COMMERCIAL LEASE AGREEMENT
THIS AGREEMENT is hereby entered into on this ………………day of …….……………. Two Thousand and ……………………………
BETWEEN
- [Owner’s Full Name], an individual residing at [Owner’s Address], hereinafter referred to as the (“Landlord”,)
AND
- [Your Medical Practice Name], having its principal place of business at [Medical Practice Address], hereinafter referred to as the (“Tenant”.)
- PREMISES:
3.1 The Landlord hereby leases to the Tenant, and the Tenant hereby leases from the Landlord, the premises located at [Address of the Leased Premises] (the “Premises”) for the sole purpose of operating a medical practice, including the provision of medical services, consultations, and related administrative activities.
3.2 The Premises include the interior space as well as any designated parking spaces specifically assigned to the Tenant.
3.3 The Tenant shall have the non-exclusive right to use common areas and facilities, including but not limited to hallways, elevators, and restrooms, as reasonably necessary for the operation of the medical practice.
- TERM:
4.1 The term of this Lease shall be for a period of three (3) years, commencing on [Start Date] and ending on [End Date].
4.2 Upon expiration of the initial term, both parties may negotiate and mutually agree upon an extension of this Lease for a subsequent term.
- RENT:
5.1 The Tenant shall pay a monthly rent of $5,000.00 (the “Base Rent”) for the Premises.
5.2 In addition to the Base Rent, the Tenant agrees to pay a transportation cost supplement. The transportation cost supplement shall be calculated on a monthly basis and shall be equal to [Specify the percentage or formula] of the actual transportation costs incurred by the Landlord in providing transportation services to patients of the medical practice during the preceding month. The transportation cost supplement shall be added to the Base Rent each month.
5.3 The monthly cost of utilities, including electricity, water, gas, and heating/cooling, shall be included within the Base Rent of $5,000.00.
- ADDITIONAL SERVICES AND AMENITIES:
6.1 The Landlord agrees to provide the following amenities as part of the lease agreement:
6.1.1Necessary medical supplies required for the operation of the medical practice.
6.1.2 Facsimile (fax) services for administrative purposes.
6.1.3 Access to a copy machine for document reproduction.
6.1.3 Use of computers and internet connectivity for medical records and related activities.
6.1 4 [Specify the number] private parking spaces for Tenant’s staff and patients.
6.2 The Tenant shall be responsible for maintaining the cleanliness and orderliness of the Premises, including the equipment provided by the Landlord.
- MAINTENANCE AND REPAIRS:
7.1 The Landlord shall be responsible for maintaining the structural integrity of the Premises, including the roof, walls, and foundation.
7.2 The Tenant shall be responsible for routine maintenance and repairs of fixtures and equipment provided by the Landlord, including computers and medical equipment, to keep them in good working condition.
- INSURANCE:
8.1 The Tenant agrees to maintain comprehensive general liability insurance covering the Premises and the medical practice conducted therein. The Tenant shall provide proof of insurance to the Landlord upon request.
- TERMINATION:
9.1 Either party may terminate this Lease Agreement upon providing written notice to the other party, provided that at least [Notice Period] days’ notice is given.
9.2 The Tenant may terminate this Lease Agreement without penalty if the Premises become uninhabitable or substantially impaired due to events beyond the Tenant’s control.
- DEFAULT:
10.1 In the event of default by either party, the non-defaulting party shall have the right to terminate
- DISPUTE RESOLUTION:
11.1 In the event of any dispute arising out of or relating to this Agreement, the Parties agree to first attempt to resolve the matter amicably through mediation. If mediation does not result in a resolution, the dispute shall be settled through binding arbitration in accordance with the rules of the American Arbitration Association. The costs of mediation and/or arbitration shall be borne by the party initiating the dispute.
- CONFIDENTIALITY:
12.1 The Tenant unequivocally commits to ensuring the utmost confidentiality and security of patient information and any sensitive data. This commitment involves strict adherence to all pertinent laws, regulations, and standards, including but not limited to the Health Insurance Portability and Accountability Act (HIPAA). The Tenant shall implement comprehensive safeguards, including administrative, technical, and physical measures, to prevent any unauthorized access, disclosure, or use of such information. The Tenant recognizes the paramount importance of safeguarding patient privacy and undertakes to train its staff, establish secure record-keeping practices, promptly address any breaches, and fully cooperate in investigations, while also extending these obligations beyond the term of this Lease Agreement.
- GOVERNING LAW AND JURISDICTION:
13.1 Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard to its conflict of law principles.
13.2 Jurisdiction: Any legal action or proceeding arising under or in connection with this Agreement shall be brought exclusively in the courts of the State of New York, and the parties hereby submit to the personal jurisdiction of such courts.
- ATTORNEY’S FEES:
14.1 In the event of any legal action to enforce or interpret the terms of this Lease Agreement, the prevailing party shall be entitled to reasonable attorney’s fees and costs incurred in connection with such action.
- INDEMNIFICATION:
15.1 The Tenant shall indemnify and hold the Landlord harmless from any claims, damages, or liabilities arising from the Tenant’s use of the Premises.
- ENTIRE AGREEMENT:
16.1 This Agreement constitutes the entire understanding between the parties, supersedes all prior discussions, negotiations, and agreements, whether written or oral, relating to the subject matter herein.
- SEVERABILITY:
17.1 If any provision of this Agreement is held to be invalid or unenforceable under applicable law, such provision shall be deemed stricken while the remaining provisions shall continue in full force and effect.
- AMENDMENT AND WAIVER:
18.1 Any amendment or modification to this Agreement shall be valid only if executed in writing and duly signed by both parties. The waiver of any breach or default under this Agreement shall not constitute a waiver of any subsequent breach or default.
IN WITNESS WHEREOF, the parties hereto have executed this Lease Agreement as of the day and year first above written.
Signed by or on behalf of:
THE UNDERSIGNED HAVE READ, FULLY UNDERSTOOD AND BY SIGNING
LANDLORD TENANT
NAME: NAME:
_______________________________ ________________________
SIGNATURE: SIGNATURE:
_______________________________ ___________________________
DATE: DATE:
_______________________________ ___________________________
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