Idaho office lease agreement template

Idaho Office Lease Agreement

This Office Lease Agreement (the “Lease”) is made and entered into as of [Date], by and between [Landlord Name], residing at [Landlord Address] (hereinafter referred to as "Landlord"), and [Tenant Name], residing at [Tenant Address] (hereinafter referred to as "Tenant"). If either party is an entity, please indicate the entity type here (e.g., LLC, Corp.): [Landlord Entity Type] and [Tenant Entity Type]. Landlord and Tenant agree that the terms and conditions below will govern the lease of the premises.

This Lease is executed in [County Name], Idaho, and shall be governed by the laws of the State of Idaho.

Premises:

Option A: Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, the office space located at [Street Address], [Building Name], Suite/Floor [Suite/Floor Number], [City, State, Zip Code] (the “Premises”). The Premises contains approximately [Rentable Square Feet] rentable square feet. Parcel Number: [Parcel Number] (if available).

Option B: A legal description of the Premises is attached hereto as Exhibit A.

Use of Premises:

Option A: The Premises shall be used solely for general office purposes.

Option B: The Premises shall be used solely for [Specific Type of Office Use, e.g., Accounting Office, Law Office].

Tenant shall not use the Premises for any residential, industrial, retail, storage, or hazardous purposes. Tenant shall comply with all applicable Boise/Idaho zoning codes, fire/building safety rules, and business permitting requirements.

Term:

Option A: The term of this Lease shall commence on [Start Date] and shall expire on [End Date].

Option B: Holdover: If Tenant remains in possession of the Premises after the expiration of the Term, such holdover shall be a month-to-month tenancy, terminable by either party upon [Number] days' written notice. The rent during the holdover period shall be [Percentage]% of the Base Rent in effect during the last month of the Term.

Option C: Renewal: Tenant shall have the option to renew this Lease for [Number] additional term(s) of [Number] years each, provided Tenant gives Landlord written notice of its election to renew at least [Number] days prior to the expiration of the then-current term.

Rent:

Option A: Base Rent: The base rent for the Premises shall be [Dollar Amount] per month, payable in advance on the first day of each month.

Option B: Rent Escalation: The base rent shall increase by [Percentage]% on each anniversary of the Commencement Date.

Option C: Security Deposit: Tenant shall deposit with Landlord a security deposit in the amount of [Dollar Amount]. The security deposit shall be held by Landlord in accordance with Idaho Code § 6-321 and shall be returned to Tenant within [Number] days after the termination of this Lease, less any deductions for damages to the Premises or unpaid rent.

Option D: Late Fees: If rent is not received within [Number] days after the due date, a late fee of [Dollar Amount] will be assessed. A fee of [Dollar Amount] will be charged for returned checks.

Operating Expenses:

Option A: Tenant shall pay its proportionate share of all operating expenses, including CAM (Common Area Maintenance). Tenant’s proportionate share is [Percentage]%.

Option B: Utilities:

Landlord shall be responsible for the following utilities: [List of Landlord-Paid Utilities, e.g., Water, Sewer].

Tenant shall be responsible for the following utilities: [List of Tenant-Paid Utilities, e.g., Electricity, Internet].

Tenant Improvements and Alterations:

Option A: Tenant shall not make any alterations or improvements to the Premises without Landlord’s prior written consent, which consent shall not be unreasonably withheld.

Option B: All alterations and improvements shall comply with all applicable Idaho building codes and ADA requirements. Tenant is responsible for obtaining all required permits and providing plans to Landlord for approval.

Maintenance and Repair:

Option A: Landlord shall maintain the roof, foundation, exterior walls, and common areas of the Building.

Option B: Tenant shall maintain the interior of the Premises, including fixtures and equipment.

Option C: Tenant shall promptly report any damage to the Premises to Landlord.

Insurance:

Option A: Tenant shall maintain commercial general liability insurance with limits of not less than [Dollar Amount] per occurrence and [Dollar Amount] in the aggregate.

Option B: Landlord shall maintain property insurance on the Building.

Option C: Waiver of Subrogation: To the extent permitted by law, Landlord and Tenant hereby waive all rights of recovery against each other for any loss or damage covered by insurance.

Taxes:

Option A: Landlord shall pay all real property taxes assessed against the Building.

Option B: Tenant shall pay its proportionate share of any increase in real property taxes over the base year of [Year].

Subletting and Assignment:

Option A: Tenant shall not sublet the Premises or assign this Lease without Landlord’s prior written consent, which consent shall not be unreasonably withheld.

Option B: Landlord may assign this Lease without Tenant’s consent.

Default:

Option A: If Tenant fails to pay rent when due, or if Tenant breaches any other term of this Lease, Landlord may terminate this Lease after providing Tenant with written notice and an opportunity to cure the default within [Number] days.

Option B: If Landlord fails to perform any of its obligations under this Lease, Tenant may pursue any remedies available at law or in equity.

Dispute Resolution:

Option A: Any dispute arising out of or relating to this Lease shall be resolved through negotiation and mediation. If mediation is unsuccessful, the dispute shall be submitted to binding arbitration in accordance with the rules of the American Arbitration Association.

Option B: This Lease shall be governed by and construed in accordance with the laws of the State of Idaho. Venue for any legal action arising out of this Lease shall be in [County Name] County, Idaho.

Move-In and Move-Out:

Option A: Tenant shall leave the Premises in broom-clean condition upon termination of this Lease.

Option B: Landlord shall conduct a walkthrough inspection of the Premises with Tenant prior to Tenant’s move-out.

Option C: Tenant shall return all keys, fobs, and access cards to Landlord upon termination of this Lease.

Force Majeure:

Option A: Neither party shall be liable for any failure to perform its obligations under this Lease if such failure is caused by fire, earthquake, flood, or other act of God, or by war, riot, strike, or other cause beyond its reasonable control.

Notices:

Option A: All notices under this Lease shall be in writing and shall be deemed to have been duly given when delivered personally, sent by certified mail, return receipt requested, or sent by email with confirmation of receipt, to the addresses set forth above.

Compliance:

Option A: Tenant shall comply with all applicable Idaho state and city building, environmental, fire, zoning, and licensing regulations.

Disclosures:

Option A: Landlord discloses that the Building [Does/Does Not] contain hazardous materials. If the Building was constructed prior to 1978, Landlord [Has/Has Not] provided Tenant with a lead-based paint disclosure.

Entire Agreement:

Option A: This Lease constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements, whether oral or written.

IN WITNESS WHEREOF, the parties have executed this Lease as of the date first written above.

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[Landlord Name]

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[Tenant Name]