Indiana office lease agreement template

Indiana Office Lease Agreement

This Indiana Office Lease Agreement is made and entered into as of [Date], by and between [Landlord's Full Legal Name], a [State of Incorporation] [Entity Type], with a registered business address at [Landlord's Registered Business Address] ("Landlord"), and [Tenant's Full Legal Name], a [State of Incorporation] [Entity Type], with a registered business address at [Tenant's Registered Business Address] ("Tenant").

1. Premises

The Landlord hereby leases to the Tenant, and the Tenant hereby leases from the Landlord, the office premises located at [Full Street Address, City, State, Zip Code], commonly known as [Building Name, if applicable], Suite/Floor [Suite/Floor Number] (the "Premises").

The Premises contains approximately [Square Footage] square feet of rentable area, as verified by [Method of Verification, e.g., on-site measurement, BOMA standards].

Shared Areas: The Tenant shall have the right to use the following shared areas:

• Lobby
• Restrooms
• Elevators
• Break Rooms
• Conference Facilities
• Mailroom
• Loading Dock
• Parking (see below)
• Other: [Specify Other Shared Areas]

2. Permitted Use

The Premises shall be used solely for general office purposes and for no other use. Tenant shall operate its business in compliance with all applicable municipal zoning codes, special permits, and health and safety laws, including Indiana fire code certifications and occupancy limits.

• Restrictions:
• This Lease expressly prohibits the use of the Premises for retail, medical, co-working, industrial, or residential purposes.

3. Lease Term

The term of this Lease shall commence on [Start Date] (the "Commencement Date") and shall expire on [End Date] (the "Expiration Date"), unless sooner terminated as provided herein.

• Options:
• Renewal Option: Tenant shall have the option to renew this Lease for [Number] additional term(s) of [Length of Renewal Term, e.g., 5 years] each, provided that Tenant gives Landlord written notice of its intent to renew at least [Number] days prior to the Expiration Date. Rent during the renewal term shall be determined as follows: [Rent Calculation Method for Renewal Term].
• Early Termination: Tenant shall have the option to terminate this lease early by providing [Number] days’ notice to Landlord and paying an early termination fee of [Amount or Calculation of Fee].

Holding Over: If Tenant remains in possession of the Premises after the Expiration Date without a written agreement, such holdover shall be deemed a month-to-month tenancy, subject to all the terms and conditions of this Lease, except that the monthly rent shall be [Percentage]% of the then-current monthly rent.

4. Rent

Tenant shall pay Landlord base rent in the amount of [Dollar Amount] per month (the "Base Rent"), payable in advance on the first day of each month, commencing on the Commencement Date.

• Options:
• Rent Type:
• Full Service (Gross): Rent includes all operating expenses.
• Net: Tenant pays Base Rent plus operating expenses.
• Modified Gross: Tenant pays Base Rent plus a portion of operating expenses as described below.

Payment Method: Rent shall be paid by [Payment Method, e.g., check, ACH transfer] to [Payment Instructions, e.g., Landlord's Bank Account Details].

Late Fee: If rent is not received within [Number] days of the due date, Tenant shall pay a late fee of [Dollar Amount], as permitted by Indiana law.

5. Taxes and Operating Expenses

Property Taxes: Tenant shall be responsible for [Percentage]% of any increases in real property taxes over the base tax year of [Year]. Landlord shall disclose the assessed property value if taxes are itemized.

• Options:
• Tax Pass-Through: Tenant shall pay its proportionate share of real estate taxes as billed by the taxing authority.

Common Area Maintenance (CAM): Tenant shall pay its proportionate share of CAM charges, which shall be calculated as follows: [CAM Calculation Method].

Rent Escalation: The Base Rent shall increase annually on each anniversary of the Commencement Date by [Percentage]% or by the percentage increase in the Consumer Price Index (CPI) for [CPI Index], whichever is greater. Landlord shall disclose the CPI used for escalation.

6. Security Deposit

Tenant shall deposit with Landlord a security deposit in the amount of [Dollar Amount] (the "Security Deposit") to secure Tenant's performance of its obligations under this Lease.

The Security Deposit shall be held and returned in accordance with Indiana law, including any applicable interest requirements. Landlord may deduct from the Security Deposit amounts necessary to repair damages to the Premises caused by Tenant, excluding ordinary wear and tear. Landlord shall return the Security Deposit to Tenant within [Number] days after the termination of this Lease and Tenant's surrender of the Premises, as required by Indiana statutes.

7. Utilities

• Responsibility:
• Landlord shall be responsible for providing and paying for the following utilities: [List of Utilities Paid by Landlord, e.g., Water, Sewer].
• Tenant shall be responsible for providing and paying for the following utilities: [List of Utilities Paid by Tenant, e.g., Electricity, Gas, Internet].
• Options:
• Submetering: [Specify any submetering arrangements for shared utilities].
• Pro-rata Share: [Specify the method for calculating Tenant's pro-rata share of shared utilities].

8. Alterations and Improvements

Tenant shall not make any alterations, improvements, or additions to the Premises without the prior written consent of Landlord, which consent shall not be unreasonably withheld.

Signage: All signage must comply with landlord and municipal code.

Restoration: At the termination of this Lease, Tenant shall restore the Premises to its original condition, reasonable wear and tear excepted, unless otherwise agreed in writing.

Build-outs: [Specifications for build-outs should be described here or referenced as an attachment.]

9. Repair and Maintenance

Landlord's Obligations: Landlord shall maintain the structure, roof, common areas, mechanical systems, elevators, and safety/security systems of the Building in good repair and condition.

Tenant's Obligations: Tenant shall maintain the interior of the Premises, including electrical, plumbing, carpeting, fixtures, and tenant-installed equipment, in good repair and condition. Tenant shall promptly notify Landlord of any needed repairs for which Landlord is responsible. Landlord must be given a reasonable opportunity to cure after written notice per Indiana's commercial premises maintenance doctrine.

10. Insurance

Tenant shall maintain the following insurance coverage: general liability insurance in an amount not less than [Dollar Amount], personal property insurance, casualty insurance, and rent loss protection. Landlord shall be named as an additional insured on Tenant's general liability policy. Tenant shall provide Landlord with evidence of insurance upon request.

11. Compliance with Laws

Tenant shall comply with all applicable federal, state, and local laws, ordinances, and regulations, including but not limited to building codes, life-safety codes, environmental laws, ADA or state accessibility laws, and hazardous materials rules. Tenant is responsible for obtaining and maintaining all required business licenses and permits. Tenant shall indemnify Landlord against any claims, damages, or liabilities arising out of Tenant's failure to comply with such laws.

12. Environmental Disclosure

[If the building predates 1978, include a Lead Paint Disclosure attachment.]

[Include any environmental disclosure or radon gas notification requirements, if applicable in the Indiana county.]

13. Landlord's Right of Entry

Landlord shall have the right to enter the Premises at reasonable times for the purpose of inspection, repair, or showing the Premises to prospective tenants, purchasers, or lenders, provided that Landlord gives Tenant at least [Number] hours' notice, except in cases of emergency.

14. Assignment and Subletting

Tenant shall not assign this Lease or sublet the Premises without the prior written consent of Landlord, which consent shall not be unreasonably withheld, per statutory requirements.

[Specify any rules regarding co-working or shared workspace activity, or Landlord's option to recapture space.]

15. Default and Remedies

If Tenant fails to pay rent when due or otherwise breaches this Lease, Landlord shall have the right to pursue all remedies available under Indiana law, including but not limited to eviction ("forcible entry and detainer" procedure), monetary damages, and specific performance. Landlord shall provide Tenant with written notice of default and an opportunity to cure the default within [Number] days.

• Tenant default:
• [List all scenarios resulting in tenant default]
• Landlord default:
• [List all scenarios resulting in Landlord default]

16. Dispute Resolution

Any dispute arising out of or relating to this Lease shall be resolved through good-faith negotiation, followed by mediation or Indiana arbitration, if negotiation is unsuccessful. The exclusive venue for any legal action shall be [Marion County or Other Mutually Agreed-Upon Indiana County], Indiana, and this Lease shall be governed by the laws of the State of Indiana.

17. Delivery of Possession

Landlord shall deliver possession of the Premises to Tenant in compliance with all Indiana building codes on the Commencement Date. A pre-move-in inspection shall be conducted, and the condition of the Premises shall be documented.

18. Surrender of Premises

Upon termination of this Lease, Tenant shall surrender the Premises in good condition, reasonable wear and tear excepted, and shall return all keys and access cards to Landlord. A move-out inspection shall be conducted. Any remaining property shall be handled as per IC § 32-31-3.

19. Business Tax Compliance

Tenant shall be responsible for all business tax compliance duties, including collection and remittance of Indiana sales tax on certain services, if applicable, and any local business improvement district assessments or downtown Indianapolis levies, if relevant.

20. Building Rules and Regulations

Tenant shall comply with all building rules and regulations attached hereto as Exhibit A.

21. Notice

All notices required or permitted under this Lease shall be in writing and shall be deemed to have been duly given when delivered personally or sent by certified mail, return receipt requested, postage prepaid, to the addresses set forth above. Electronic notice via email is permissible if confirmed with a read receipt to: [Landlord Email] and [Tenant Email].

22. Anti-Discrimination

Both Landlord and Tenant shall comply with all applicable state and local anti-discrimination and fair practices laws.

23. Holdover

All obligations for indemnification, insurance, and maintenance shall continue through the Lease term and any holdover period, as allowed by Indiana law.

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

Landlord:

[Landlord's Full Legal Name]

By: [Landlord's Signature]

Name: [Landlord's Printed Name]

Title: [Landlord's Title]

Tenant:

[Tenant's Full Legal Name]

By: [Tenant's Signature]

Name: [Tenant's Printed Name]

Title: [Tenant's Title]

Exhibit A: Building Rules and Regulations