Delaware

Delaware landlords, assign your tenant's lease to a new owner of the property with this easy-to-use Assignment of Lease by Landlord form.

• The Assignment is between the current landlord, the purchaser of the property (new landlord) and the tenant.
• The current landlord assigns the lease to the new landlord, and the tenant covenants to pay rent to the new owner and continue to perform the tenant's obligations under the lease.
• The current landlord and the purchaser agree to indemnify each other against any claims or actions arising out of any breach of the terms of the assignment.
• This form can be used for either commercial or residential rental properties.
• Available in MS Word format.
• Intended to be used only in the State of Delaware.

Lease office, retail shopping or other business space to a tenant with this standard-form Delaware Commercial Lease Agreement.

• The tenant has an option to renew the lease at the end of the term.
• Optional clauses for payment of the property taxes by either the landlord or the tenant, as agreed to between the parties.
• The tenant is responsible for carrying comprehensive public liability, fire and extended coverage insurance.
• Optional clauses included if (i) the landlord is responsible for mechanical and structural repairs, and (ii) if the tenant is responsible for all repairs.
• Parking areas are to be shared by all tenants and their employees and customers.
• Procedures in the event of damage, destruction, or condemnation of the building.
• The tenant accepts the lease subordinate to any mortgage or other lien against the property.
• The tenant agrees to provide an estoppel certificate upon request by the landlord.
• This lease template is a downloadable MS Word document.
• Intended for use only in the State of Delaware.

DE commercial tenants, sublet all or part of your space to a subtenant with this Delaware Commercial Sublease Agreement for office, retail shopping or other business premises.

• The subtenant must pay a security deposit to the original tenant.
• The subtenant pays the rent to the original tenant, who in turn pays the landlord.
• The original tenant must still perform its obligations under the head lease.
• The original tenant assigns its interest in the sublease to the landlord.
• The subtenant must pay the rent directly to the landlord if the original tenant defaults in any of its obligations under the head lease.
• This legal agreement template is available in MS Word format.
• Intended for use only in the State of Delaware.

Lease office, retail or other business premises in Delaware to a tenant with this template Commercial Triple Net Lease Agreement.

This template provides a comprehensive agreement for leasing office, retail, or other business premises in Delaware. The agreement is designed to clearly outline the responsibilities and obligations of both the landlord (lessor) and tenant (lessee).

Triple Net Lease

Under a triple net lease, the lessee is responsible for covering all costs and expenses associated with the leased premises. This includes not only routine expenses but also structural repairs, ensuring the property is maintained to a high standard throughout the term of the lease.

Renewal Option

The agreement grants the lessee the option to renew the lease for an additional term. This provides flexibility and security for tenants wishing to continue their business operations beyond the initial lease period.

Taxes, Charges, and Operating Expenses

The lessee is obligated to pay all expenses, taxes, levies, and charges related to the premises. This responsibility extends to all utilities, services, and operating expenses incurred as part of running their business.

Insurance Requirements

It is the lessee’s duty to maintain appropriate insurance coverage, including fire, extended coverage, and liability insurance, to protect the premises and their business activities.

Alterations, Improvements, and Repairs

All alterations, improvements, maintenance, and repairs to the premises fall under the lessee’s responsibility. This ensures that the property remains in good condition and any necessary updates or repairs are promptly addressed.

Damage, Destruction, or Condemnation

The agreement contains clauses detailing the procedures for rent abatement or lease termination in the event the building is damaged, destroyed, or condemned. These provisions provide guidance and protection for both parties should unforeseen circumstances arise.

Subordination

The lessee agrees to sign a subordination agreement or any other necessary documents, if required by the lessor, to subordinate the lease to a mortgage or other charge. This ensures that the lease remains subordinate to the lessor’s financing arrangements.

Additional Rent

An optional clause may be included for percentage rent, requiring the lessee to pay an additional amount based on the performance of their business, on top of the base rent. This can be tailored to suit the specific needs of the parties involved.

Template Features

This Commercial Triple Net Lease Agreement template is provided in MS Word format and is fully editable, allowing users to customize it to fit their particular requirements.

Jurisdiction

This lease template is meant to be used only in the State of Delaware.

Secure the obligations of a corporate tenant / lessee under a commercial lease in the State of Delaware with this unconditional and continuing Guaranty of Commercial Lease.

• The guaranty is given by a principal of the company, such as a shareholder, partner, sole proprietor or some other person with a financial interest in the tenant.
• A guarantee of this type is typically required as an inducement to the lessor ⁄ landlord to sign the lease.
• The guarantor guarantees payment of all rent and other amounts due under the lease, including the payment of legal fees incurred by the landlord in enforcing the terms of the lease.
• This legal form template is provided in MS Word format and is fully editable to meet your exact needs.
• Intended for use only in the State of Delaware.

Renew and extend a business tenant's lease with this downloadable Delaware Renewal and Extension of Commercial Lease form.

• The lease is renewed for an additional period (which can be a full lease term or whatever period of time the landlord and tenant agree to).
• The tenant has no further right to extend or renew the lease.
• The new rental amount for the extended term is set out.
• The remaining terms and provisions of the original lease remain in full force and effect.
• This form is for commercial leases only. You will need to use a different form for residential tenancies.
• Intended to be used only in the State of Delaware.