Steps to putting your own lease agreement for your industrial property-in your own words

Written By Steps To Faculty Published June 29th, 2010

Industrial property lease agreements are an essential part of renting out industrial property to tenants and vendors. Simply put, an industrial property lease agreement, or commercial lease agreement, is a formal contract or agreement where a vendor rents space from the property owner and can use the industrial property for business. But sometimes, standard lease agreements can be complicated and require customization. To solve this problem, you can get a basic industrial property agreement and adjust it to your specific needs.

Step 1 Get a lease agreement

Visit and download a standard lease agreement. Review the agreement to understand the disclosed terms and conditions. Industrial property agreements are designed to set forth specific rules about the property and the exact conditions in which the property can be used. This is needed because industrial properties are exposed to more wear and tear at a quicker rate and thus the type and kind of industry that is conducted on the property must be clear from the beginning. Otherwise, the property may not withstand the high temperatures some manufacturing machines require.

Step 2 Look at the fine print and specific clauses

As you may have noticed, the lease agreement has special sections regarding OSHA safety mandates, what industrial activities can occur on site and at what times, and access rights for the owner. These are there for the owner’s protection and for the longevity of the property.

Step 3 Talk it over

Now that you understand the basics of the lease, talk with your potential leases regarding their industries and how they will use the property. Be specific and even show them the standard lease agreement.

Step 4 Customize

After receiving feedback, write out in the lease agreement the type of industry the property will hold. If you want to rent industrial space, let the landlord know as he or she prepares the agreement. Specify the exact number of years that the agreement is valid and also include the terms for renewal.

Step 5 Sign the deal

After you and the other party are confident that the property will not have any long-term or short-run damage due to the industrial process, and that the business vendor is secure in knowing he or she cannot be evicted at random, then sign the lease agreement. Be sure to keep several copies just in case.

Remember to always read the fine print first.

Roger Due

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