Legal

Lease Agreement Review Checklist

Checklist for reviewing commercial or residential lease agreements — covers rent, maintenance, renewal, and exit terms.

Basic Terms

Verify property description, address, and permitted useConfirm lease commencement date and initial term lengthCheck base rent, payment schedule, and accepted payment methodsReview security deposit amount and return conditions

Rent & Escalations

Identify annual rent escalation method (CPI, fixed %, market)Review CAM charges, operating expense pass-throughs, and capsCheck for percentage rent provisions if applicableVerify late payment penalties and grace periods

Maintenance & Repairs

Clarify landlord vs. tenant maintenance responsibilitiesReview capital improvement obligations and cost allocationCheck HVAC, plumbing, and structural repair responsibilitiesConfirm insurance requirements for both parties

Renewal & Termination

Identify renewal option terms and notice requirementsReview early termination provisions and associated penaltiesCheck assignment and subletting restrictions and consent requirementsVerify holdover provisions and rent during holdover period

Additional Provisions

Review parking allocation and common area access rightsCheck signage rights and restrictionsConfirm compliance with ADA and local building codesReview default remedies and cure periods for both parties

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