Rhode Island office lease agreement template

Rhode Island Office Lease Agreement

This Office Lease Agreement ("Lease") is made and entered into as of this [Date], by and between [Landlord Name], residing at [Landlord Address] ("Landlord"), and [Tenant Name], a [State of Incorporation] corporation, with its principal place of business at [Tenant Address] ("Tenant").

1. Premises

The Landlord hereby leases to the Tenant, and the Tenant hereby leases from the Landlord, the premises (the "Premises") located at [Property Address], specifically [Floor Number], Suite [Suite Number], consisting of approximately [Square Footage] square feet of office space, as measured by Rhode Island standard measurement practices.

• Option A: Including use of common areas, conference rooms, breakrooms, parking spaces [Number], reception area, elevators, restrooms, and other building amenities.
• Option B: Excluding use of [Specific Excluded Amenities].

2. Use

The Premises shall be used and occupied by Tenant solely for general office and commercial purposes, specifically [Detailed Permitted Use], and for no other purpose.

• Option A: Tenant shall not conduct any business that violates any city zoning ordinances, local business licensing requirements, or fire codes.
• Option B: Subleasing, assignment, or change of use is permitted only with the prior written consent of Landlord, which consent shall not be unreasonably withheld.
• Option C: Subleasing, assignment, or change of use is strictly prohibited.

3. Term

The term of this Lease shall commence on [Start Date] and shall expire on [End Date], unless sooner terminated as provided herein.

• Option A: Renewal Option: Tenant shall have the option to renew this Lease for an additional term of [Renewal Term Length] years, provided Tenant gives Landlord written notice of its intent to renew at least [Notice Period] days prior to the expiration of the initial term.
• Option B: Holdover: If Tenant remains in possession of the Premises after the expiration of the Term, such occupancy 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 Increase]% of the then current monthly rent.

4. Rent

Tenant shall pay to Landlord, as rent for the Premises, the sum of [Base Rent Amount] per year, payable in equal monthly installments of [Monthly Rent Amount], due on the [Day of Month] of each month, beginning on [First Rent Payment Date].

• Option A: Payment Method: Rent shall be paid by [Payment Method, e.g., check, electronic transfer] to [Payment Address/Account Details].
• Option B: Security Deposit: Tenant shall deposit with Landlord a security deposit in the amount of [Security Deposit Amount], to be held by Landlord as security for the performance of Tenant's obligations under this Lease, subject to Rhode Island law regarding security deposits.
• Option C: Late Fees: If rent is not received within [Number] days of the due date, a late fee of [Late Fee Amount or Calculation Method]% will be assessed.

5. Common Area Maintenance (CAM)

Tenant shall pay its proportionate share of Common Area Maintenance (CAM) charges, calculated as [Calculation Method, e.g., percentage based on square footage], for the maintenance, repair, and operation of the common areas of the building.

• Option A: Landlord shall provide Tenant with an annual accounting of CAM expenses. Tenant shall have the right to audit Landlord's CAM expenses, subject to [Conditions, e.g., providing written notice and using a qualified CPA].

6. Utilities

Tenant shall be responsible for the payment of all utilities used in the Premises, including but not limited to electricity, gas, water, sewer, and telecommunications services.

• Option A: Landlord shall provide [Specific Utilities, e.g., water and sewer] and Tenant shall reimburse Landlord for its proportionate share, calculated as [Calculation Method].
• Option B: Tenant is responsible for obtaining and paying for all janitorial services for the Premises.

7. Tenant Improvements

Any improvements or alterations to the Premises by Tenant shall be subject to Landlord's prior written approval.

• Option A: Tenant shall submit plans and specifications to Landlord for approval prior to commencing any work. All work shall be performed in compliance with all applicable building permits and the Americans with Disabilities Act (ADA) standards.
• Option B: Upon termination of this Lease, Tenant shall restore the Premises to its original condition, reasonable wear and tear excepted, unless otherwise agreed in writing by Landlord.

8. Maintenance and Repair

Landlord shall maintain the structural elements of the building, including the roof, foundation, and exterior walls. Tenant shall maintain the interior of the Premises in good condition and repair.

• Option A: Landlord shall be responsible for maintaining the HVAC, plumbing, and electrical systems.
• Option B: Tenant shall promptly notify Landlord of any needed repairs. Landlord shall have [Number] days to commence repairs after receiving notice.

9. Insurance

Tenant shall maintain commercial general liability insurance with minimum coverage of [Coverage Amount] per occurrence.

• Option A: Tenant shall provide Landlord with a certificate of insurance evidencing such coverage and naming Landlord as an additional insured.
• Option B: Landlord shall maintain property insurance on the building.

10. Compliance with Laws

Tenant shall comply with all applicable federal, state, and local laws, ordinances, and regulations, including, without limitation, all environmental laws and the Americans with Disabilities Act.

11. Default

If Tenant fails to pay rent when due or otherwise breaches this Lease, Landlord shall have the right to terminate this Lease and pursue all available remedies under Rhode Island law.

• Option A: Landlord shall provide Tenant with written notice of default and [Number] days to cure the default.
• Option B: Landlord shall have the right to re-enter and re-let the Premises without terminating this Lease, and Tenant shall remain liable for any deficiency in rent.

12. Indemnification

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

13. Right of Entry

Landlord shall have the right to enter the Premises at reasonable times to inspect the Premises, make repairs, or show the Premises to prospective tenants or purchasers, subject to Rhode Island statutory notice requirements.

14. Notices

All notices under this Lease shall be in writing and shall be deemed to be duly given when delivered personally or sent by certified mail, return receipt requested, to the addresses set forth above.

15. Governing Law

This Lease shall be governed by and construed in accordance with the laws of the State of Rhode Island. Jurisdiction and venue for any dispute arising hereunder shall be in the state courts located in [County Name] County, Rhode Island.

16. Entire Agreement

This Lease constitutes the entire agreement between the parties and supersedes all prior agreements and understandings, whether written or oral. This Lease may be amended only by a writing signed by both parties.

17. Dispute Resolution

Any dispute arising out of or relating to this Lease shall be resolved through [Negotiation, Mediation, Binding Arbitration, or Submission to the Jurisdiction of Rhode Island Courts].

18. Representations and Warranties

Each party represents and warrants that it has the full power and authority to enter into this Lease.

19. Statutory Disclosures

Landlord shall provide Tenant with all required Rhode Island statutory disclosures, including, but not limited to, [Specific Disclosures, e.g., Lead Hazard Warning for buildings pre-1978].

20. Special Provisions

[Any Unique Requirements for Leased Office Property: Access to building-wide amenities, parking space allocation, certificate of occupancy representations, building hours and after-hours HVAC/electric]

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

Landlord:

____________________________

[Landlord Name]

Tenant:

____________________________

[Tenant Name]