Delaware Mutual Cancellation of Commercial Lease

Cancel a business lease of office or retail space with this Delaware Mutual Cancellation of Commercial Lease template.

  • This agreement is for commercial tenants only. You need a different form for residential rental properties.
  • Both the lessor and lessee mutually agree to terminate the lease as of a specific date.
  • The cancellation of the lease extinguishes all the rights and obligations of the parties under the lease, except for those which accrue prior to the termination date.
  • This form is available as a downloadable and fully editable Word document.
  • Intended for use only in the State of Delaware.
Document Type: Microsoft Word
Last Updated: 16-December-2024
SKU: 1907
$2.29
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Picture of Delaware Commercial Lease Agreement

Delaware Commercial Lease Agreement

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.
$29.99
Picture of Delaware Commercial Triple Net Lease Agreement

Delaware Commercial Triple Net Lease Agreement

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

  • Triple Net Lease. A triple net lease means that the lessee covers all costs and expenses to do with the premises including structural repairs.
  • Renewal. The lessee has an option to renew the lease for an additional term.
  • Taxes and Charges. The lessee will pay all expenses, taxes, levies, and charges with respect to the premises, all utilities and services, and operating expenses for its business.
  • Insurance. The lessee is responsible for carrying fire, extended coverage, and liability insurance.
  • Alterations and Repairs. The lessee is responsible for all alterations, improvements, maintenance and repairs.
  • Damage or Destruction. Clauses outlining abatement of rent or termination of the lease the event of damage, destruction, or condemnation of the building.
  • Subordination. The lessee agrees to sign a subordination agreement or other documents necessary to subordinate the lease to a mortgage or other charge, if required by the lessor.
  • Additional Rent. Optional clause for percentage rent to be paid in addition to the base rent, if applicable.
This Delaware Commercial Triple Net Lease Agreement template is available in MS Word format, and is fully editable to fit your needs.
$29.99