Oregon Renewal and Extension of Commercial Lease

Lease office or retail space to a business tenant with this fully editable Oregon Commercial Lease Agreement.

• Renewal. Option for the tenant to renew for an additional term at the end of the lease.
• Property Taxes. Alternate provisions for taxes to be paid by either the landlord or the tenant, as applicable.
• Insurance. The tenant is responsible for carrying comprehensive public liability, fire and extended coverage insurance.
• Structural Repairs. Alternate provisions depending on whether the landlord is responsible for mechanical and structural repairs, or if the tenant is responsible for all repairs.
• Parking. Parking areas are to be shared by all tenants and their employees and customers.
• Damage or Destruction.Provisions for termination or for abatement of rent in the event of damage, destruction, or condemnation of the building.
• This lease agreement template is fully editable to fit your needs.
• Intended for use only in the State of Oregon.

Sublet all or part of your leased business space to a subtenant with this Oregon 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 Oregon.

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

A triple net lease means that the lessee covers all costs and expenses to do with the premises including structural repairs. The landlord benefits because the tenant is responsible for all expenses related to the property. The tenant benefits from lower rents and from more control over property-related expenses.

Key Provisions of Lease

• Renewal. The lessee has an option to renew the lease for an additional term.
• Responsibility for Taxes and Costs. 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.
• Repairs and Maintenance.The lessee is responsible for all alterations, improvements, maintenance and repairs.
• Additional Rent. Optional clause for percentage rent to be paid in addition to the base rent, if applicable.

Damage or Destruction

The lease contains provisions outlining the steps for abatement of rent or termination of the lease in the event of substantial 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.

Format and Legal Jurisdiction

This legal form template is available in MS Word format and is fully editable to fit your needs. It is intended to be used only in the State of Oregon.

Cancel a lease of office or retail premises with this Oregon 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.
• Intended to be used only in the State of Oregon.