Ohio Renewal and Extension of Commercial Lease

Sublet all or part of your leased business space to a subtenant with this Ohio Commercial Sublease Agreement.

• The Sublease can be used for office, retail shopping or other business premises.
• The subtenant pays the security deposit and the rent to the original tenant, who in turn pays the landlord.
• The original tenant must still perform its obligations under the head lease for the duration of the lease term.
• The original tenant assigns its interest in the sublease to the landlord.
• The original tenant directs the subtenant to pay rent directly to the landlord if the original tenant defaults in any of its obligations under the head lease.
• Available in MS Word format.
• Intended for use only in the State of Ohio.

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

This Commercial Triple Net Lease Agreement is designed for leasing office, retail, or other business premises in the state of Ohio. The agreement sets forth the responsibilities and obligations of both the lessor and the lessee, with particular emphasis on the triple net nature of the lease.

Triple Net Lease

Under this agreement, the tenant (lessee) is responsible for paying all costs and expenses associated with the leased premises. This includes covering structural repairs, ensuring that the property is maintained in good condition, and handling all financial obligations tied to the property.

Renewal Option

The lease provides the lessee with the option to renew the agreement for an additional term upon the expiration of the initial lease period.

Taxes and Charges

The lessee is obligated to pay all expenses, taxes, levies, and charges related to the premises. This also encompasses all utilities, services, and operating expenses necessary for the conduct of the lessee’s business.

Insurance Requirements

The lessee must carry appropriate insurance coverage, including fire, extended coverage, and liability insurance, to protect both the property and the interests of the parties involved in the lease.

Alterations, Improvements, and Repairs

All alterations, improvements, maintenance, and repairs to the premises are the responsibility of the lessee. The lessee must ensure that any changes or enhancements comply with applicable regulations and maintain the integrity of the property.

Damage or Destruction

The agreement contains provisions addressing situations involving damage, destruction, or condemnation of the building. These clauses outline potential abatement of rent or termination of the lease if such events occur.

Subordination

The lessee agrees to execute a subordination agreement or any other necessary documents to subordinate the lease to a mortgage or other charge, should the lessor require it.

Additional Rent

The lease may include an optional clause requiring the lessee to pay percentage rent in addition to the base rent, if applicable.

Template Format and Jurisdiction

This template is available in MS Word format and can be fully edited to suit your specific needs. The document is intended to be used only in the State of Ohio.

Secure the obligations of a corporate tenant / lessee under a commercial lease in the State of Ohio 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 template is provided in MS Word format and is fully editable to meet your exact needs.
• Intended to be used only in the State of Ohio.

Cancel a lease of office or retail space with this Ohio Mutual Cancellation of Commercial Lease form.

• This agreement is only for commercial tenancies. Use this form for residential tenants.
• The lessor (landlord) and lessee (tenant) mutually agree that the lease will terminate as of a specific date.
• All rights and obligations of the parties under the lease are extinguished, except for those which accrue prior to the termination date.
• Available in MS Word format - downloadable and fully editable to fit your needs.
• Intended to be used only in the State of Ohio.