Nevada office lease agreement template

Nevada Office Lease Agreement

This Nevada Office Lease Agreement (the “Agreement”) is made and entered into as of this [Date], by and between [Landlord's Full Legal Name], a [Landlord's Entity Type, e.g., Nevada Corporation], with a principal place of business at [Landlord's Full Address] (hereinafter referred to as “Landlord”), and [Tenant's Full Legal Name], a [Tenant's Entity Type, e.g., Nevada LLC], with a principal place of business at [Tenant's Full Address] and Nevada Business License Number [Tenant’s Nevada Business License Number] (hereinafter referred to as “Tenant”).

Premises:

Option A: Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, the premises located at [Street Address], [Suite/Unit Number], [City], Nevada [Zip Code], also identified as Parcel Number [Assessor Parcel Number] (the "Premises"), consisting of approximately [Square Footage] square feet on the [Floor Number] floor, as depicted on Exhibit A attached hereto.

Option B: Landlord hereby leases to Tenant, and Tenant hereby leases from Landlord, a portion of the building located at [Street Address], [City], Nevada [Zip Code], as depicted on Exhibit A attached hereto, which premises are further described as [Detailed Description of Leased Premises].

Access and Amenities:

Shared Access: Tenant shall have non-exclusive access to the common areas of the building, including lobbies, elevators, and washrooms.

Exclusive Access: Tenant shall have exclusive access to the Premises, with access available [Days of Week], [Hours of Day].

Parking: Tenant shall be allocated [Number] parking spaces, designated as spaces [Parking Space Numbers/Locations].

Shared Amenities: Tenant shall have the right to use the following shared amenities: [List of Shared Amenities, e.g., conference room, break room].

Exclusive Amenities: Tenant shall have the exclusive right to use the following amenities: [List of Exclusive Amenities, e.g., private bathroom].

ADA Compliance: Landlord represents that the Premises [is/is not] ADA compliant. If not compliant, state the specific responsibilities: [Detailed ADA Compliance Responsibilities].

Use of Premises:

Permitted Use: The Premises shall be used solely for general commercial office purposes, specifically for [Detailed Description of Permitted Business Type].

Prohibited Uses: The Premises shall not be used for residential, retail, industrial, or any other unauthorized purpose.

Change of Use: Any change in the use of the Premises requires Landlord’s prior written consent, which consent shall not be unreasonably withheld.

Compliance with Laws:

Tenant shall comply with all applicable federal, state (including Nevada Revised Statutes, NRS Chapter 118A/118C), county, and city ordinances, as well as any building management or owner association rules.

Lease Term:

Fixed Term: The Lease Term shall commence on [Start Date] and shall expire on [End Date].

Periodic Term: The Lease Term shall commence on [Start Date] and shall continue on a [Monthly/Quarterly/Annual] basis until terminated as provided herein.

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

Holding Over: Any holding over by Tenant after the expiration of the Lease Term shall be deemed a month-to-month tenancy, subject to a rent equal to [Percentage]% of the then-current monthly rent.

Rent:

Base Rent: The base monthly rent for the Premises shall be [Dollar Amount], payable in advance on the [Day] day of each month, commencing on [Date].

Payment Method: Rent shall be payable by [List of Payment Methods, e.g., check, wire transfer, online payment] to [Payee Name] at [Payment Address].

Late Fee: If rent is not received by the [Number] day of the month, a late fee of [Dollar Amount or Percentage], or the maximum amount permitted by NRS 118C, whichever is less, shall be assessed.

Rent Increase: The base monthly rent shall increase annually by [Percentage]% or according to the following formula: [Detailed Escalation Formula, e.g., CPI Adjustment].

Operating Costs:

Tenant shall pay its pro rata share of operating costs, including common area maintenance (CAM), insurance, taxes, and utilities. Tenant’s pro rata share is [Percentage]%.

Operating costs shall be calculated and billed [Monthly/Quarterly/Annually].

Taxes:

Tenant shall be responsible for paying all taxes levied on Tenant’s personal property located on the Premises.

Option: Tenant shall reimburse Landlord for any increases in real property taxes directly attributable to Tenant’s improvements or use of the Premises.

Security Deposit:

Tenant shall deposit with Landlord a security deposit of [Dollar Amount], to be held by Landlord as security for the performance of Tenant’s obligations under this Lease.

Deductions: Landlord may deduct from the security deposit any amounts necessary to repair damage to the Premises caused by Tenant, excluding normal wear and tear, and to cover any unpaid rent or other amounts due under this Lease, in accordance with Nevada law.

Return of Security Deposit: Landlord shall return the security deposit, less any deductions, to Tenant within [Number] days after the termination of the Lease and Tenant’s surrender of the Premises, as required by Nevada law.

Tenant Improvements:

TI Allowance: Landlord shall provide Tenant with a tenant improvement allowance of [Dollar Amount] for improvements to the Premises.

Construction Standards: All improvements shall be constructed in accordance with applicable building codes and standards.

Approval Procedures: Tenant shall submit plans and specifications for all improvements to Landlord for approval, which approval shall not be unreasonably withheld.

Permits: Tenant is responsible for obtaining all necessary permits for the tenant improvements.

Restoration: At the end of the Lease Term, Tenant shall [Restore/Not Restore] the Premises to its original condition, reasonable wear and tear excepted.

Maintenance and Repair:

Landlord Responsibilities: Landlord shall be responsible for maintaining and repairing the roof, foundation, exterior walls, and common areas of the building. Landlord is responsible for HVAC, plumbing, and electrical systems.

Tenant Responsibilities: Tenant shall be responsible for maintaining and repairing the interior of the Premises, including windows, doors, and fixtures.

Reporting Damage: Tenant shall promptly report any damage to the Premises to Landlord.

Emergency Repairs: In the event of an emergency, Landlord shall have the right to enter the Premises to make necessary repairs.

Landlord's Right of Entry: Landlord shall have the right to enter the Premises upon [Number] hours’ notice for the purpose of inspection or repairs, except in cases of emergency.

Landlord Representations:

Landlord represents that the Premises are [As-Is/Improved] and in good working order.

Landlord represents that the Premises are in compliance with all applicable life safety systems, including fire detection and suppression systems.

Landlord represents that, to the best of its knowledge, there are no hazardous materials on the Premises in violation of applicable environmental laws.

Insurance:

Landlord’s Insurance: Landlord shall maintain insurance on the building, including casualty and liability insurance.

Tenant’s Insurance: Tenant shall maintain commercial general liability insurance with minimum limits of [Dollar Amount] and property insurance covering Tenant’s personal property and business interruption insurance.

Additional Insured: Tenant shall name Landlord as an additional insured on its commercial general liability policy.

Waiver of Subrogation: To the extent permitted by law, Landlord and Tenant each waive any rights of subrogation against the other.

Business Operation Compliance:

Tenant shall obtain and maintain all necessary Nevada occupational and business licenses required to operate its business on the Premises.

Tenant shall comply with all applicable zoning ordinances and regulations.

Tenant shall comply with all applicable state tax registration and collection duties, including Nevada sales tax and Commerce Tax, if applicable.

Move-In and Acceptance:

Landlord shall deliver possession of the Premises to Tenant on [Date].

Tenant shall inspect the Premises upon move-in and shall provide Landlord with a written punch list of any defects within [Number] days of taking possession.

Landlord will provide [Number] keys and access cards to Tenant.

Move-Out and Surrender:

Upon termination of the Lease, Tenant shall surrender the Premises in the same condition as received, reasonable wear and tear excepted.

Tenant shall remove all of its personal property and trade fixtures from the Premises.

Tenant shall repair any damage to the Premises caused by Tenant’s removal of its property.

Signage:

Tenant shall have the right to install signage on [Building Directory/Door/Lobby], subject to Landlord’s approval and compliance with applicable regulations.

Signage shall be of a size and design approved by Landlord.

Assignment and Subleasing:

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

Any assignment or subletting shall be subject to the terms and conditions of this Lease and NRS 118C.

Default and Remedies:

Event of Default: The occurrence of any of the following shall constitute an event of default by Tenant: failure to pay rent when due; failure to comply with any other term or condition of this Lease; abandonment of the Premises.

Landlord’s Remedies: Upon an event of default by Tenant, Landlord shall have the right to terminate this Lease, re-enter the Premises, and pursue all available remedies under Nevada law, including eviction. Landlord shall provide Tenant with notice and opportunity to cure the default as required by Nevada law.

Damages: In the event of a default by Tenant, Landlord shall be entitled to recover damages, including unpaid rent, costs of reletting the Premises, and any other losses or expenses incurred by Landlord.

Indemnification:

Tenant shall indemnify and hold Landlord harmless from any and all claims, liabilities, damages, costs, and expenses arising out of Tenant’s use of the Premises.

Force Majeure:

Neither party shall be liable for any delay or failure to perform its obligations under this Lease due to any cause beyond its reasonable control, including acts of God, war, terrorism, fire, flood, or government regulation.

Confidentiality:

The terms of this Lease shall be kept confidential by both Landlord and Tenant.

Dispute Resolution:

The parties shall attempt to resolve any disputes arising out of or relating to this Lease through negotiation and mediation.

If mediation is unsuccessful, the parties agree to submit the dispute to binding arbitration in [City], Nevada.

Option: Any legal action arising out of this Lease shall be brought in the courts of Nevada, with venue in [County] County.

Governing Law:

This Lease shall be governed by and construed in accordance with the laws of the State of Nevada.

Notices:

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, to the addresses set forth above. For notices required under Nevada law, including NRS Chapter 40, Landlord's designated legal notice address is [Landlord’s Legal Notice Address], and Tenant's is [Tenant’s Legal Notice Address].

Waiver of Jury Trial:

To the extent permitted by law, Landlord and Tenant each waive any right to a jury trial in any action arising out of or relating to this Lease.

Tax Clause:

Tenant acknowledges Nevada’s unique tax structure, including the Modified Business Tax (MBT) and Commerce Tax, and agrees to comply with all applicable state and local tax laws.

Compliance with Laws:

Tenant shall comply with all applicable state and local fire and life safety codes, environmental laws, and the Americans with Disabilities Act (ADA) as adopted by Nevada.

Energy Usage Disclosure:

[Insert Language regarding energy usage disclosure requirements if applicable based on local/state ordinance].

Regulated Industries:

[Insert restrictions or rules regarding medical/recreational cannabis businesses or other regulated industries by Nevada law, if applicable].

Representations and Warranties:

Each party represents and warrants that it has the authority to enter into this Lease and that this Lease does not conflict with any other agreement to which it is a party.

Nevada Registered Entities: Landlord and Tenant confirm that they are in good standing with the Nevada Secretary of State if registered entities.

Rent Withholding/Abatement:

[Include language regarding rent withholding or abatement in case of Landlord service failures, consistent with Nevada statutes].

Successors and Assigns:

This Lease shall be binding upon and inure to the benefit of the parties and their respective heirs, representatives, successors, and assigns.

Local Customs:

[Include any unique local customs or requirements in commercial office leasing specific to the property's location, such as gaming or advertising restrictions].

COVID-19 Compliance:

[Include any additional provisions for COVID-19 or future public health guidance compliance, if applicable].

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

Landlord:

____________________________

[Landlord's Full Legal Name]

By: ____________________________

Name: [Landlord's Printed Name]

Title: [Landlord's Title]

Tenant:

____________________________

[Tenant's Full Legal Name]

By: ____________________________

Name: [Tenant's Printed Name]

Title: [Tenant's Title]

Exhibit A: Premises Diagram

(Attach a diagram or plan of the leased premises)