North Carolina Notice of Assignment of Commercial Lease

Lease office or retail space to a business tenant with this standard form North Carolina Commercial Lease Agreement.

• Renewal. Option for the tenant to renew for an additional term at the end of the lease.
• Property Taxes. Alternate provisions for taxes to be paid by either the landlord or the tenant, as applicable.
• Insurance. The tenant is responsible for carrying comprehensive public liability, fire and extended coverage insurance.
• Structural Repairs. Alternate provisions depending on whether the landlord is responsible for mechanical and structural repairs, or if the tenant is responsible for all repairs.
• Parking. Parking areas are to be shared by all tenants and their employees and customers.
• Damage or Destruction.Provisions for termination or for abatement of rent in the event of damage, destruction, or condemnation of the building.
• This lease agreement template is fully editable to fit your needs.
• Intended for use only in the State of North Carolina.

Sublet all or part of your leased business space to a subtenant with this North Carolina Commercial Sublease Agreement.

• The Sublease can be used for office, retail shopping or other business premises.
• The subtenant pays the security deposit and the rent to the original tenant, who in turn pays the landlord.
• The original tenant must still perform its obligations under the head lease for the duration of the lease term.
• The original tenant assigns its interest in the sublease to the landlord.
• The original tenant directs the subtenant to pay rent directly to the landlord if the original tenant defaults in any of its obligations under the head lease.
• Available in MS Word format.
• Intended for use only in the State of North Carolina.

Lease office, retail or other business premises to a tenant with this North Carolina Commercial Triple Net Lease Agreement.

• Triple Net Lease. A triple net lease means that the lessee covers all costs and expenses to do with the premises including structural repairs.
• Renewal. The lessee has an option to renew the lease for an additional term.
• Taxes and Charges. The lessee will pay all expenses, taxes, levies, and charges with respect to the premises, all utilities and services, and operating expenses for its business.
• Insurance. The lessee is responsible for carrying fire, extended coverage, and liability insurance.
• Alterations and Repairs. The lessee is responsible for all alterations, improvements, maintenance and repairs.
• Damage or Destruction. Clauses outlining abatement of rent or termination of the lease the event of damage, destruction, or condemnation of the building.
• Subordination. The lessee agrees to sign a subordination agreement or other documents necessary to subordinate the lease to a mortgage or other charge, if required by the lessor.
• Additional Rent. Optional clause for percentage rent to be paid in addition to the base rent, if applicable.

Secure the obligations of a corporate lessee (tenant) with this North Carolina Guaranty of Commercial Lease.

Purpose of Guaranty

The Guaranty of Commercial Lease is given to the landlord by someone with a financial interest in the tenant's business, such as a shareholder, partner, or sole proprietor (the guarantor). It is intended to be an inducement to the landlord (lessor) to sign the lease.

Key Provisions

• The guaranty is absolute, unconditional and continuing. This means that the guarantor unconditionally promises to be responsible for the tenant's obligations under the lease, regardless of the circumstances, without any conditions or exceptions.
• The guaranty ensures payment of all rent and other amounts due under the lease, including the payment of legal fees incurred by the lessor in enforcing the terms of the lease.

Format and Jurisdiction

The Guaranty of Commercial Lease form is available in MS Word format and is fully editable and reusable. It is intended to be used only in the State of North Carolina.