Industrial/Warehouse Lease (Pro-Landlord with Pro-Tenant Optional Provisions) (CA)

by Practical Law Real Estate

An industrial/warehouse lease for premises within a multi-building complex in California. This pro-landlord lease provides a framework for negotiation by also including optional pro-tenant provisions. This Standard Document outlines the essential terms of a triple net lease, where the tenant covers its proportionate share of operating expenses and real estate taxes. Key provisions address critical aspects of the landlord-tenant relationship, such as the structure for delivering the premises, construction of tenant improvements, maintenance obligations for both parties, insurance requirements, and indemnification. This resource also navigates complex issues like assignment and subleasing rights, events of default, and available remedies. It addresses environmental compliance, including obligations related to hazardous materials and regulations like the South Coast Air Quality Management District (SCAQMD) Rule 2305. Provisions concerning damage, destruction, eminent domain, subordination, and a lease extension option are also detailed, providing a thorough model for industrial tenancies.