Georgia Commercial Sublease Agreement

Lease business space to tenants with this customizable Georgia Commercial Lease Agreement.

• The tenant has the option to renew the lease for one additional term.
• Alternate provisions for property taxes to be paid by either the landlord or the tenant, as applicable.
• 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 available in MS Word format.
• Intended for use only in the State of Georgia.

 Draw up a contract to manage business properties in Georgia with this Commercial Property Leasing and Management Agreement template.

This template is provided in MS Word format, and is fully customizable and reusable.

Key Provisions

• Exclusive Contract. The manager is retained on an exclusive basis to rent, lease and manage the rental property.
• Compensation. The manager will be paid a percentage of the monthly rental amount for the property. If the manager undertakes additional work outside the scope of its duties, additional fees will be payable.
• Powers of Manager. The owner authorizes the manager to collect rents, sign leases, issue late payment notices, undertake eviction proceedings, purchase supplies, hire staff, make repairs, and pay all recurring bills on the property.
• Trust Accounts. The manager will maintain two trust accounts, one for the security deposits and one for the operating funds.
• Indemnity. The property owner indemnifies the manager against claims arising from managing the property, including claims arising from the owner not making full disclosure about the property.
• Insurance. The manager is authorized to put in place fire, liability, steam boiler, pressure vessel and any other type of insurance required to be maintained on the property.

Legal Jurisdiction

This Commercial Property Leasing and Management Agreement template was prepared in accordance with the laws of the State of Georgia and should only be used within Georgia.

Commercial landlords in Georgia can use this standard form of Guaranty to obtain a personal guarantee of a tenant's performance under a commercial lease.

• The Guaranty is a condition precedent to the landlord executing the lease.
• This is a continuing guaranty that will survive any extension, modification or assignment of the lease, and it will remain in force until all payments required by the lease have been paid to the landlord.
• The guarantor waives the right to any notice of the tenant's nonpayment and any subrogation rights against the landlord.

To download a copy of the Georgia Guaranty of Commercial Lease, just add it to your shopping cart and checking out using one of the payment options provided.