Wisconsin Commercial Lease Agreement
A Wisconsin commercial lease agreement is a binding contract for a tenant to lease retail, office, or industrial space. The agreement sets the responsibilities and rights for both landlords and tenants, as well as details about rent, deadlines, penalties, and other items. The Wisconsin law that governs commercial leases is Wisconsin Code Chapter 411. These types of leases are longer and more complicated than a residential lease, so consulting with a lawyer is advisable.
Writing Wisconsin Commercial Lease Agreements
- Landlord’s name and contact information
- Property manager’s name and contact information (if any)
- Tenant’s name and contact information
- Description of the lease property
- Authorized use of the lease property
- Type of lease (gross, modified-gross, or triple-net)
- Term of the lease and the commencement date
- Option to renew the lease (if any)
- Rent and landlord’s profit participation in operations (if any)
- Penalty for late/non-payment of rent (including eviction process)
- Designation of the responsible parties for certain expenses and utilities
- Security deposit and refund policy
- Permissible leasehold improvements allowed by the landlord
- Place for the signatures of all parties
- Miscellaneous terms specific to the lease
Frequently Asked Questions
Does a commercial lease need to be notarized in Wisconsin? Does a commercial lease need to be notarized in Wisconsin? No, a commercial lease does not need to be notarized in Wisconsin to be legally binding; however, anyone who is a party to the lease may request to have the commercial lease notarized if they so choose. Read more »
