Office Lease Agreement (Multi-Tenant Gross Lease) (Pro-Landlord Short Form)

by Practical Law Real Estate

A short form office lease agreement for use in a multi-tenant office building. This Standard Document creates a "gross lease" rent scheme where the tenant pays a fixed rent, while the landlord covers all operating expenses, property taxes, and similar building costs. The lease is drafted in favor of the landlord and contains several provisions commonly found in a landlord's form lease, including rent payments, repair obligations, insurance standards, and rights and remedies upon a default. The agreement also establishes key tenant rights and obligations, including the use of premises, extension options, and procedures for assignment and subletting. Though an office lease is primarily governed by state and local laws, the information contained in this resource is useful and relevant to landlords and tenants in every state. This Standard Document has integrated notes with important explanations and drafting and negotiating tips to suit specific business needs for an office lease.