Company Let Tenancy Agreement Template for United States

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Key Requirements PROMPT example:

Company Let Tenancy Agreement

"I need a Company Let Tenancy Agreement for our tech startup to lease a 5,000 sq ft office space in Austin, Texas, with a five-year term starting March 1, 2025, including provisions for future expansion rights and shared amenities usage."

Document background
The Company Let Tenancy Agreement is a specialized commercial lease agreement designed for corporate tenants in the United States. It is used when one company wishes to lease commercial property from another company, providing a comprehensive framework for the business relationship. This document includes essential elements such as corporate guarantees, maintenance responsibilities, permitted use clauses, and specific provisions for business operations. It must comply with both federal regulations and state-specific commercial tenancy laws, making it more complex than residential leases.
Suggested Sections

1. Parties: Identification of the landlord company and tenant company, including registered addresses and company numbers

2. Background: Context of the agreement and brief description of the property

3. Definitions: Key terms used throughout the agreement

4. Demise: Formal grant of the lease and term length

5. Rent and Payment Terms: Rent amount, payment schedule, and method of payment

6. Tenant Obligations: Core responsibilities of the tenant company

7. Landlord Obligations: Core responsibilities of the landlord

8. Insurance Requirements: Mandatory insurance coverage for both parties

9. Termination Provisions: Conditions and procedures for ending the tenancy

Optional Sections

1. Break Clause: Optional provisions for early termination of the lease under specified conditions

2. Service Charge Provisions: Additional charges for building services in multi-tenant buildings with shared facilities

3. Alterations Clause: Terms and conditions for making modifications to the property

4. Subletting Provisions: Terms and conditions under which the tenant may sublet the property

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the leased premises including floor plans

2. Schedule 2 - Inventory: List of fixtures, fittings, and equipment included in the lease

3. Schedule 3 - Service Charge Items: Detailed breakdown of service charge components

4. Schedule 4 - Building Rules and Regulations: Specific rules for use of the building

5. Appendix A - Floor Plans: Detailed plans showing the leased area

6. Appendix B - Corporate Authorization Documents: Evidence of authority to enter into lease

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Industries

Fair Housing Act (FHA): Federal law prohibiting discrimination in rental properties based on race, color, national origin, religion, sex, familial status, and disability

Americans with Disabilities Act (ADA): Federal legislation requiring accessibility and reasonable accommodations, particularly relevant for commercial rental spaces

Federal Lead-Based Paint Disclosure: Mandatory disclosure requirements for properties built before 1978

State Landlord-Tenant Laws: State-specific regulations covering security deposits, maintenance obligations, eviction procedures, and notice requirements

State Property Laws: State-level regulations governing property rights, obligations, zoning regulations, and building codes

State Security Deposit Laws: State-specific regulations defining maximum deposit amounts, return deadlines, and allowable deductions

Corporate Authority Requirements: Legal requirements for verification of company's legal status, authorization to enter lease agreement, and signing authority documentation

Commercial Lease Requirements: Specific provisions for commercial leases including use clauses, common area maintenance, operating expenses, and insurance requirements

Municipal Codes: Local regulations covering housing standards, business licensing requirements, and occupancy permits

Zoning Laws: Local regulations governing permitted business uses and occupancy limitations in specific zones

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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