Virginia Commercial Lease Agreement

Lease office, retail or other business premises to a tenant with this Virginia 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 is a downloadable legal form available in MS Word format.

Before that business tenant takes possession of the premises, get a guaranty from an owner of the business to secure the payment and performance of the tenant's obligations with this Guaranty of Commercial Lease form for Virginia landlords.

• The guaranty is unconditional and continuing and will not be affected by any amendment to or extension or assignment of the lease.
• The guaranty is also not affected if the tenant becomes bankrupt or insolvent.
• The guarantor is primarily liable, which means that the landlord can take legal action against the guarantor even before commencing suit against the tenant.

Download the Virginia Guaranty of Commercial Lease and make sure to get a signed copy each time you lease to a new tenant.

VA commercial landlords, renew a tenant's lease of business space with this Virginia Renewal and Extension of Commercial Lease.

• The tenant has no further right to extend or renew the lease.
• The renewal contract sets out the new expiry date and the rental payments for the renewal term.
• All other terms and provisions of the original premises lease remain in full force and effect.
• This Agreement is for commercial leases. For residential properties, a different form is required.
• Easy to use, fully editable so you can customize it to your exact needs.
• Intended to be used only in the Commonwealth of Virginia.