written consent.
6. Maintenance and Repairs: The Tenant shall be responsible for keeping the premises clean and in good condition during the term of this agreement. The Landlord shall be responsible for major repairs and maintenance unless such damages are caused by the Tenant`s negligence or intentional acts.
7. Alterations: The Tenant shall not make any alterations to the premises without the Landlord`s written consent.
8. Insurance: The Tenant shall maintain general liability insurance, contents insurance, and business interruption insurance for the duration of the lease.
9. Termination: This agreement may be terminated by either party upon [insert termination notice period] days` written notice to the other party if there is a breach of the agreement.
10. Governing Law: This agreement shall be governed by and interpreted in accordance with the laws of [insert governing law].
This simple sample tenancy agreement for office spaces is a good starting point for landlords and tenants to draw up their own agreement that suits their individual needs. It is important to review and understand all the terms and clauses before signing the agreement.
