Maryland warehouse lease agreement template

Agreement Title: Maryland Warehouse Lease Agreement

Date: [Date]

Parties:

Landlord: [Landlord's Full Legal Name], a [Landlord's Legal Entity Type, e.g., Maryland LLC], with a principal place of business at [Landlord's Full Address]. Contact Information: [Landlord's Phone Number], [Landlord's Email Address].

Tenant: [Tenant's Full Legal Name], a [Tenant's Legal Entity Type, e.g., Maryland Corporation], with a principal place of business at [Tenant's Full Address]. Contact Information: [Tenant's Phone Number], [Tenant's Email Address].

Property Description:

Address: The warehouse premises located at [Full Street Address], [City], [State], [Zip Code] in Maryland.

Size: Approximately [Total Square Footage or Cubic Footage] square/cubic feet.

Loading Docks: [Number] loading docks, type [Type, e.g., dock-high, ground-level].

Ceiling Height: [Ceiling Height in Feet] feet.

Overhead Doors: [Number] overhead doors, size [Size, e.g., 12' x 14'].

Warehouse Sections: Designated warehouse sections include [List of Sections, e.g., Receiving, Storage, Shipping].

Outdoor Areas: [Description of Outdoor Storage or Parking, e.g., Designated parking lot with X spaces, fenced outdoor storage area of Y sq ft].

Floor Load Capacity: [Floor Load Capacity in lbs per sq ft] lbs per square foot.

Fire Suppression: [Type of Fire Suppression System, e.g., Sprinkler system compliant with COMAR regulations].

Climate Control: [Description of Temperature or Climate Control Facilities, e.g., HVAC system with temperature range of X to Y degrees].

Office/Service Areas: [Description of Office/Service Areas, e.g., Office space of X sq ft, restrooms, breakroom].

Permitted Use:

The premises shall be used solely for lawful warehouse, distribution, light industrial, or other commercial uses specifically agreed upon: [Detailed Description of Permitted Use].

Prohibited activities include, but are not limited to: [List of Prohibited Activities, e.g., Manufacturing, Retail Sales, Storage of Hazardous Materials (except as permitted by COMAR regulations)].

Unauthorized change of use or subleasing is prohibited without the Landlord’s prior written consent, as per Maryland Commercial Law.

Lease Term:

Commencement Date: [Date Lease Term Begins].

Expiration Date: [Date Lease Term Ends].

Lease Term: [Number] years.

Renewal Options:

Option A: 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 intent to renew at least [Number] months prior to the expiration of the then-current term.

Option B: No renewal options are granted under this lease.

Early Termination:

Option A: Tenant may terminate this lease early by providing [Number] months written notice to Landlord and paying a liquidated damages fee of [Amount or Formula for Liquidated Damages].

Option B: Early termination is not permitted under this lease except as provided by Maryland law.

Rent and Security Deposit:

Base Rent: $[Base Rent Amount] per [Month/Year].

Payment Frequency: Rent shall be payable [Monthly/Quarterly] in advance, on the [Day] of each [Month/Quarter].

Escalation Clause:

Option A: The base rent shall increase annually by [Percentage] percent.

Option B: The base rent shall increase annually based on the Consumer Price Index (CPI) for [City, State] area, as published by the U.S. Bureau of Labor Statistics. The increase shall be calculated as of [Date] each year.

Option C: No rent escalation clause.

Security Deposit: $[Security Deposit Amount] to be held by Landlord as security for Tenant’s performance under this lease, subject to deductions permitted by Maryland Real Property Article.

Payment Method: Rent shall be paid by [Payment Method, e.g., check, wire transfer, ACH] to [Payment Instructions].

Late Payment: A late payment fee of [Dollar Amount or Percentage] will be assessed for payments received more than [Number] days after the due date, plus interest at the rate of [Interest Rate] per annum, not exceeding the maximum rate allowed by Maryland usury laws.

Taxes: Tenant shall be responsible for all state and local business personal property taxes, and [Percentage]% of any increases in real estate taxes above the base year of [Year], and any special assessments related to the property.

Operating Expenses:

Utilities: Tenant is responsible for the cost of [List of Utilities, e.g., electricity, gas, water, sewer].

Snow Removal: [Landlord/Tenant] is responsible for snow removal.

Landscaping: [Landlord/Tenant] is responsible for landscaping.

Waste Removal: Tenant is responsible for waste and trash removal, including any hazardous materials disposal costs in compliance with COMAR regulations.

Loading Equipment: [Landlord/Tenant] is responsible for maintenance of loading equipment and doors.

Common Area Maintenance (CAM): Tenant shall pay [Percentage]% of CAM charges, including [List of CAM Charges, e.g., common area lighting, insurance, maintenance], subject to Landlord providing a detailed annual accounting and Tenant’s right to audit Landlord’s records.

Maintenance and Repairs:

Structural Repairs: [Landlord/Tenant] is responsible for structural repairs to the roof, slab, and walls.

Non-Structural Repairs: [Landlord/Tenant] is responsible for non-structural repairs.

Pest Control: [Landlord/Tenant] is responsible for pest control.

Routine Maintenance: [Landlord/Tenant] is responsible for routine maintenance.

HVAC and Dock Plate Service: [Landlord/Tenant] is responsible for HVAC and dock plate service.

Maintenance Timelines: Repairs shall be completed within a reasonable time, considering the nature of the repair and Maryland’s implied warranty of habitability and commercial suitability. Tenant shall report any property damage or defects to Landlord promptly.

Tenant Improvements and Alterations:

Tenant shall not make any improvements, alterations, or install racking without Landlord’s prior written consent and compliance with all municipal permits.

Upon lease expiration, Tenant shall [Remove or Leave] any improvements or alterations, and restore the premises to its original condition, reasonable wear and tear excepted.

Fixtures shall be treated as [Real Property/Trade Fixtures] under Maryland law.

Insurance:

Tenant shall maintain comprehensive general liability insurance with a minimum coverage of $[Coverage Amount].

Tenant shall maintain property insurance for its goods and improvements.

Landlord shall maintain building insurance.

All policies shall include required additional insured endorsements and waivers of subrogation.

Delivery, Possession, and Surrender:

Landlord shall deliver possession of the premises on the Commencement Date.

Tenant shall surrender the premises upon lease expiration in broom-clean condition, with all repairs completed and equipment/fixtures removed (unless otherwise agreed).

Abandoned property will be disposed of in accordance with Maryland Code. Move-in and Move-out inspection reports shall be attached as addendums to this lease agreement.

Compliance with Laws:

Tenant shall comply with all Maryland occupational safety, fire prevention, and hazardous materials (COMAR) regulations, ADA, and zoning regulations.

Tenant shall obtain all necessary operating licenses and permits.

Default and Remedies:

If Tenant fails to perform any of its obligations under this lease, Landlord may provide written notice of default and a [Number] day cure period, as required by Maryland law.

Tenant shall be liable for consequential damages resulting from its default.

Landlord’s remedies include eviction under Maryland’s summary ejectment process.

Brokerage Disclosure:

[Landlord/Tenant] represents that [Broker Name] was the sole broker involved in this transaction.

[Landlord/Tenant] is responsible for paying the brokerage commission according to a separate agreement.

Transfer and Assignment:

Landlord may sell the property, subject to the terms of this lease. Landlord shall provide Tenant with Maryland statutory notice periods.

[Tenant/Landlord] shall have the right of first refusal [Yes/No].

Inspection and Entry:

Landlord may enter the premises for inspection or repairs upon [Number] hours prior written notice, except in emergencies allowed by Maryland statute.

Dispute Resolution:

Any disputes shall be resolved through negotiation, then [Mediation/Arbitration/Litigation] in Maryland courts.

Governing law is Maryland, with jurisdiction and venue in [County] County.

Notices:

All notices shall be in writing and delivered by [Delivery Method, e.g., certified mail, personal delivery] to the addresses listed above.

Force Majeure:

Neither party shall be liable for delays caused by force majeure events, as defined under Maryland legal standards.

Severability and Entire Agreement:

If any provision of this lease is held invalid, the remaining provisions shall remain in effect. This lease constitutes the entire agreement between the parties and supersedes all prior agreements. Any amendments must be in writing and signed by both parties.

Compliance with Maryland Laws:

Tenant shall comply with all applicable Maryland, county, and municipal laws, including environmental protection, anti-discrimination laws, and any specific [County/City] ordinances affecting warehouses.

Easements and Signage:

Landlord’s access/utility easements and rights of way are as recorded.

Tenant signage shall comply with local zoning codes and Landlord policy: [Description of Permitted Signage].

Security Systems:

[Landlord/Tenant] is responsible for the maintenance and compliance of security systems, fences, and camera monitoring with local privacy laws.

Business Interruption and Casualty:

Business interruption and casualty damage shall be handled according to Maryland insurance and landlord-tenant law, including restoration, rent abatement or termination rights.

Green Building Standards:

[Description of any Green Building Requirements, e.g., LEED certification]. Tenant must maintain [Specific Environmental Performance Requirements].

Real Property Taxes:

This lease is structured as a [Triple Net/Modified Gross/Gross] lease regarding real property taxes.

Confirmation of real property tax assessment status: [Details of Tax Assessment]. Tenant shall be responsible for [Percentage]% of any increase in real property taxes.

Parking and Operations:

Parking: [Description of Parking Availability]

Truck Maneuvering: [Description of Truck Maneuvering Area]

Hours of Operation: [Hours of Operation]

[Restrictions based on local truck traffic, noise, or environmental ordinances]

Licenses and Permits:

Tenant shall maintain and display all required business, occupancy, health, or food licenses relevant to its warehouse business type in Maryland.

Signatures:

Landlord:

____________________________

[Landlord's Printed Name]

Tenant:

____________________________

[Tenant's Printed Name]